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EN
Who actually pays tax in NZ
['David Farrar', 'Nikola Donatello', 'David George']
Kiwiblog
The Taxpayers’ Union has released a report showing who pays tax in NZ.
The findings include:The top 20 percent pay nearly two-thirds of all personal income taxThe top 10 percent pay 45%, which is more than the bottom 80 percent combinedThe top 1 percent pay 14%, which is more than the entire bottom half of taxpayers46,939 taxpayers pay more income tax than 2.35 million people combinedThe top quintile of income earners pay 35% of GST and the bottom quintile 10%The top decile of income earners pay more GST than the bottom 30% of income earnersThe bottom decile pay an average 10.4% tax rate and the top decile an average 29.6% tax rateThe top decile pays 3,814 times more tax than the bottom decileThe top 1% of earners pay an average of $177k in tax while the bottom 50% pay an average of $2,298.
We already have a highly progressive tax system.
Those who claim it isn’t are ignoring the facts.