Originally Posted by
777
But of course being Labour, that is how you/they would promote it. The progressive tax base is still there.
Looking at the statistics section of the IRD there are 2,904,380 taxpayers in the country earning. 2,608,920 earn less than $52,000 (the new band). 2,779,750 earn less than the top band ($70,000), that leaves 124,630 taxpayers over $70,000. (4.29%)
And you would want to deny the 2,779.750 a tax cut just because you hate the thought of those earning in the top tax bracket getting $20/week.