Not bad. Quite a few places would tax over 40% of your income with that salary.
@theknightofren Жыл бұрын
sure but the NZ dollar is very weak in comparison to some of those other places.
@TS-wq6qb Жыл бұрын
All taxation is theft
@gogamgogam5485 Жыл бұрын
Gst of 15 percent on your income too. So add 15 percent become 50 percent gone to tax.
@alirobe Жыл бұрын
100k NZD is about 55K USD
@theknightofren Жыл бұрын
@@gogamgogam5485 what are you on about? GST doesn't tax your income.
@clp1 Жыл бұрын
Yep, pretty much spot on. I live in NZ and make $110k NZD as a head of marketing, I opted for Kiwi Saver (our version of 401k) and my take home is $78k, which roughly equals $45k USD per year 😒. $110k is decent money in NZ, but average house price is $970k and I could likely only get around a $300k mortgage at my pay rate, so even with a six figure job you couldn't really afford a decent house without a $600k deposit minimum. Expensive place to live for sure.
@zanelewis834 Жыл бұрын
600k minimum deposit making 110k a year? You could mortgage a house easy in NZ a good friend owns 3 different houses and he only had to put 10% down payment on a house for the bank to approve the mortgages (he buys fixes and flips houses)
@Wananga4 Жыл бұрын
@@zanelewis834 Bro, when was his most recent flip? Cod the market now is terrible.
@bambino100011 Жыл бұрын
As I always say, it’s the middle class who gets taxed the most….
@zuks624511 ай бұрын
Hi @clp1, is N$ 110k enough for one person living in a small town like Timaru?
@clp111 ай бұрын
@zuks6245 hell yeah brother 😎. You can live very comfortably on $110k in Timaru. All the wealth in NZ is basically in land, so if you check property values in various areas on Trademe, that'll give you a sense of how much money you'd need to thrive there. Avoid the big cities and you'll be sweet, but 1/3 of the country lives in Auckland, so that's also where the brunt of the economy exists...
@robbyfn Жыл бұрын
yes but 100k in NZ is not very much.
@rvanheukelum Жыл бұрын
Doesn’t matter. The percentage counts. You can do more with 100k NZD in New Zealand than with 1 mln USD in the States.
@robbyfn Жыл бұрын
@@rvanheukelum that is very untrue. The NZD has fallen 21% against the USD in the last year. Two people with a child would be STRUGGLING in NZ on a combined salary of 100k NZD but in the US you could live in most states on an equivalent salary of 56.5k USD.
@robbyfn Жыл бұрын
@@rvanheukelum On the topic of percentage that is just not correct. It should be how much does the equivalent of 100K USD get taxed in each country. Even with an annual salary of 100K USD a year in NZ you would not make it into the top tax bracket though. It is just a case of making it a fair comparison between countries and currencies. If I had a salary of 100,000 iranian rial I would get taxed nothing because that is $2.36 USD
@MarcotheKorean Жыл бұрын
@@rvanheukelum coming from a guy who doesn't have 1million usd's perspective.
@AlexKirk1234 Жыл бұрын
@@rvanheukelum you said 1 mlm as in 1 million right? Because if so you could live just about anywhere in the states comfortably if you manage it for at least a decade, that's with monthly spending of food and what not assuming you're still working increasing your wealth.
