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Now, the very wealthy in New Zealand pay just an 8.1 percent effective tax rate on their comprehensive income – less than half the 17.4 percent effective tax rate paid by middle New Zealand. Yet it’s middle New Zealand who will vote, and pay, to maintain this seemingly unfair status quo.

Tayla Forward laughs. She’s found herself unexpectedly at the centre of this election campaign, every time she passes an Opportunity billboard. “The Opportunity Party wants to run me so bad. All of their signs say not left, not right, but ‘forward’. I will never go into politics, but I’ve got the name for the signs!”

This week she finds herself at the centre of the campaign in a more meaningful way. The political economist has published a report – an extension of Inland Revenue’s big High-wealth Individuals Research Project in 2023 – that shows how much more untaxed wealth has concentrated in the hip pockets of NZ’s wealthiest people.

Now, the very wealthy in New Zealand pay just an 8.1 percent effective tax rate on their comprehensive income – less than half the 17.4 percent effective tax rate paid by middle New Zealand. Yet it’s middle New Zealand who will vote, and pay, to maintain this seemingly unfair status quo.

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Image by Tumisu from Pixabay