National's ACTUAL tax proposal 31 Aug. (not the spin).
Quote: “A couple, without children, earning üp to $120k PA” (ie $119,999 PA jointly or $60k each) would get an extra $100 per fortnight”.
It's actually only $60.76 /fn !! That's a $1020 pa “HOLE”. (Here's the maths.)
Existing Thresholds
First $14,000 @ 10.5% =$1470
Then $34,000 (to $48,000) @ 17.5% =$5950
Then $12,000 (to $60,000) @ 30% = $3600
Total Tax paid each =$11,020
National's, proposal
First $15,600 @ 10.5% =$1638
Then $37,900 (to $53,500) @ 17.5% = $6632
Then $6500 (to $60,000) @ 30% = $1950
Total Tax paid each =$10,220
ACTUAL SAVINGS =$800PA (each $30.76/fortnight) or $61.53/fn for a couple - NOT $100
“A superannuant couple ($22,869ea X 2) up to $26 boost “ It's ACTUALLY only $8.61 /fn !! That's a $452 pa “HOLE” !
Existing Thresholds
First $14,000 @ 10.5% =$1470
Then $8869 @ 17.5% =$1552
Total Tax paid each =$3022
National's, proposal
First $15,600 @ 10.5% =$1638
Then $7269 @ 17.5% = $1272
Total Tax paid each =$2910
ACTUAL SAVINGS =$112 PA (each $4.30/fortnight) or $8.61/fn for a couple. NOT $26.
When you think about the cuts (austerity) that will be needed. It's actually pretty underwhelming and insulting.
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Some Choice News!
Many New Zealand gardens aren’t seeing as many monarch butterflies fluttering around their swan plants and flower beds these days — the hungry Asian paper wasp has been taking its toll.
Thanks to people like Alan Baldick, who’s made it his mission to protect the monarch, his neighbours still get to enjoy these beautiful butterflies in their own backyards.
Thinking about planting something to invite more butterflies, bees, and birds into your garden?
Thanks for your mahi, Alan! We hope this brings a smile!
Scam Alert: Fake information regarding December Bonuses from MSD
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