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