Video / Mark MitchellOpposition leader Christopher Luxon says he doesn't need the $18,000 he'll get if he becomes prime minister and implements National's proposed tax cuts. TV host Jack Tame asked Luxon how much more he'd get a year under National's tax proposals if he was prime minister. Under Labour, the top tax bracket is now 39 per cent, starting at $180,001. National wanted the lowest income tax bracket to stop at just above $15,600, the second to rise to $53,500 and the third bracket to $78,100. The lowest income bracket is taxed at 10.5 per cent, the next at 17.5 per cent, and the third at 30 per cent.

Source: Stuff April 24, 2022 16:55 UTC