“The minimum wage worker on 40 hours per week earns $29,640 and pays $4,207 in income tax and $4,149.60 in GST giving a total tax of $8,356.60 or 28%of income”, said John Minto, MANA Movement Economic Justice Spokesperson. “On the other hand the Prime Minister earns $428,000 from his PM’s salary along with this year’s $5,000,000 increase in his wealth (according to NBR’s rich list) which gives him a total income of $5,428,000. On this total income he pays just $132,160 in income tax and approximately $21,400 in GST giving a total tax of $153,560 or 2.8% of income”, said Minto. “This is a national embarrassment. Those least able to pay are under a heavy tax burden while the super-rich pay peanuts”. “The National government and its attack bloggers refer to the working poor as scum, bludgers and ferals but it’s clear the real problem is with the top 1% of income earners who get all the benefits of taxpayer funded facilities and services but don’t pull their weight paying for them”. “Cleaners, fast-food workers, hospitality workers and security guards are all heavily subsidising the lifestyles of the superrich”. These figures show we need an overhaul of our tax system so the Prime Minister and his rich-list colleagues pay their fair share. - See more at: livenews.co.nz/2014/08/26/how-much-tax-does-john-key-pay-compared-to-a-minimum-wage-worker-minto/#sthash.XpOY53i3.dpuf
Posted on: Tue, 26 Aug 2014 07:18:40 +0000
Trending Topics
Recently Viewed Topics
© 2015