Peter Dunne is once again touting his plans to introduce income splitting.
It’s a policy aimed at helping out the wealthy. New Zealand Institute of Economic Research senior economist Patrick Nolan tells us that “80% of the tax gains of income-splitting would go to the top 20% of taxpayers”.
Dunne was reportedly “not bothered” by the criticism that top earners would do best out of the policy.
No surprise there.
Remember that Dunne’s tiny party hangs on to power only because of his safe seat of Ohariu – coincidently, an electorate with the highest median personal income levels in the country and the fifth highest family incomes.