42% of you bastards contribute nothing

 

nonewtaxes

The Government says its tax reforms are benefiting lower income households, and it’s got the figures to prove it.

Acting Finance Minister Steven Joyce has released new Treasury data showing the top 10 percent of households will pay 37.2 percent of total income tax this financial year, compared with 35.5 percent in 2007/08.

“This latest data confirms New Zealand’s income tax and support system significantly redistributes incomes to households in need,” he said.

“Higher income households are paying a larger share of income tax than they were in 2008, and lower income households are paying less – the 30 percent of households with the lowest incomes are forecast to pay just 5.4 percent of income tax compared with 6.3 percent in 2007/08.”

Mr Joyce says Treasury estimates that in the current financial year 42 percent of households will pay less in income tax than they receive from welfare benefits, Working for Families, superannuation and accommodation subsidies.

“For the 30 percent of households with the lowest incomes, the $1.7 billion of income tax they are expected to pay will be more than offset by the $10.6b they will receive in income support.”

Two out of every five households are bludging off the rest.  Troughing is an endemic problem.

 

– Newshub


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As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.

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