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Old 10th May 2014, 01:08
  #19 (permalink)  
scroogee
 
Join Date: Jan 2006
Location: new zealand
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Australian GST is 10% and New Zealand has 15%. NZ also charges GST on petrol tax (does Australia?). The top tax rate in Australia is fairly high and in NZ is 33%.

Not that a lowest rung CPL in NZ would be earning enough to pay the top rate and probably not the middle on either (that kicks in around NZ$40,000).

So the top tax rate in B.C seems to be (38%+13%+5%)= 56%.

Australia (45%+10%)= 55%

Plus Australia has just added this:

"The Abbott government’s deficit tax means top earners will face a 49 per cent marginal tax rate, the eighth ­highest among developed countries.

The May 13 budget is expected to include a 2 per cent “deficit tax” for people with taxable incomes above $180,000, increasing the 45 per cent top tax rate to 49 per cent, once medicare and disability levies are included."

Top rate of 49pc would make Australia 8th-highest tax nation in OECD

NZ (33%+15%)= 48%, so less tax but lower income to start with.
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