Dear Friend,
As of today, thanks to Nicola Willis, you can keep just a little bit more of what you earn with tax thresholds changing for the first time in 14 years.
14 years is a long time!
The staff insisted I find a photo from 14 years ago – I was 24 (and living it up in Germany on student exchange). How I've aged...
What were you doing 14 years ago, Friend?
But Nicola Willis has delivered only the entrée
While a bit of tax relief is more than welcome right now, the fact is that it only compensates for half of the 'fiscal drag' of 14 years of inflation pushing workers into higher tax brackets.
Nicola Willis needed to deliver $49/week for the average worker just to reverse the stealth tax hikes caused by inflation since thresholds were last adjusted in 2010.
The package that comes into effect today delivers just half that – slightly over $24 per week for someone on the average income without dependents. It’s not real tax relief, it’s shortchanging New Zealanders.
The Taxpayers' Union will be working to ensure Nicola Willis cuts government waste so that the main meal can be served - and New Zealanders can get ahead.
Friend, high-tax societies with too much of the economy run by bureaucrats don't tend to be prosperous. We need the Government to get the books back into shape and get real about reform and growing the economy. Right now, the population is growing much faster than the economy. Our GDP per capita - the best measure of long term prosperity - is going backwards.
I hope you will support the Taxpayers' Union so we don't have to wait another 14 years for tax relief.
Join us in making a secure and confidential monthly donation here <[link removed]>. While we appreciate that not everyone is in a position to donate monthly to the Taxpayers' Union, even with this long overdue tax relief, you can join as a member of the Taxpayers' Union for as little as $25 per year here. <[link removed]>
Only with your support can we fight to ensure the Government tackles wasteful spending, delivers a main course of tax relief, and secures a better economy for our kids' generation.
Thank you for your support.
Jordan Williams
Executive Director
New Zealand Taxpayers’ Union
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New Zealand Taxpayers' Union Inc. - 117 Lambton Quay, Level 4, Wellington 6011, New Zealand
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