Rants, Raves, Reviews

Enter your income and click 'Pillage!'

By Gary R, in , posted: 24-May-2007 13:00

Have you ever wondered where all your Tax goes or how it gets divided amongst so many worthy causes? Well wonder no longer. Simply try the Pillage calculator kindly provided by Libertarianz

Now this just provides the break down for PAYE so it excludes all those other fun taxes such as GST, petrol, rates and booze.

For example someone earning $50K per year pays around $11,950 in tax or 23.94%. This is where it all goes:

Category                                  Amount ($)
Social Security and Welfare        3,029.74
Core Government Services         1,856.59
No Functional Classification        1,847.41
Health                                     1,827.44
Education                                 1,669.39
Law & Order                                424.14
Defence                                      353.27
Transport and Communications     308.38
Other Economic                            278.65
Heritage, Culture & Recreation       154.49
Primary Services                           122.21
Fuel and Energy                             43.34
Housing and Community                30.26
Other                                           24.36
Finance                                          0.33

The biggest sponge is the welfare system which includes 'Welfare for Families', second we have the government which includes office refits in Wellington and thirdly an obscure 'non functional classification' which covers (among other things) the well deserved 'Provision for Retirement and Long Service Leave' for Dept of Conservation employees.

No doubt this third category also covers the superannuation scheme for MPs' where you and I contribute $2.50 for ever $1 contributed by the MP. This means that an MP who contributes $10K p/year gets rewarded with an additional $25K from you and I. Apparently the MP superannuation fund only took 7 minutes to ratify when put to the MP vote in 1987. I am sure it also received a 100% 'yes'.

Gee, and the rest of us get  KiwiSaver.

Other related posts:
I Smell a Conspiracy
Disposal of Eco-bulbs
Welcome to Vuestar

Comment by NokiaRocks, on 24-May-2007 13:37

Good to see they put a limit on it...

You paid around $39,007,799,999,999,985,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 in Income Tax last year, or 39.00% of your income.

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