Aussies slash tax rates

Australian Treasurer has slashed the rates at which Australians will pay tax and at the same time increased the thresholds.
 
$10000-$25000 = 15%
$25001-$75000 = 30%
$75001-$150000 = 40%
$150001+ = 45%
GST = 10% (many exemptions)
 
Compare that with NZ.
 
$0-$38,000 = 19.5%
$38,000-$60,000 = 33%
$60,000+ = 39%
GST = 12.5% (no exemptions)
 
So, in all there is now a major incentive now for the so-called high income earners to move across the Tasman.
 


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