Tax Inequality: Who really pays their fair share?
The Taxpayers’ Union has released Tax Inequality: Who really pays their fair share?, a battle sized handbook exposing who actually carries their share of New Zealand’s tax burden.
The handbook shows how unfair and disproportionate New Zealand’s tax system is on higher earners.
The handbook shows how unfair and disproportionate New Zealand’s tax system is on higher earners.
- The top 20 percent pay nearly two-thirds of all personal income tax.
- The top 10 percent pay more than the bottom 80 percent combined.
- And the top 1 percent contribute more than the entire bottom half of taxpayers.
Taxpayers’ Union spokesperson Tory Relf said:
“Politicians like Chlöe Swarbrick push a myth that successful New Zealanders are not paying their fair share. The evidence tells the opposite story.”
"The truth is that wealth taxes, capital gains taxes, inheritance taxes, and higher income tax rates are harder to justify if politicians were truthful about how the tax system works right now."
“People can debate whether the rich should pay even more, but they cannot honestly pretend they are not already paying the most. Just 46,939 taxpayers pay more income tax than 2.35 million people combined.”
“The same is true with GST, where higher-income households pay disproportionately more. The top 20 percent account for more than a third of the total GST take, compared with just 10 percent from the bottom fifth of households.”
“The relative efficiency of New Zealand’s tax system is one of our greatest economic draw-cards. Politicians should think very carefully before piling even more tax on work, saving, investment, and enterprise chasing a problem the evidence shows does not exist.”
“Politicians like Chlöe Swarbrick push a myth that successful New Zealanders are not paying their fair share. The evidence tells the opposite story.”
"The truth is that wealth taxes, capital gains taxes, inheritance taxes, and higher income tax rates are harder to justify if politicians were truthful about how the tax system works right now."
“People can debate whether the rich should pay even more, but they cannot honestly pretend they are not already paying the most. Just 46,939 taxpayers pay more income tax than 2.35 million people combined.”
“The same is true with GST, where higher-income households pay disproportionately more. The top 20 percent account for more than a third of the total GST take, compared with just 10 percent from the bottom fifth of households.”
“The relative efficiency of New Zealand’s tax system is one of our greatest economic draw-cards. Politicians should think very carefully before piling even more tax on work, saving, investment, and enterprise chasing a problem the evidence shows does not exist.”
Hard copies are available on request.
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