Green MP Efeso Collins dies

[FTG]

Working people pay most of the tax in NZ... overall it's regressive when compared to percentage of income.

And now for the actual facts - as reported by Treasury & highlighted in the 2023 Sapere Report.

Only 21% of tax payers earn over $70,000, yet pay 68% of all income tax.

Meanwhile, >30% of tax payers now get more in tax credits (in reality handouts from actual NET Tax payers) than they actually pay in Tax.

Crazy stuff. Yet, some still wonder why NZ Inc is falling deeper into a financial Black Hole.

You are right on one thing though Ms Panda. Collins actively advocated for those working hard & earning better, to hand over even more of that money across to the State.

[Panda-NZ-]

You are right on one thing though Ms Panda. Collins actively advocated for those working hard & earning better, to hand over even more of that money across to the State.

That would be true even if it's a flat tax.

Mind you a flat tax would be fairer than what we have if its applied to capital gains and dividends too (ACT says no though.. why might that be).

[Panda-NZ-]

Only 21% of tax payers earn over $70,000, yet pay 68% of all income tax.

The obvious flaw in this mindlessly repeated statistic.

Assume a teenager who works part time pays 100% tax on 5k income... 5k paid
A millionaire pays 1%... 10k tax paid.

OMG, they pay 66% of all the income tax!