Should the first $5k of income be tax-free?

Photo / Sarah Ivey

Labour is promising the first $5000 earned will be tax free by the end of its first term in government - but those earning top dollars will pay more.

Labour leader Phil Goff outlined Labour's new tax policy at his 'state of the nation' address in Auckland this afternoon.

It would introduce an across the board 'tax free zone' so earners paid no tax on up to their first $5000 earnings, at an estimated cost of $1.3 billion.

Should the first $5k of income be tax-free? Here is the latest selection of Your Views: