What the likes of BS are really saying: "Give serious thought & consideration to getting off my butt and taking responsibility for myself and being responsible for my OWN outcomes??? Yeah.....NAHHHH, no way Jose. Way too much work & effort!"
A couple points of clarification.
- NZ's top tax rate is now 39% - not 35% as incorrectly stated above.
- Pig Trough dwellers often cite the super high headline tax rates of the Scandi' countries as 'shining examples' of what we could and should do in NZ.
The reality is starkly different. There are so many & variously structured State sanctioned Rebates, Family Friendly Benefits, Supplements etc for the citizens, including for the "wealthy", that the average effective tax rate of this cohort is significantly lower than what the headline rates may make it appear. Basically making 'all & sundry' beneficiaries of the State.
NZ has been in that hideous place previously - in the early 80's for those who are too young to recall. A 66% top tax rate, but laced with various offsets.
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