Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

250,000 Kiwis now pay 39-cent tax rate

250,000 Kiwis now pay 39-cent tax rate

Thursday 2 Dec 2004

Rodney Hide - Press Releases - Other

ACT Leader Rodney Hide today asked the Finance Minister to drop his dopey 39-cent tax rate and give a Christmas bonus to the 250,000 full-time workers now forced to pay it.

In a question from Mr Hide, Dr Cullen revealed that Treasury estimates that 22% of full-time workers will pay the 39-cent tax in the 2004/05 financial year. This is up from 15%, or 150,000 people, in the 1999/2000 financial year.

"When Labour hiked up the top tax in 1999 it promised it would affect only 5% of all taxpayers. But Treasury now estimates that a staggering 250,000 people pay this unnecessary and confiscatory tax rate.

"The time is now right for Labour to ditch this envy tax on success. It would be a significant Christmas bonus from a man who is increasingly looking like Scrooge. But Dr Cullen would rather swim awash in taxpayer cash than give any hard-working New Zealander a Christmas bonus," said Mr Hide.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Veronika Meduna: The Kaikoura Rebuild

A Scoop Foundation Investigation

Friday will be a big day for people north of Kaikōura – and for hundreds of construction workers who are racing to reopen State Highway 1 in time for the holiday season.

By the afternoon, the South Island’s main transport corridor will be open to traffic again, more than a year after a magnitude 7.8 earthquake mangled bridges and tunnels, twisted rail tracks and buried sections of the road under massive landslides. More>>

 

BPS HYEFU WYSIWYG: Labour's Budget Plans, Families Package

“Today we are announcing the full details of the Government’s Families Package. This is paid for by rejecting National’s tax cuts and instead targeting spending at those who need it most. It will lift 88,000 children out of poverty by 2021." More>>

ALSO:

Gordon Campbell: On Defence Spending, Alabama, And Dolly Parton

The spending lavished on Defence projects to meet the risks that could maybe, possibly, theoretically face New Zealand in future is breath-taking, given how successive governments have been reluctant to spend even a fraction of those amounts on the nation’s actual social needs. More>>

ALSO:

Members' Bills: End Of Life Choice Bill Passes First Reading

The End of Life Choice Bill in the name of David Seymour has been sent to a select committee for consideration by 76 votes to 44. It is the third time Parliament has voted on the issue in recent decades and the first time such a Bill has made it over the first hurdle. More>>

ALSO:

State Sector: MPI Survives Defrag Of Portfolios

The Ministry for Primary Industries will not be split under the new government, but will instead serve as an overarching body for four portfolio-based entities focused on fisheries, forestry, biosecurity and food safety. More>>

ALSO:

Gordon Campbell: On Vulnerable Kids, RNZ Funding, And Poppy

The decision to remove the word ‘vulnerable’ from the Ministry for Vulnerable Children could well mark a whole shift in approach to the care of children in need... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages