
Originally Posted by
davereid
Earnings Related Compensation is one that gets me, at least with the motor-vehicle account.
Fair enough, if you work hard and earn $750k a year, at work you get to pay higher ACC levies. So you are entitled to a higher payout for any accident covered by the levies you pay at work.
But, in the motorvehicle account, we all pay the same, and ACC are very firm on the division.
So if a minimum wage earner has an accident, he gets ERC of 80% of the minimum wage.
If someone earning $750k a year has an accident, they get 80% of $750K.
Effectively, in the motorvehicle account, low income earners subsidise high income earners.
Actually, I thought there was an upper limit on the amount high earners pay (not sure if there is an upper limit on the amount they can claim though)

Originally Posted by
NighthawkNZ
Put ACC levy on GST to compensate there solved... its on petrol, booze every thing you buy and sell, covers yah paper cuts, it covers your tourists and covers cyclists and bikers as you are paying it on every thing you buy for you bike. It covers those that are working, even kids when will be paying ACC out of there pocket money (all business have to is up GST) the IRD goons do the rest.
Employers (by and large) don't pay GST, they tend to pass their charge on to thier consumers and claim back what they have had to pay out
"There must be a one-to-one correspondence between left and right parentheses, with each left parenthesis to the left of its corresponding right parenthesis."
Bookmarks