Who does it better?

Each day I'm gonna post something I like better about New Zealand, then something I like better about the United States.  To be fair, I'll start with both.


+NZ

New Zealand does not have a capital gains tax.  This is currently a topic of interest here.  New Zealand Labour Party (labour party describes itself as "centre-left" and "socially progressive") leader Phil Goff says he will give most New Zealanders a tax cut by confirming that a capital gains tax on investment properties is his centrepiece.  "The tax won't affect family homes and will target people with one or more investment properties at a rate of 15 percent on the profit made when they are sold."  You can read the entire article here.  Current Prime Minister and leader of the New Zealand National Party (conservative, centre-right) John Key says here that capital gains tax figures don't add up.  

In the US you pay tax on capital gains just as you would any other type of income, but if you have a long-term capital gain (anything held for over a year before being sold) you pay a lower rate.  The current rate for capital gains tax in the US on long term investments is 15%.  If you are in the bottom two tax brackets you pay 5%.  That is under $34K for single or under $68K if filing jointly.


+US

The internet sucks here.  Plain and simple.  Normal internet here is about 3-5 times slower than crappy DSL in the US.  There is a also a limit on home internet plans, unlike in the US where home internet plans are almost always unlimited usage.

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