Here are graphs of the portion of income going on tax and the portion of reduction in tax for Kiwis under the Budget’s cuts, with the population in each $10,000 bracket.
As you can see, the biggest percent reductions go to the bulk of the population. And everyone is paying at least 10% less tax by 2011. Most people are paying over 20% less.
It’s worth noting that, while John Key who is worth millions, smirks that $22 a week for the median income earner is only ‘a couple of blocks of cheese’, it’s also two hours work on the minimum wage, or four hours on the minimum wage under National.
Also, note these graphs don’t include the increases in Working for Families. There is a calculator here that lets you work out your cuts including WfF.
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