Quote Originally Posted by GTM 3442 View Post
Tax is the price you pay for civilization, but there is also no requirement to structure your affairs so that you pay the most tax possible.

As your income rises, there is a tendency for your wealth to rise also. Once your income/wealth combination reaches or passes a certain point, it becomes an option to structure your affairs so that you minimize your tax obligations.

If, for example, the top tax rate kicks in at $70,000pa income, I would expect there to be a lot of people who can control their taxable income who turn out to have an income of $65-69,999pa.

Personally, as an honest man, I always try to pay the right amount of tax.
You misunderstand me GTM 3442 all I am saying is that an income equality survey isn't especially helpful in establishing the need/benefit of a capital gains tax and says absolutely nothing about the distribution of wealth in NZ. I have no problem people capping their income, the company still pays tax at 28% or the Trust at 33%.