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Older Kiwis Paying Taxes But Not Enough | Auckland News
Older New Zealanders, including those still working past the age of entitlement for NZ Super, are paying a hefty chunk of personal taxes—nearly 15%—with over 900,000 superannuitants contributing nearly $10 billion last year. Yet, economists warn this isn’t enough to balance the books, as the cost of supporting aging populations through public services continues to outpace their tax contributions. While more seniors are staying in the workforce—either by choice or necessity—this trend is seen as a structural shift, not a temporary fix. Even as younger teens begin contributing, the fiscal…
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