There have been complaints that I don’t write enough satire, but I do publish the occasional parody piece in the Herald under the (obvious) psuedonym of Anne Gibson.
March 6, 2010
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All I can think of to say to that woman is…
Would you like a fucking tissue?
Comment by Rangi — March 6, 2010 @ 11:33 am
It is a pity that the landlord was not asked the obvious question. On your $10 million of assets and $700,000 a year of income, how much actual income tax do you pay.
I suspect the answer is zero or close to zero.
Comment by dpf — March 6, 2010 @ 12:39 pm
Her life is so damned hard, let me tell you Internets.
Comment by QoT — March 6, 2010 @ 5:23 pm
“It’s said we don’t contribute to the economy but I pay rates, insurance, bank interest, numerous tradespeople, merchants and a property manager.”
Noticeable lack of the word TAX in there?
Comment by garethw — March 7, 2010 @ 12:04 am
“It’s said we don’t contribute to the economy but I pay rates, insurance, bank interest, numerous tradespeople, merchants and a property manager.”
apart from the property manager, they’re all things the owner of the house would pay if it was owner-occupied. Therefore her paying those costs out of her rent income is no different from the people living in the houses paying them directly.
Comment by kahikatea — March 7, 2010 @ 9:08 am
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Pingback by The unasked question | Kiwiblog — March 7, 2010 @ 12:02 pm
Well, now that this woman has spoken out, I look forward to this information being released by a minister in the coming days. She’s impliedly consented after all…
Comment by Graeme Edgeler — March 7, 2010 @ 6:03 pm
She is rich, so she can do anything in a corrupt country run by radical feminists.
Comment by Satan — March 7, 2010 @ 6:28 pm
Well, assuming $700,000 retal income less say:
$100,000 rates @ 1%
$240,000 interest say $4M @6%
$ 53,000 maintenance 53x$1000
$ 26,500 insurance 53 * $500
$ 60,000 depreciation (assume purchase
price of properties $4M,
with building being $2M of that, @ 3%)
$ 70,000 property management @ 10%
——–
$549,500 total costs
$150,500 profit, being a yield of 1.5% (bf capital gains)
Comment by Clunking Fist — March 8, 2010 @ 8:11 pm
53 properties worth $10M = $188k per property average. She’s providing a roof over the heads of the poor, bless her. What she must put up with on a daily basis. Truely, being a landlord is a shitty business, nothing like a taxpayer funded job in acedemia!
:^)
Comment by Clunking Fist — March 8, 2010 @ 8:14 pm
Of course, this taxpayer is undoubtedly offsetting her inflated Telecom salary, bonuses and share options against these properties…
Mwahaha.
Comment by Clunking Fist — March 8, 2010 @ 8:18 pm