Brad Olsen: Infometrics Principal Economist on the IRD report revealing that the wealthiest Kiwis pay tax at half the rate of ordinary people
An IRD report today found that New Zealand's wealthiest pay tax at nearly half the rate of ordinary people.
A sample of over 300 wealthy Kiwis (all worth over $50 million) revealed they paid a median tax rate of 9.4 percent.
Treasury data indicates that 'middle wealth' New Zealanders pay a 20.2 percent tax rate.
Infometrics Principal Economist Brad Olsen says no matter what way you cut the figures, middle income earners will be questioning the fairness of this.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.