Tax rates 2007-08 Australia versus NZ
GST in Australia is 10%.
GST in NZ is 12.5%
| Amount | Aus Rate | NZ Rate |
| $1 – $6,000 | Nil | 19.5 cents |
| $6,001 - $30,000 | 15 cents | 19.5 cents |
| $30,001 - $75,000 | 30 cents | 19.5 cents to 38K then 33 cents to 60K then 39 cents to 75K |
| $75,001 - $150,000 | 40 cents | 39 cents |
GST in Australia is 10%.
GST in NZ is 12.5%
Simplistic comparisons are often just that.
ReplyDeleteTo get a closer comparison, you need to add in to the Australian rates
Medicare levy - 1.5% of taxable income
Stamp duty that adds thousands of dollars to the price of houses, and hundreds to the price of cars.
Driver licences and car registrations that are about 15 times and 6-10 times respectively higher than NZ.
Government tax every time you deposit, withdraw or shuffle money in a bank account.
I earn $55k in NZ, and a year or so back did the sums on tax on that amount in Oz and NZ and when all the above factored in there was a difference of less than $100 cash in hand a year - about a packet of chewing gum, eh?
Although I WOULD be better off in Oz with access to Medicare.
Hey fugley fungus, nearly 30,000 have left this feminist cult country last year to settle in a more gender balanced and normalized society across the ditch .
ReplyDeleteThe sewage that you write is beyond belief !!
Fugley, the state deposit and withdrawal tax has been dropped.
ReplyDeleteWe have a ACC surcharge that impacts our wages like the Medicare levy (and Australia delivers better outcomes on their health spending as even you seem to agree)
Wages are typically higher than Kiwi equivalents (up to 30% in some industries) and the economy is growing faster (better fiscal management to my mind).
Aussies get 10% super packages that are taxed at 15% (puts KiwiSaver in perspective).
A year or so back was different tax scales - Australia has been adjusting them consistently down over the last few years.
The business tax rate is also lower.
You forgot compulsory third party and capital gains tax that Australians have to suffer though. But I wonder how far away that is in NZ?
If, by compulsory third party, you mean the levy on car registration, then that is simply to cover physical injuries in road accidents to third parties, a little like a stripped down ACC.
ReplyDeleteI also see nothing wrong with a capital gains tax, why should that be the one form of investment income exempt from tax? It excludes the family home once it has been owned for 12 months.
As to the super, it is taxed when the money is paid in to the funds, it is taxed when the retiree receives it and it also reduces the amount of pension (state super).
Wages have risen in some selected areas, such as mining, but wages and conditions have been drastically cut for many workers at the lower end of the scale with little bargaining power.
So, between my posts and your posts, we have simply proven my opening assertion that simplistic comparisons ARE just that.
And d4j has proven, once again, that it is a shame his daddy didn't pull out of his mummy and shoot him on the blankets.
If, by compulsory third party, you mean the levy on car registration, then that is simply to cover physical injuries in road accidents to third parties, a little like a stripped down ACC.
ReplyDeleteI also see nothing wrong with a capital gains tax, why should that be the one form of investment income exempt from tax? It excludes the family home once it has been owned for 12 months.
As to the super, it is taxed when the money is paid in to the funds, it is taxed when the retiree receives it and it also reduces the amount of pension (state super).
Wages have risen in some selected areas, such as mining, but wages and conditions have been drastically cut for many workers at the lower end of the scale with little bargaining power.
So, between my posts and your posts, we have simply proven my opening assertion that simplistic comparisons ARE just that.
And d4j has proven, once again, that it is a shame his daddy didn't pull out of his mummy and shoot him on the blankets.
Fugley can't wait to catch up with you in such a small country ?
ReplyDeleteyes, you ARE stalking me today.
ReplyDeleteAnd, like you, I live in Christchurch, in fact, I suspect we even met once.
Well yes, a simplistic comparison but still a telling one. The number of skilled workers leaving here for Australia underscore this point I think.
ReplyDeleteWow, its not often you see a free range crapweasle stumple into urban areas this time of year.
ReplyDeletezen, correlation does not equal causation. There are many reasons why people emmigrate, and I suggest many kiwis moving to Oz are doing so for reasons other than the simply venal - eg
ReplyDeleteBetter (warmer) climate, yet more skiing fields than Switzerland.
Better tasting beer with a decent alcohol content
Better sports, eg AFL and a cricket team that knows how to win
A greater choice of holiday locations without needing to fly or ferry.
Beaches that have sand, not gravel.
And perhaps even better tax rates, job ops, and higher salaries? All part of the "grass is greener" mix.
ReplyDeleteBut to be clear, my post wasn't about people moving to Australia for tax reasons, my post was pointing out the tax rates.
ReplyDeleteThis was motivated by a workmate who was totally unaware of the thresholds, and pegged them much much lower (and didn't believe me when I mentioned them).
As a kiwi who went to Sydney, stayed 12 years and came back (with friends doing the same for their own reasons), I'm well aware of the myriad of reasons for going to Oz, and the reality of the taxes, rates, quality of life etc.
Good lord man you don't really expect that Labour will ever raise the class of male to be equal with Wimin do you?
ReplyDeletepoor old d4j, one track mind, one trick pony, manages to turn any thread into a rant against the government, as if anyone cares about his moronic moans.
ReplyDeleteAfter reading your crap for the last few months, I have no dount the courts made the rigfht decision in keeping you away from impressionable young minds.
"and I suggest many kiwis moving to Oz are doing so for reasons other than the simply venal.."
ReplyDeleteyeah--democracy and a recognition that citizens actually have rights other than those graciously left to them by the dykeocracy may also have something to do with it.
I've never heard of people moving to a different country because the beer or the beach is better.
ReplyDeleteAs a very infrequent visitor - does d4j ever have anything useful to say. Comes across as very angry.
ReplyDeleteInteresting table really. I would love a more detailed table, taking into account Working For Families, ACC (as suggested), GST (because all the money left over if used on consumption will be taxed via GST), the various tax rebates. For example if you earned under $9000 you would be eligible for a large rebate etc..., Childcare/Charity Rebate.