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  1. #21
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    Quote Originally Posted by FTG View Post

    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).

  2. #22
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    Quote Originally Posted by FTG View Post
    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!
    Last edited by Panda-NZ-; 26-02-2024 at 08:48 AM.

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