Your Centre for New Zealand News

Join the Newsletter

Māori Party policy will result in less revenue from high wealth NZers

Breaking Views, summarised by Centrist

Let’s say you have $50 million of assets and you get a 6% return on those assets. Your income is $3 million a year.

Currently you pay income tax of $1,150,120. That leaves you $1,849,880. So their overall tax rate is 38%.

The Māori Party Policy taxes would be:

  • Income tax of $1,395,900 or 47%
  • Asset tax of $3,460,000 or 115%
  • Total tax of $4,855,900 or 162%

Why would high wealth people stay in NZ?

Read more over at Breakingviewsnz

Enjoyed this story? Share it around.​

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Read More

Watch

Chris Luxon on cigarette black market claims | TVNZ Breakfast
Listen to new National MP James Meager's maiden speech to Parliament

Listen

NEWS STORIES

Sign up for our free newsletter

Receive curated lists of news links and easy-to-digest summaries from independent, alternative and mainstream media about issues affect New Zealanders.

FEATURED TOPICS

Sign up for our free newsletter

Receive curated lists of news summaries from independent, alternative and mainstream media about issues affecting New Zealanders.

You’ll also receive our NZ News Essentials newsletter. You can unsubscribe from either at any time.