How your tax rate could reach 80% — or more
Understanding Effective Marginal Tax Rates: A Closer Look at New Zealand Effective marginal tax rates (EMTR) in New Zealand present a nuanced landscape where earning more doesn’t always lead to higher take-home pay. Recently, a Treasury paper highlighted that for 6% of the population and a significant 30% of single parents, the EMTR exceeds 50%. … Read more