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  1. #11
    Quiet Observer
    Join Date
    Jun 2005
    Location
    New Zealand.
    Posts
    402

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    Quote Originally Posted by Panda-NZ- View Post
    Working people pay most of the tax in NZ... overall it's regressive when compared to percentage of income.
    And now for the actual facts - as reported by Treasury & highlighted in the 2023 Sapere Report.

    Only 21% of tax payers earn over $70,000, yet pay 68% of all income tax.

    Meanwhile, >30% of tax payers now get more in tax credits (in reality handouts from actual NET Tax payers) than they actually pay in Tax.

    Crazy stuff. Yet, some still wonder why NZ Inc is falling deeper into a financial Black Hole.

    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.
    Last edited by FTG; 25-02-2024 at 06:09 PM. Reason: Grammar
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