Surprise, surprise – the NZ Tax system is rigged for the rich…Richest Kiwis effectively pay lower tax rate than ordinary NZers – reportNew Zealand’s richest families pay a lower effective rate of tax – over their whole income – than middle-income earners, two new government reports have found. Treasury found the general population pays an effective 20.2% tax rate across all income sources. …you know the system is rigged, I know the system is rigged, they know the system is rigged. It’s the Great NZ Tax Cut Scam that never actually fixes the problem! -Sugar Tax-Inheritance Tax-Wealth Tax-Financial Transactions Tax-New top tax rate on people earning over $300 000 per year.

Source: New Zealand Herald April 26, 2023 21:56 UTC