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The Greens' proposed wealth tax would catch WAY more than 6% of Kiwis.
Over 20% aged 66-69 have over $1m in net wealth. Somewhere between a fifth and a quarter of Kiwis should expect to be liable, if the thresholds adjust with inflation.
https://www.newsroom.co.nz/pro/the-first-casualty-of-tax-squabbles
Over 20% aged 66-69 have over $1m in net wealth. Somewhere between a fifth and a quarter of Kiwis should expect to be liable, if the thresholds adjust with inflation.
https://www.newsroom.co.nz/pro/the-first-casualty-of-tax-squabbles
The numbers are from a customized data pull from StatsNZ.
The raw stats and their caveats (there will be wide confidence intervals in small breakdowns from HES) are all here. https://drive.google.com/file/d/1mTNhcym5skuOqP1TjJQRYsNcZQHSA-Dw/view?usp=sharing
The raw stats and their caveats (there will be wide confidence intervals in small breakdowns from HES) are all here. https://drive.google.com/file/d/1mTNhcym5skuOqP1TjJQRYsNcZQHSA-Dw/view?usp=sharing
The point here is that wealth has a life cycle. A tax that won't affect you when you're 30 could have a good chance of catching you when you're 67.
Like, if I proposed cutting NZ Super in half and claimed it only affected a small proportion of NZ, you'd see the problem right?
Like, if I proposed cutting NZ Super in half and claimed it only affected a small proportion of NZ, you'd see the problem right?
