It’s even worse!

No Right Turn has of course come out in favour of over taxing New Zealanders so it can equalise incomes.

He provided a link to a Herald table which made me realise it ws even worse than first thought.

Not only is there now only a $2,376 net income difference for families who earn $22,000 more, it is only $2,856 for a huge $32,000 income difference.

So what does this effective marginal tax rate of 91.1% do.

Well if you are on $38,000 and your partner gets offered a 40 hour a week job earning $32,000, then it will mean only $11 a day extra income. On an hourly rate that will be $1.38 an hour you keep of the $16 an hour you earn.