Quote Originally Posted by Bjauck View Post
According to this table in 2018 the net financial wealth per person is similar in Australia, NZ, the UK and Canada https://en.wikipedia.org/wiki/List_o...ets_per_capita

Property Rates, like fuel tax, are a user-pays charge. Rates pay for local government services and all households end up paying them, whether directly by owner occupiers or indirectly through rent paid to the landlord.

GST is a regressive tax insofar as it places a greater percentage burden on those with lower incomes. It should really have been levied in conjunction with a income tax 0% band and a CGT and/or financial transaction tax/stamp duties. So NZ has scope to broaden the tax base without increasing the burden on GST and lower income groups.
The tables here are a few years old, but show that just 10% of households pay most of the income tax. It's still around that, but can't find a later chart at present. Higher earners also tend to be bigger spenders, so pay more GST as well.

https://www.kiwiblog.co.nz/2011/07/net_taxpayers.html