
Originally Posted by
Ocean1
Firstly, company levies and road user levies are indeed risk based. Only individual income levies are based on income alone.
Exactly. This is what it has become. My point is that the former should not be the case and all ACC funding should be on a pro-rata income basis (i.e. income tax) the no-fault principle is to be adhered to.

Originally Posted by
Ocean1
Secondly, those with a higher "ability to pay" have already paid an exponentially higher tax on their income, why should they have to pay more again?
They shouldn't. See above.
Also, the tax on higher incomes is not "exponentially higher".
Just for clarity these are the current NZ tax rates:
up to $14,000 - 10.5%
from $14,001 to $48,000 - 17.5%
from $48,001 to $70,000 - 30%
$70,001 and over - 33%
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