web analytics

National supports 47% tax rate for top income bracket *

Written By: - Date published: 7:21 am, July 5th, 2019 - 25 comments
Categories: australian politics, making shit up, national, same old national, Simon Bridges, spin, tax, uncategorized, you couldn't make this shit up - Tags:

I know the heading is a bit naughty.  National has not actually said that it wants a top tax rate of 47% for the most wealthy.  But it has praised changes to the Australian tax system where this is the result and implied that New Zealanders will emigrate because of this and maybe it should reflect on this before pumping out tax reduction good propaganda.

National put this post up with the headline “Australia enjoys the tax relief we should’ve had”.

Well yes a few would agree that a top tax rate of 47% for income over $200,000 (including Medicare levy) was a good thing.  It is just that I can’t understand why National would concur.

According to failed electorate candidate Paul Goldsmith:

New Zealanders will today be looking across the ditch where low and middle-income Australians are about to receive just over a thousand dollars a year in tax relief, National’s Finance spokesperson Paul Goldsmith says.

“Australia’s Government made relief for hardworking taxpayers its first priority after the election. The legislation will pass through the Senate today. Our Government’s first priority was cancelling our tax relief package.

“The only exports this Government is directly increasing through its policies are New Zealanders to Australia. New Zealanders are over-taxed and underwhelmed by this Government.

I mean does he think we are that stupid? That we will accept news about a marginal shift in tax rates and not look at what is the underlying result?  That people will want to emigrate to another country where the top tax rate is, checks notes, significantly higher than our top tax rate?

And what is going on?  The Socialist Government of Aotearoa New Zealand has a top tax rate of 33% and the right wing uber capitalist Rupert Murdoch advance Australia unfair country to the west of us has a much higher tax rate?  Shouldn’t it be the other way around?

Good old National.  Always pushing the greed button and not worrying that it may also be hitting the stupid button.

25 comments on “National supports 47% tax rate for top income bracket * ”

  1. Sanctuary 1

    My first observation is we need to challenge the inherent bias of any journalist or commentator who uses the phrase "tax relief."

  2. tc 2

    Worth noting the flip flop oz labor performed on passing it through the lower house.

    The campaign they just lost had them opposing it. Goldsmith's first swing and miss, or has he had a few already.

    Wading ankle deep across the national talent pool with goldy boy. Not much to best there luxo.

  3. Gosman 3

    Ummm… except the Coalition in OZ is not RAISING taxes. It is cutting them for everyone but targeting lower and middle income people. That is the point National is making which I think you are well aware.

    • mickysavage 3.1

      Can you reconcile Australia having a much higher tax rate and (gasp) a capital gains tax with National’s claim people will be emigrating because New Zealand taxes them too much?

      • Gosman 3.1.1

        I can reconcile their claim that LOWERING taxes for the sort of incomes many NZers would likely get if they moved to Australia makes that country more attractive to potential migrants.

        • mickysavage 3.1.1.1

          So capital gains taxes will be of no concern?

          • Gosman 3.1.1.1.1

            Not for the average Kiwi migrant. Your argument is silly. It would be like trying to argue that Australians who move here or Kiwis who move back here are happier with a more comprehensive GST at a higher rate. What might influence them is if NZ cut GST even if it was still higher than the Australian rate. That changes the dynamic in relation to deciding which country offers a better option for someone.

            • Craig Glen Eden 3.1.1.1.1.1

              Gosman you say MickeySavages points/arguments are silly you might want to read your own shit. Buggar me

        • Enough is Enough 3.1.1.2

          I think it is the new expansion in mining that will be attracting lots of young Kiwis across the Tasman. High paying jobs.

          I don't think many people look at the tax rates to be honest.

          • Muttonbird 3.1.1.2.1

            I agree. It's wrong-headed to believe GST rates and income tax bands are the diving force behind decisions on moving to Australia or back.

            Wage rates, jobs, living costs and lifestyle are the drivers and it shows a disconnect with working people for Gosman to suggest otherwise.

            • Gosman 3.1.1.2.1.1

              Doesn't the rate of GST impact living costs?

            • Shadrach 3.1.1.2.1.2

              Sounds like you’re assuming working people are too stupid to consider what their net income will be before making a decision to move across the ditch. They most certainly are not.

  4. patricia bremner 4

    Australian tax cuts are to stimulate their flagging economy, and the Aussies have cut interest rates to 1%. They are in a real dilemma, if this doesn't work.

    Alongside that Australian farmers are not allowed to use any water from the Murray river, and are close to walking off farms as costs of trucked water soar,

    The news over here is a million Australian children are living in poverty.

    Many Aussies are telling of hardship as the Governments since the GFC have not built Social Housing, and many people can't afford rents in the private sector, and the variation in their work hours means they can't get a loan to buy into their own home.

    Any worker with full time hours and a good contract is ok, but don't change jobs or you lose all the security.

    Our son lives here and is cat 3 waiting up to 12 months for gall bladder removal, while on two yearly checks for cancer because he has a precancerous bowel condition.
    So they too are overwhelmed by an aging population, and a competing private sector in health.

