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New Zealand scraps world-first smoking ‘generation ban’ to fund tax cuts
(www.theguardian.com)
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this post was submitted on 27 Nov 2023
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This headline SCREAMS 'conservative':
You know the tax cuts are for the bottom 3 tax brackets, don't you?
@Amazinghorse that's not really true. It won't affect the bottom tax bracket. National have been pitching it as a tax cut for "middle income earners".
I just went and played around with their tax calculator and low income earners get almost nothing compared to wealthier people.
From memory minimum wage earners get something like $25 per week, which I know isn't much. Middle income earners ($120k+ combined) get $120 per fortnight back. People earning over $80k don't get any additional cuts.
Their policy specifically states tax cuts for the bottom 3 brackets. I don't know why the calculator isn't showing any cuts for min wage.