@coreyvisser7004 Жыл бұрын
The living wage in NZ as of May 2023 is only $23.90/h. Thats just under $50K a year before taxes. The minimum wage as of May 2023 is $22.70/h. Thats just over $47K per year. working full time at 40 hours a week. Most people between 18 - 30 years old earn less than $27/h, which is just under $50K per year on 40 hours. Very few lucky people earn $100K a year even before taxes let alone after taxes. Average house price is between $400K and $1M depending on the region. minimum 15% deposit to borrow from the bank that's $60K - $150K for your first home. Groceries and other essential needs have gone up in recent years. On a $50K yearly salary which would be around $700 a week after taxes, most people would be lucky to save $150 a week. Thats $5K - $10K per year after taxes and Food and Power and Phone/WiFi and car/travel expenses and rent. that means it would take 6 to 15 years to save enough for your first home. lest say 10 years if you're with a partner. 10 years assuming no unexpected costs come up like dentists bills, doctors bills, car trouble, loss of job, vet bills, child expenses, fire damage... etc. Not to mention house prices keep going up so by the time you can afford to buy 10 years ago the minimum deposit has gone up another $10K - $200K. Living in New Zealand as a young person is extremely difficult, which is why so many are moving to Australia. $100K a year would be a dream.
@shikshasingh3045Ай бұрын
Heyy, I'm looking for recruitment in New Zealand🥹 please do consider if there any post related to Accounting and management is vacant... I'm done with my homeland😭
@reef6826 Жыл бұрын
I work minimum wage in NZ, $22.50 an hour which is maybe $13-14 usd on a good day, and yea probably -15% of that in tax, then all you have left every week is half a banana, 3 durrys, and a hose to siphon some petrol.
@CalGcastglassnz Жыл бұрын
Hose pipe also has to be re used later to make a bong...it ain't the safest
@mark-ish Жыл бұрын
Get a better job, it's all up to you to be poor or to make a better life for yourself.
@mangukaha774 Жыл бұрын
You aint wrong there bro👍
@Painaaporo10 ай бұрын
Might have to cut the durrys my man
@DeFrostedKiwi10 ай бұрын
Hahahahahah
@dontcryovercomments9307 Жыл бұрын
And our country is beautiful
@ZKLuxhadorАй бұрын
Thats all we got going for us, media can't fool the foreigners forever
@Shivery_slice1Ай бұрын
Perspective can change when you have greedy people and unaffordable housing.
@shikshasingh3045Ай бұрын
Heyy, I'm looking for recruitment in New Zealand🥹 please do consider if there any post related to Accounting and management is vacant... I'm done with my homeland😭
@toddnewman4530 Жыл бұрын
Yeah 100k gets you shit here. Especially since average house price in Auckland is 1.1million , food, petrol , electricity, services gas, cellphone, internet ,Netflix, neon, etc 100k all gone. You need 400k a yr.
@ManuelRodriguez-tv4li Жыл бұрын
Weed, booze, hookers, cocaineium, gambling.
@NZFarmboy80 Жыл бұрын
You don't need Netflix, Neon the internet at home, electricity isn't that expensive I pay $100-$140 a month. My cell bill is $55 a month
@EVOETR1 Жыл бұрын
Actually most average person in NZ earn way less than 100k and don’t have the luxury of Netflix etc, with some households bringing in 100k. So for most the shit that you can get here is grateful and obviously you like the finer things, so be it but there’s always someone less fortunate that don’t have the pleasure.
@topgunhitman3856 Жыл бұрын
As aunty Cindy bro.. Oh waiiiiit a minute,your not a bro are ya😅
@Temperius Жыл бұрын
Thats crazy, you can live of a 100k a year salary. Next to no one has that much. you could certainly be comfortable at 150k even that that might be slightly frivolous.
@brianlomax3363 Жыл бұрын
Don't forget every time you buy something you got 15% gst too. Not to mention rates
@awesomedude442810 ай бұрын
That exists everywhere.
@MrChinese002 ай бұрын
In italy is 22%😂
@freedomspromise8519 Жыл бұрын
How many people actually earn $100,000.00 in NZ? I am guessing the average is lower than $100,000.00 per year.
@The_Absolute_Dog Жыл бұрын
Much lower
@jacobmoses3712 Жыл бұрын
Median income $848 a week before tax. So lots of people making less than $100 K
@dirtyshinobii Жыл бұрын
oh definitely
@sscanlon4389 Жыл бұрын
My dad has bee earning 120k for the last 6 years, he's doing okay. Mind you, he got a 300k mortgage on a 7 bedroom house 10years ago when we didn't have an immigrant/housing-shortage problem. His house is almost paid off, has 3 kids and a wife to feed. I'd say 100k get you a good life if you bought a house 10y ago!