    Paradise is an illusion, Goldsmith is a canting fool.

  5. Muttonbird 5

    It shouldn't be forgotten this $1000/year tax relief also goes to the already wealthy and ultra wealthy (despite this latter group often showing no income at all).

    I'd argue that is extremely poorly targeted use of money and in effect only increases inequality because wealthier people have more opportunities to make that extra money work rather than having it swallowed up by inflationary increase in basic necessities.

    • indiana 5.1

      Argue all you want, but that's how a progressive tax system works.

      "because wealthier people have more opportunities to make that extra money work rather"

      I know many formerly low wage income earners that have mad their money work and now they are they very people that get vilified for getting rich.

      • greywarshark 5.1.1

        Mad money indiana – it certainly does drive us that way. When the only ones who get plenty are the ones who have already achieved plenty – that does seem mad.

  6. Paul Campbell 6

    Don't forget the Aussie ~5% (different from state to state) state payroll tax …. it's pulled from your employer based on your gross income – it pays for schools, police etc – so if you're comparing apples and apples it's ~52% not 47%

  7. Fireblade 7

    The replies to Simon's tweet are hilarious.

  8. Peter 9

    The heading is a bit naughty? You mean it's a Kiwiblog style heading?

  9. SPC 10

    The Chipmonks Simon, Theodore and Alvin/Alwyn.

  10. Exkiwiforces 11

    The tax cuts are in Oz are bit of joke sadly, as those on the higher tax bracket will do better in the longer term when tranches 2 and 3 come in effect later on. Where as I’m on a service pension who after 40 wks has had my DVA pension cut by 75%, but ComSuper pension is still at the same rate and the wife is in the NTG public service which is facing cuts and possible pay freeze so we lose in the longer term.

    As I said the tax cuts are joke and given the state of the Oz economy overall which is very weak regardless of the iron ore prices atm which is keep Oz from being in red. These tax cuts should’ve been ploughed into federal infrastructure funding to kickstart the building and manufacturing sectors which starting to slow down. The State of NSW’s has been spending up large in infrastructure from roads to rail and other important infrastructure etc both within Sydney itself and regional NSW over the last decade. There are more trains running now in terms of pax and freight with further regional and intercity trains to come. As most of all of the states just seem to talk about infrastructure with possibly exception of Victoria if Dan Andrews can pull his finger out of digit.

    I wouldn’t be surprised if most of these tax cuts are spent on paying off loans and mortgages considering the awful low interest rates atm and just like Rudd’s splash for cash we use that money to pay down our two mortgages while we living in Melbourne in a Defence house. We are going to the same again and if clowns think we are going to spend on other things they going to be very sorry they didn’t fund infrastructure projects as the ARB Chairman want this instead of these tax cuts.

    • greywarshark 11.1

      Oz voters might be sorry that they didn't vote Labour in. Then the Opposition could have revealed what they knew they should have been doing as they lambasted Labour for not doing it.

  11. SPC 12

    Labour has three choices – given $70,000 is too low for a top tax rate

    1. increase the top rate threshold to $100,000 – and apply 33 cents from there. TAX REVENUE LOSS

    2. keep the 33 cent rate where it is and introduce a 35 cent top rate at 100,000 TAX REVENUE GAIN

    3. do both. increase the 30 cent rate to 100,000 and apply a top rate of above $100,000 of 35-40 cents to that afford the cost of that (what would make it tax revenue nuetral) . TAX REVENUE NUETRAL

  12. Infused 13

    Most people would support another tax bracket if the others were lowered

Recent Comments

Recent Posts

  • Equitable response to Omicron vital
    The Green Party supports the Government’s decision to move Aotearoa New Zealand to traffic light level Red at 11.59pm tonight, but says its success will depend on the support that is made available to the most vulnerable. ...
    10 mins ago
  • How we’re preparing for Omicron
    As countries around the world experience Omicron outbreaks, we’re taking steps now to ensure we’re as prepared as possible and our communities are protected. ...
    3 days ago
  • What’s Labour achieved so far?
    Quite a bit! This Government was elected to take on the toughest issues facing Aotearoa – and that’s what we’re doing. Since the start of the pandemic, protecting lives and livelihoods has been a priority, but we’ve also made progress on long-term challenges, to deliver a future the next generation ...
    1 week ago
  • Tackling the big issues in 2022
    This year, keeping Kiwis safe from COVID will remain a key priority of the Government – but we’re also pushing ahead on some of New Zealand’s biggest long-term challenges. In 2022, we’re working to get more Kiwis into homes, reduce emissions, lift children out of poverty, and ensure people get ...
    2 weeks ago

