Election year:
2023
Political party:
Green Party
Associated politicians:
Policy:
Income Tax
- Ensure that tax policy contributes to the overall quality of life of New Zealanders and the sustainable development of Aotearoa New Zealand.
- Ensure that taxes come from a broad base, including personal and business income taxes that reward sustainable human activity and enterprise.
- Ensure that those in society who have the least ability to pay income tax pay the least as a proportion of their income, while those who can pay more do so.
- The tax rate will be 0% for those that have an income between $0 - $10,000.
- The tax rate will increase to 17% for those that have an income between $10,000 - $50,000
- The tax rate will increase to 30% for those that have an income between $50,000 - $75,000.
- The tax rate will be 35% for those who have an income between $75,000 and $120,000 per year.
- The tax rate will be 39% for those that have an income between $120,000 and $180,000 per year.
- The tax rate will be 45% for those that have an income above $180,000 per year.
- Read more here and here