Wednesday, February 25, 2009

Yep…. pretty much as taxing

As suspected, from Prof Sinclair Davidson’s 2005 study……

In 2004-05, the top 2.58 percent of taxpayers paid 24.07 percent of personal income tax. This is 9.33 times more in tax than their population share. Various studies show that between 40 and 60 percent of households receive more in government benefits than they pay in tax.

The US number refers to all tax while the NZ number is for income tax only. Adding in tax outside of income for NZ would skew the numbers further in the direction of the US.

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