FFS leave GST alone Chippy

[Lilith7]

Thanks for the data dken31. I hope that now, OHH will show her data to back up her words. 

https://www.treasury.govt.nz/publication...ion-wealth

https://www.beehive.govt.nz/release/ird-...er-earners

https://www.rnz.co.nz/news/national/4887...ird-report

https://www.interest.co.nz/personal-fina...-kiwis-pay

 That seems clear enough.

"A report prepared on behalf of the Government says high wealth families pay a median effective tax rate of just 8.9%, as they earn significant income from untaxed capital gains.  

The High-Wealth Individuals Research Project was conducted by Inland Revenue to fill a data gap in tax records and was released on Wednesday morning. 
Revenue Minister David Parker said there was accurate data on the wealth of more than 90% of New Zealand’s population from household surveys, but little information on the total income of the wealthiest families and the taxes they paid. 
IRD was given the funding and legal powers in 2021 to compel high wealth individuals to respond to a survey of their income and taxes in order to fill this knowledge gap. Parker said the study found high-wealth individuals collected roughly 80% of their income from capital gains and were paying half the tax rate of middle-income New Zealander."