Before you carry on reading, I need to warn you: Â this is going to hurt your head:
MANA Movement Economic Justice spokesperson John Minto is calling for a radical overhaul of New Zealandâ€™s taxation system with calculations showing that a minimum wage worker pays a ten times higher tax rate than the Prime Minister.
Minimum wage worker 28% tax
Prime Minister 2.8% tax
The minimum wage worker on 40 hours per week earns $29,640 and pays $4,207 in income tax and $4,149.60 in GST giving a total tax of $8,356.60 or 28% of income.
On the other hand the Prime Minister earns $428,000 from his PMâ€™s salary along with this yearâ€™s $5,000,000 increase in his wealth (according to NBRâ€™s rich list) which gives him a total income of $5,428,000. On this total income he pays just $132,160 in income tax and approximately $21,400 in GST giving a total tax of $153,560 or 2.8% of income.
This is a national embarrassment. Those least able to pay are under a heavy tax burden while the super-rich pay peanuts.
The National government and its attack bloggers refer to the working poor as scum, bludgers and ferals but itâ€™s clear the real problem is with the top 1% of income earners who get all the benefits of taxpayer funded facilities and services but donâ€™t pull their weight paying for them.
Cleaners, fast-food workers, hospitality workers and security guards are all heavily subsidising the lifestyles of the superrich.
These figures show we need an overhaul of our tax system so the Prime Minister and his rich-list colleagues pay their fair share.
Actually, only oneÂ attack blogger refers to the working poor as scum, bludgers and ferals. Â I have yet to see the Government use those words. Â And no, I’m not “theirs”. Â I can assure you, they have no control over me. Â Nobody does. Â Read more »