Strypey on Nostr: "New Zealand’s marginal tax rate system... works like this: The first $14,000 is ...
"New Zealand’s marginal tax rate system... works like this: The first $14,000 is taxed at a rate of 10%. Money you earn between $14,000 and $48,000 a year is taxed at a rate of 17.5%. Between $48,000 and $70,000 you pay 30%. Between $70,000 and $180,000 you are taxed 33% and every dollar you earn over $180,000 in a year is taxed at 39%. (If you earn $72,000 a year, you don’t pay 33% on the whole lot – just the bit over $70,000.)"
#SusanEdmunds, 2022
https://i.stuff.co.nz/business/money/300680359/taxation-by-stealth-inflation-means-tax-brackets-need-urgent-attentionPublished at
2023-05-20 02:02:17Event JSON
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"content": "\"New Zealand’s marginal tax rate system... works like this: The first $14,000 is taxed at a rate of 10%. Money you earn between $14,000 and $48,000 a year is taxed at a rate of 17.5%. Between $48,000 and $70,000 you pay 30%. Between $70,000 and $180,000 you are taxed 33% and every dollar you earn over $180,000 in a year is taxed at 39%. (If you earn $72,000 a year, you don’t pay 33% on the whole lot – just the bit over $70,000.)\"\n\n#SusanEdmunds, 2022\n\nhttps://i.stuff.co.nz/business/money/300680359/taxation-by-stealth-inflation-means-tax-brackets-need-urgent-attention",
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