Tax Brackets in New Zealand
New Zealand has the following income tax brackets (as of 1 October 2010). All values in New Zealand dollars, with the ACC Earners' levy not included.
- 10.5% up to $14,000
- 17.5% from $14,001 to $48,000
- 30% $48,001 to $70,000
- 33% over $70,000
- 45% when the employee does not complete a declaration form (IR330)
ACC Earners' Levy for the 2010 tax year is 2.0%, an increase from 1.7% in the 2008 tax year.
Read more about this topic: Tax Bracket
Famous quotes containing the words tax and/or zealand:
“I have no doubt that it was a principle they fought for, as much as our ancestors, and not to avoid a three-penny tax on their tea; and the results of this battle will be as important and memorable to those whom it concerns as those of the battle of Bunker Hill, at least.”
—Henry David Thoreau (1817–1862)
“Teasing is universal. Anthropologists have found the same fundamental patterns of teasing among New Zealand aborigine children and inner-city kids on the playgrounds of Philadelphia.”
—Lawrence Kutner (20th century)