
Originally Posted by
Jantar
The average income in New Zealand is now over $40,000 pa. For someone to be paying more than double this in tax they would need to be a salary or wage worker earning more than $250,000 pa and have no offsetting loss ventures like rental property.
I don't have any exact figures, but as all companies have to declare in their annual reports, the number of people earning more than $100,000, I do know that the number is very small.
The wealthiest people in New Zealand currently pay either no tax at all, or just a peppercorn amount. This is because they take their earnings as drawings, or they offset their earnings against depreciation in rental properties or other assests that don't attract capital gains tax.
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