Steve Lawton Candidate for Dunedin - 1% Transaction Tax Explained

Hello, I'm Steve Lawton, your Dunedin candidate from NZ Loyal. Today, I want to share with you a transformative concept that has the power to reshape our nation's economic landscape. It's a policy that's not just about numbers and taxes; it's about putting more money in your pocket and revitalizing our economy.

Join me as we dive into the heart of our monetary and taxation policies, and discover how the 1% Transactional Tax can simplify our tax system, boost your purchasing power, and make a real difference in your life.

Together, we'll explore a vision of a simpler, fairer, and more efficient tax system that benefits every New Zealander. Welcome to the future of our economy. Welcome to NZ Loyal's 1% Transactional Tax.

The heart of any nation's economy lies in its monetary and taxation policies—policies that can be the key drivers, or inhibitors of economic growth. Today, I want to introduce you to a transformative concept, a policy that holds the power to reshape the economic landscape. New Zealand Loyal's 1% Transactional Tax!

Imagine a tax system that replaces income tax, GST, and company tax—a system that's simpler, fairer, and more efficient. The 1% Transactional Tax is not just a policy; it's a revolutionary idea that can lead to profound changes in our lives.

Under this system, you'll experience cheaper goods and services, putting more money in your pocket. But it doesn't stop there. The 1% Transactional Tax has the potential to turbocharge our economy by increasing economic activity and your purchasing power. It's about giving you more expendable income, empowering you to save more, and stimulate the economy in the process.

A 1% Transactional Tax, will eliminate:
• Personal Income Tax (PAYE)
• GST
• And Company Tax
All of these taxes will be abolished, and in its place a simple straight forward, 1% transactional tax.
So, how will this work, IT’S SIMPLE. With every purchase, a 1% transactional tax is paid to the Government.
Example 1. If you buy a hot dog for a dollar, then a 1% transactional tax is paid. (1 cent)
Example 2. If you buy a one million dollar home, then again a 1% transactional tax is paid.($10,000)
There will be no more need for Inland Revenue, and that alone will be a savings of approximately ONE BILLION dollars.

So let’s have a look at how this will work today.

On the Adult minimum wage of $22.70 per hour for a 40 hour week, you will earn $47,216.00 per year. Today, you will pay in taxes - $7,282.80 PAYE PLUS $722.40 ACC per year.
And, you end up taking home $39,210.80

Under New Zealand Loyal you will take home ALL $47,216.00 and you will be $8,005.20 better off than you are today. That equates to an extra $150.00 per week, in the pocket, of the lowest income earners.

Thank you for taking the time to learn about the 1% Transactional Tax and how it can positively impact our economy and your pocket. Your support can help make this transformative policy a reality.

If you believe in a simpler, fairer, and more efficient tax system, and if you want to see more money in your pocket and a thriving economy, then consider making your party vote count.
Join us in our mission to reshape the economic landscape of New Zealand. Your party vote for NZ Loyal can pave the way for a brighter future for all. Together, we can make a difference.

Visit our website to learn more, engage with our community, and stay updated on our policies. Let's build a stronger and more prosperous New Zealand, one vote at a time.
Make your party vote NZ Loyal and be a part of the change you want to see. Together, we can make it happen.

https://nzloyal.org.nz/