FFS leave GST alone Chippy

[Lilith7]

Thanks for the data dken31. I hope that now, OHH will show her data to back up her words. 

https://www.treasury.govt.nz/publication...ion-wealth

https://www.beehive.govt.nz/release/ird-...er-earners

https://www.rnz.co.nz/news/national/4887...ird-report

https://www.interest.co.nz/personal-fina...-kiwis-pay

 That seems clear enough.

"A report prepared on behalf of the Government says high wealth families pay a median effective tax rate of just 8.9%, as they earn significant income from untaxed capital gains.  

The High-Wealth Individuals Research Project was conducted by Inland Revenue to fill a data gap in tax records and was released on Wednesday morning. 
Revenue Minister David Parker said there was accurate data on the wealth of more than 90% of New ZealandÔÇÖs population from household surveys, but little information on the total income of the wealthiest families and the taxes they paid.┬á
IRD was given the funding and legal powers in 2021 to compel high wealth individuals to respond to a survey of their income and taxes in order to fill this knowledge gap. Parker said the study found high-wealth individuals collected roughly 80% of their income from capital gains and were paying half the tax rate of middle-income New Zealander."