@geoffbell166 Жыл бұрын
Fonterra milk tanker drivers and get 3mths paid off a year...
@roslynduncan346Ай бұрын
As a New Zealander, i can say Auckland in New Zealand is soo expensive. Like the price of a regular house you want to buy is from 1 to 3 million. And don't even get me started on the groceries. But other than this, New Zealand is still a good place to visit.
@01M17 ай бұрын
the uk would tax you 65% of that 100k which is 35k
@WhakataneMaori Жыл бұрын
NZ is too expensive and our dollar is not strong
@theknightofren Жыл бұрын
Taxes is actually $23,920 for that salary amount. $27,425 is incorrect.
@Playboysmurf1 Жыл бұрын
This makes it look much nicer than it really is. 100k isn't much here. Yet it's very hard to achieve in the new zealand economy. Buying property in New Zealand, particularly in its major cities, is expensive. The nation has one of the highest house-price-to-income ratios in the world. Average home price over 1 million. Buying for under a million is very difficult. The median weekly income for wage and salary workers in New Zealand was NZ$1,189 per week as of June 2022 (or NZ$61,828 per year). (Data from Stats NZ - Labour market statistics).
@enricogasparini8356 Жыл бұрын
sorry for the question, when you talk about dollars do you refer to us dollar o nz dollar like when you say 1kk for a house, what currency are you thinking bout?
@awesomedude442810 ай бұрын
Average home price in Toronto/Vancouver is $1.5 Million CAD+ , with same salaries and more taxes + shitty weather and healthcare. NZ is a paradise in comparison.
@shikshasingh3045Ай бұрын
Hey, I'm looking for recruitment in New Zealand🥹 please do consider if there any post related to Accounting and management is vacant... I'm done with my homeland😭
@gurkmeja1235 Жыл бұрын
thats such a small percentage!
@Daniel-qj3tp Жыл бұрын
And GST 15%
@mark-ish Жыл бұрын
sales tax isn't relevant to your net pay. try harder.
@adamsweetz5156 Жыл бұрын
Parks free, schools free, roads and bridges free, medical care free, beaches free, retirement gold card all internal travel free
@steveh5307 Жыл бұрын
LMAO everything you listed is also free in the US. And who charges for the beach? Internal travel is free?? You mean, like freely moving about your own fking country free? What was your point again? LMAO
@adamsweetz5156 Жыл бұрын
@Lilly B And in Ten Years Time your opinion is not counted
@llll-un6mk Жыл бұрын
Internal travel free? Where?
@shikshasingh3045Ай бұрын
Heyy, I'm looking for recruitment in New Zealand🥹 please do consider if there any post related to Accounting and management is vacant... I'm done with my homeland😭
@adamsweetz5156Ай бұрын
@@shikshasingh3045 For sure buddy, sweet as mate, I'll get back to you 3045
@yungizard96242 ай бұрын
I met a fellow from NZ, he moved to the US to become a doctor. Now I understand why he did that.
@sscanlon4389 Жыл бұрын
Compare this to other countries, My family of 5: Fibre broadband 80 per month Rent 3000 per month Power 400 per month Mobile plan 100 per month Petrol 300 per month Food 1500 per month School free Medical appointment 50 per visit Medication $5 per prescription Outdoors free Leisure expensive
@shikshasingh3045Ай бұрын
Heyy, I'm looking for recruitment in New Zealand🥹 please do consider if there any post related to Accounting and management is vacant... I'm done with my homeland😭
@gastromacho2 Жыл бұрын
Everywhere in the world if you report a high taxable income you get taxed high. The problem is ... if you are rich and have corporation expenses you can reduce your taxable income big time.
