Alliance Tax Tables

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, http://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
Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s