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1508 posts

Uber Geek

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# 240664 19-Sep-2018 13:32
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Stay on topic please we don't what this thread locked as well.

 

 

 

Just wondering why the Labour lead portion has been removed and its now just a coalition government.

 

 

 

Has there been a formal press release or anything or have I just missed it.





Ding Ding Ding Ding Ding : Ice cream man , Ice cream man


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8792 posts

Uber Geek


  # 2312063 7-Sep-2019 08:18
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For income tax on the first million annual income, you'd pay about $320,000 in NZ, but about $420,000 in Aus or the UK.

It's delusional to claim that "the rich" are taxed unfairly in NZ compared to other developed social democracies.

You could still argue (as many do) that a progressive tax system is inherently unfair, but NZ is criticized by economists for having a comparatively too-flat tax system compared to OECD average, and if you wanted to justify making it even flatter, you'd probably end up having to invent theories about how making the rich richer benefits the poor.

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