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Focus Live: Labour promises to hike top tax rate
New Zealand|politics

Focus Live: Labour promises to hike top tax rate

Labour is promising a new top tax rate of 39 per cent for people earning more than $180,000 a year – a tax which will only affect 2 per cent of New Zealanders. The new tax would impact those earning $200,000 a year roughly $23 a week – $1200 a year – but would generate up to $500 million a year.