More tax tracking

Maxim has done some tax tracking scenarios, for four different people or households. They are:

• Minimum wage earner
• Median income earner
• Median income household
• High income household

The minimum wage earner pays an average 13.5% tax being $3,320. The high income household pays $33,240 tax. Some of the breakdown of what that goes on is:

• NZ Super $4,745
• Family Tax Credits $995
• DPB $857
• Invalids $622
• Accom Supp $580
• DHBs $5,611
• Primary schools $1,355
• Tertiary tuition $1,121
• Secondary schools $1,010
• ECE $653
• Student loans $330
• Tertiary allowances $289
• Defence $926
• KiwiSaver $332
• Debt $1,748