The tax plan also included a 1.5 per cent tax on trust assets, and an increase in the top rate of income tax from 39 per cent to 45 per cent paid on income over $180,000. The party hiked other income taxes too, although these are paired with income tax cuts at the lower end of the scale. GoodThe 33 per cent tax rate would be hiked to 35 per cent, although the threshold for paying that rate would be $75,000, rather than $70,000 as currently. Good, the first $10000 should be tax free, that should be seen as yours. The Green Party tax policy makes a slightly bigger pie but a Financial Transaction Tax on the other hand hurts the speculators hardest.

Source: Otago Daily Times June 12, 2023 04:54 UTC