Someone earning $70,000 in Australia will pay $11,788 in tax compared to $14,020 in NZ. So that's an average rate of 16.8% compared to 20.0%.
At twice that or $140,000 an Aussie pays $33,094 tax and a Kiwi $37,120. That's 23.6% vs 26.5%.
If you include our highest GST rate, then someone one $140,000 probably pays $8,461 more tax a year in NZ than Australia – that is equal to $162.71 a week.
Even someone on $240,000 income will pay less income tax in Australia.
i hope National's tax cuts in May will be significant enough to close the gap between what Kiwis and Aussies have to pay to fund the state.
David Farrar runs Curia Market Research, a specialist opinion polling and research agency, and the popular Kiwiblog where this article was sourced. He previously worked in the Parliament for eight years, serving two National Party Prime Ministers and three Opposition Leaders.
If you include our highest GST rate, then someone one $140,000 probably pays $8,461 more tax a year in NZ than Australia – that is equal to $162.71 a week.
Even someone on $240,000 income will pay less income tax in Australia.
i hope National's tax cuts in May will be significant enough to close the gap between what Kiwis and Aussies have to pay to fund the state.
David Farrar runs Curia Market Research, a specialist opinion polling and research agency, and the popular Kiwiblog where this article was sourced. He previously worked in the Parliament for eight years, serving two National Party Prime Ministers and three Opposition Leaders.
1 comment:
At this stage Aus is not funding all the brown nonsense that NZ is. Watch this space.
The No Voters in Aus may have won the battle but I fear, not the tax War.
Sure history happened but get a life everyone. Very few ever had it easy and many, many people were abused and/or abusers. Sorry about that but don’t blame me. I work hard, try to do good things and pay my tax. And try to provide for myself and family with honesty and integrity without ignoring others and without grizzling.
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