Below are the Alliance tax tables. I felt it was time to remind people that there are other alternatives out there to the two big parties. The Alliance is the only one of the smaller parties to cost out their policies. We know where evert dollar comes from and where every dollar goes. If you factor in the fact that under an Alliance government there would be no school fees, no health care fees, no prescriptions, no student loans to repay, and no tertiary fees (no bonding either) you can clearly see how you will wind up with more money in your own back pocket. If you want a more detailed account of our tax programme and our budget, check out the website, www.alliance.org.nz
|
INCOME |
MARGINAL TAX % |
INCOME |
TOTAL TAX % |
TOTAL MAX $ |
TOTAL DIFFERENCE |
|
0 – 10,000 |
nil |
10,000 |
nill |
nil |
Up To $1,530 |
|
10 – 20,000 |
24 |
20,000 |
12.00 |
2,400 |
841,000 kiwis will average $1,400 less tax |
|
20 – 30,000 |
26 |
30,000 |
16.67 |
5,000 |
372,000 kiwis will average $984 less tax |
|
30 – 40,000 |
30 |
40,000 |
20.00 |
8,000 |
339,000 kiwis will average $428 less tax |
|
40 – 50,000 |
40 |
50,000 |
24.00 |
12,000 |
314,000 kiwis will average $232 more tax |
|
50 – 60,000 |
42 |
60,000 |
27.00 |
16,200 |
225,000 kiwis will average $1,009 more tax |
|
60 – 70,000 |
46 |
70,000 |
29.71 |
20,800 |
146,000 kiwis will average $1,794 more tax |
|
70 – 100,000 |
50 |
100,000 |
35.80 |
35,800 |
205,000 kiwis will average $4,943 more tax |
|
100,000+ |
54 |
200,000 |
44.90 |
89,800 |
138,000 kiwis will average $16,717 more tax |
- No tax on the first $10,000 means that all on that income will keep the $1530 they pay at present; super and benefits will be adjusted to give those receiving them the full value of our tax cuts plus some extra for married couples
- The 67% of New Zealanders under $41,000 will pay less tax