[mathmussim]

A general question on taxes -- How many different types of taxes (and approx. how much for each) does one expect to pay in New Zealand? US federal income taxes top out ~28%, but there is also state tax, social security, and medicare, etc. Property taxes in the US vary widely depending on where you live.

John

[Danpoll]

I know its 19% on your first 38K NZ a year then 28% after that I believe,

[veronica]

As I understand it the social security is included in the tax amount but there is also GST (general sales tax) on everything you buy too, and rates on your house. There are probably some others too but that is what I know about.

[Robert Dazzler]

For income tax rates go to.... http://www.ird.govt.nz/itaxsalaryandwage/incometaxrates.html

Bobby.

[Arlevien]

For income tax rates go to.... http://www.ird.govt.nz/itaxsalaryandwage/incometaxrates.html

Bobby.

Excellent link Rob. Thanks.

[kiwi]

As you can see...we dont earn too much us Kiwi's!

Current personal tax rates

* 19.5c per $1 on income up to $38,000

* 33c per $1 on income between $38,000 and $60,000

* 39c per $1 on income over $60,000

What we earn

Average individual wage earnings:

Full-time earner $39,627

Part-time earner $14,576

Average family gross income (including from benefits):

Couple with children $73,929

Couple with no children $62,390

Sole parent $24,163

Source: Budget 2003

Tax: who pays what

Individual taxable income (including super and other benefits) with the number of earners, and percentage of workforce in brackets

$0 - 170,000 (6%)

$1-$10,000 - 557,000 (19%)

$10-$20,000 - 869,000 (30%)

$20-$30,000 - 360,000 (12%)

$30-$40,000 - 341,000 (12%)

$40-$50,000 - 215,000 (7%)

$50-$60,000 - 130,000 (4%)

$60-$70,000 - 94,000 (3%)

$70-$100,000 - 109,000 (4%)

$100,000+ - 71,000 (2%)

Source: Budget 2003

[mathmussim]

Thanks for the info. It's amazing that so many folks in New Zealand own their houses! Real estate value doesn't seem to match salaries.