Geekzone: technology news, blogs, forums
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.

559 posts

Ultimate Geek
+1 received by user: 2


Topic # 23039 16-Jun-2008 11:30
Send private message

Hey I was 16 at the time of working and got taxed $1,171.59 and upon requesting a child rebate they said i'll get $600 back
I feel slightly robbed. Does this sound right?

Create new topic
177 posts

Master Geek

  Reply # 138337 16-Jun-2008 12:04
Send private message

I think you get taxed on the tax rebate, good eh

3277 posts

Uber Geek
+1 received by user: 207


  Reply # 138348 16-Jun-2008 12:51
Send private message

andysh: I think you get taxed on the tax rebate, good eh


In general, with a simple tax situation like yours, I would expect the IRD to get things right, but let's take a look (n.b. I am by no means a tax expert, but I don't really think you need one here).

Assuming you were taxed (correctly) at 19.5c and 1.3c ACC earner's levy then your taxable income should have been around $5,600, right?  You would have been eligible for the child rebate (if you were at school all year) and the under $38,000 rebate.  The under $38,000 rebate brings your tax rate down to 15% for the first $9,500 (i.e. rebate of ~$250) and the child rebate means the first $2,340 was tax free (i.e. rebate of $351, the maximum).  So, seems like the $600 is about right.

Were you hoping to pay no tax?!

P.S. Any tax experts feel free to chime in if my calculations or assumptions are incorrect.


559 posts

Ultimate Geek
+1 received by user: 2


  Reply # 138355 16-Jun-2008 13:11
Send private message

Were you hoping to pay no tax?!

yea kinda lol. haha my income was $6064
gues i should be happy then! thanks bazzer

Create new topic

Twitter »

Follow us to receive Twitter updates when new discussions are posted in our forums:

Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:

Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:

News »

Stuff Pix enters streaming video market
Posted 21-Mar-2018 09:18

Windows no longer Microsoft’s main focus
Posted 13-Mar-2018 07:47

Why phone makers are obsessed with cameras
Posted 11-Mar-2018 12:25

New Zealand Adopts International Open Data Charter
Posted 3-Mar-2018 12:48

Shipments tumble as NZ phone upgrades slow
Posted 2-Mar-2018 11:48

Oppo R11s: high-end Android, budget price
Posted 27-Feb-2018 16:27

Samsung New Zealand introducing the Galaxy S9 and S9+
Posted 26-Feb-2018 07:00

Fujifilm X beats its best with new top of the range, high-performance camera
Posted 24-Feb-2018 14:05

One million kiwis affected by cybercrime
Posted 24-Feb-2018 13:58

New Zealanders want to engage with government online and via mobile apps
Posted 24-Feb-2018 13:56

Samsung launches Samsung Max
Posted 24-Feb-2018 13:52

CPTPP text and National Interest Analysis released for public scrutiny
Posted 21-Feb-2018 19:43

Foodstuffs to trial digitised shopping trolleys
Posted 21-Feb-2018 18:27

2018: The year of zero-login, smart cars & the biometrics of things
Posted 21-Feb-2018 18:25

Intel reimagines data centre storage with new 3D NAND SSDs
Posted 16-Feb-2018 15:21

Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.

Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.