The Greens wealth tax

[Olive]

....our house had a value of $1.2M 18 months ago. For us to find $25,000 for tax on that would be a dream! So many people are sitting on a market driven high value assets without having a lot of cash in the bank.

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The wealth tax kicks in at $2m NET assets (or $4m NET for a couple).   Most family homes, even in Auckland, are valued at less than $2m, and most are subject to mortgages securing loans,.  The policy is not targeting the general population who own one home.