veronica
Valued Member
Joined: 17 Dec 2003
Posts: 142
Location: christchurch
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Posted: Sun May 09, 2004 4:58 pm Post subject: tax and earnings statistics |
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Just picked up this in an article in the NZ Herald.
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 |
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