Jason Walls: ZB Political Editor on released IRD report finding wealthy pay half tax rate of average Kiwis
The wealthiest New Zealanders pay tax at half the rate of ordinary people, an IRD report has found.
An IRD study into the tax rate paid by a sample of 311 New Zealanders found they paid a median effective tax rate of 9.4 per cent.
Treasury reckons a comparable tax rate for a “middle wealth” Kiwi was 20.2 per cent - that rate includes GST they pay and any benefits someone might receive like Working for Families. If you leave those out, their tax rate is even higher.
The median wealth of the families was $106 million - but a handful of extremely wealthy people meant the mean wealth of those…
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