Scoop has an Ethical Paywall
Licence needed for work use Learn More

Local Govt | National News Video | Parliament Headlines | Politics Headlines | Search

 

The First Day Of The Year Taxpayers Get To Work For Themselves

Tax Freedom Day will fall at 02:17am Sunday 26th May this year, which means that every cent taxpayers have earnt so far in 2024 has taken by the government in tax. Almost 5 months into the year, Monday 27th May is the first full day where Kiwis get to know that they’re working for themselves and not the government.

Commenting on this, Taxpayers’ Union Policy and Public Affairs Manager, James Ross, said:

“When income tax brackets were last adjusted for the vast majority of Kiwis in 2010, Tax Freedom Day would’ve fallen on 18th May. Thanks to bracket creep, Kiwis are now paying with an extra week of their lives every year to prop up a seriously over-bloated bureaucracy.

“Tax Freedom Day keeps slipping back because the average Kiwi is now paying $49 more in income tax than they were when they last had any say in their tax rates. Kiwis need tax relief, but anything less than $49 a week is simply short-changing them.

“Nicola Willis needs to wind the clock back and start moving Tax Freedom Day in the right direction again. It’s time for the Government to get serious about slashing waste to deliver the tax relief promised to New Zealand.”

Advertisement - scroll to continue reading

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 
 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured News Channels


 
 
 
 

Join Our Free Newsletter

Subscribe to Scoop’s 'The Catch Up' our free weekly newsletter sent to your inbox every Monday with stories from across our network.