  • New Zealand to provide further help for Tonga
    Aotearoa New Zealand is giving an additional $2 million in humanitarian funding for Tonga as the country recovers from a volcanic eruption and tsunami last weekend, Foreign Affairs Minister Nanaia Mahuta and Defence Minister Peeni Henare said today. This brings Aotearoa New Zealand’s contribution to $3 million. “This support will ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Quarterly benefit numbers show highest number of exits into work
    The Government’s strong focus on supporting more people into work is reflected in benefit figures released today which show a year-on-year fall of around 21,300 people receiving a main benefit in the December 2021 quarter, Minister for Social Development and Employment Carmel Sepuloni said. “Our response to COVID has helped ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Northland to move to Orange, NZ prepared for Omicron 
    Northland to move to Orange Rest of New Zealand stays at Orange in preparedness for Omicron All of New Zealand to move into Red in the event of Omicron community outbreak – no use of lockdowns Govt planning well advanced – new case management, close contact definition and testing rules ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • RNZAF C-130 Hercules flight departs for Tonga as Navy vessels draw nearer to Tongatapu
    A Royal New Zealand Air Force C-130 Hercules has departed Base Auckland Whenuapai for Tonga carrying aid supplies, as the New Zealand aid effort ramps up, Foreign Affairs Minister Nanaia Mahuta and Defence Minister Peeni Henare said today. “The aircraft is carrying humanitarian aid and disaster relief supplies, including water ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • New Zealand prepared to send support to Tonga
    New Zealand is ready to assist Tonga in its recovery from Saturday night’s undersea eruption and tsunami, Foreign Affairs Minister Nanaia Mahuta and Defence Minister Peeni Henare said today. “Following the successful surveillance and reconnaissance flight of a New Zealand P-3K2 Orion on Monday, imagery and details have been sent ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Aotearoa New Zealand stands ready to assist people of Tonga
    The thoughts of New Zealanders are with the people of Tonga following yesterday’s undersea volcanic eruption and subsequent tsunami waves, Foreign Affairs Minister Nanaia Mahuta says. “Damage assessments are under way and New Zealand has formally offered to provide assistance to Tonga,” said Nanaia Mahuta. New Zealand has made an ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Record high of new homes consented continues
    In the year ended November 2021, 48,522 new homes were consented, up 26 per cent from the November 2020 year. In November 2021, 4,688 new dwellings were consented. Auckland’s new homes consented numbers rose 25 per cent in the last year. Annual figures for the last nine months show more ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Report trumpets scope for ice cream exports
    Latest research into our premium ice cream industry suggests exporters could find new buyers in valuable overseas markets as consumers increasingly look for tip top quality in food. Economic Development Minister Stuart Nash has released a new report for the Food and Beverage Information Project. The project is run by ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Honouring the legacy of legendary kaumātua Muriwai Ihakara
    Associate Minister for Arts, Culture, and Heritage Kiri Allan expressed her great sadness and deepest condolences at the passing of esteemed kaumātua, Muriwai Ihakara. “Muriwai’s passing is not only a loss for the wider creative sector but for all of Aotearoa New Zealand. The country has lost a much beloved ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Have your say on proposed changes to make drinking water safer
    Associate Minister for the Environment Kiri Allan is urging all New Zealanders to give feedback on proposed changes aimed at making drinking water safer. “The current regulations are not fit for purpose and don’t offer enough protection, particularly for those whose water comes from smaller supplies,” Kiri Allan said. “This ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Planting the seeds for rewarding careers
    A boost in funding for a number of Jobs for Nature initiatives across Canterbury will provide sustainable employment opportunities for more than 70 people, Conservation Minister Kiri Allan says. “The six projects are diverse, ranging from establishing coastline trapping in Kaikōura, to setting up a native plant nursery, restoration planting ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • New Zealand congratulates Tonga's new Prime Minister on appointment
    Minister of Foreign Affairs Nanaia Mahuta today congratulated Hon Hu'akavameiliku Siaosi Sovaleni on being appointed Prime Minister of the Kingdom of Tonga. “Aotearoa New Zealand and Tonga have an enduring bond and the Kingdom is one of our closest neighbours in the Pacific. We look forward to working with Prime ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • High-tech investment extends drought forecasting for farmers and growers
    The Government is investing in the development of a new forecasting tool that makes full use of innovative climate modelling to help farmers and growers prepare for dry conditions, Agriculture Minister Damien O'Connor said.  The new approach, which will cost $200,000 and is being jointly funded through the Ministry for ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Support for fire-hit Waiharara community
    The government will contribute $20,000 towards a Mayoral Relief Fund to support those most affected by the fires in Waiharara in the Far North, Minister for Emergency Management Kiri Allan says. “I have spoken to Far North Mayor John Carter about the effect the fires continue to have, on residents ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • Manawatū’s ‘oases of nature’ receive conservation boost
    The Government is throwing its support behind projects aimed at restoring a cluster of eco-islands and habitats in the Manawatū which were once home to kiwi and whio. “The projects, which stretch from the Ruahine Ranges to the Horowhenua coastline, will build on conservation efforts already underway and contribute ...
    BeehiveBy beehive.govt.nz
    3 weeks ago
  • New Zealand to continue Solomon Islands support
    A New Zealand Defence Force and Police deployment to help restore peace and stability to Solomon Islands is being scaled down and extended. The initial deployment followed a request for support from Solomon Islands Government after riots and looting in capital Honiara late last month. They joined personnel from Australia, ...
    BeehiveBy beehive.govt.nz
    3 weeks ago