@soarpurposeАй бұрын
That net income is still more than double my gross income.
@filipechill7 ай бұрын
The only people complaining here are the the NZ. Come to Luxembourg, and you soon will learn a lesson.
@MrChinese002 ай бұрын
they are so isolated that they don't know what the rest of the world is like. in Italy the average salary is like €1200 per month with houses around 300/400k in the big cities
@MrChinese002 ай бұрын
common VAT at 22%. We have more pensioners than workers and we have an increasingly aging population and people who are having fewer and fewer children.
@ОскарЛР2 ай бұрын
NZ citizen here; food is becoming expensive, fuel has already gotten quite expensive, the house prices… you wouldn’t believe. We have these “KiwiSaver” investment schemes which are good for economy and ensure steady long term growth for finance, but they’re too steady, and my KiwiSaver won’t be big enough to get a mortgage on a first owned home until 2033. My student loan will also be a burden but that was my choice, luckily I get the student allowance which is free for me but not the dear taxpayers. The government uses tax money in many ridiculous ways, we are still recovering from Covid and the economic trauma it caused, the upcoming recession will be quite something but whatevs. Owning a home and raising a family seems not only miles away but also challenging, impossible on a single salary, so I’m not surprised there is a “brain drain” of my smarter and academically equipped peers to Australia. I however plan on moving elsewhere such as Argentina, South Korea, or Romania.
@meterboy. Жыл бұрын
As a German I feel scammed
@VS-yk3gu Жыл бұрын
Hahaha .. that's funny...
@theknightofren Жыл бұрын
Yes but you have free healthcare + free education + several other benefits, NZ has zero of that.
@VS-yk3gu Жыл бұрын
@@theknightofren free in OZ?
@theknightofren Жыл бұрын
@@VS-yk3gu Not too sure sorry.
@VS-yk3gu Жыл бұрын
@@theknightofren I mean where so you mean it's free
@sethjaffe9095 Жыл бұрын
I took a look at the exchange rate with the USD and 1 USD = 1.79 NZD. $100k NZD = $55,885 USD. Better than the local average, but you will probably struggle in a metro area if you have to support anyone beyond yourself.
@kyle3895 Жыл бұрын
We don’t have to pay for health insurance it’s free
@bevanfletcher6563 Жыл бұрын
That $71K in New Zealand is better than $71K in the US, as we don't need medical insurance.
@mark-ish Жыл бұрын
@@kyle3895 you'll be waiting a long time for your public free healthcare, esp. elective surgery.
@awesomedude442810 ай бұрын
not really. NZ wait times are not bad at all. @@mark-ish
@mark-ish10 ай бұрын
@awesomedude4428 years are "not bad" ok then.
@arunbanotra29329 ай бұрын
Actually not that bad . Come to Canada it’s so much tax that you will get annoyed
@BrandonM Жыл бұрын
100k NZD is 55654.99 USD which means your take home amount is actually only 39626.99 USD, fuck all. Then you gotta deduct 15% GST, our fuel is heavily taxed and therefor expensive, Rent is extremely expensive especially in cities and if you think you will be able to buy a home anytime soon on this income think again, homes are crazy expensive and generally you are buying a very small home for a lot of money. This, this is why everyone just moves to Australia. Edit: Also could add Kiwisaver if you have it, which minimum is 3% of your income you wont see until you are 65(I think its 65, basically until you reach retirement around that age)
@tomcuddy Жыл бұрын
horsinda is robbing us blind
@OldFellaDave Жыл бұрын
A $100000 Australian salary winds up being pretty similar. About $75000 after taxes, medicare levy etc - then we get to pay 10% GST on everything, tolls everywhere, high rents/mortgages, high electricity costs and nickle and dimed for everything like drivers licences, car rego, insurances etc Our superannuation is 10%
@kieranpdent Жыл бұрын
Why would you add KiwiSaver?? it is still your money you get the interest on it and the Government will put in 50 cents for every dollar up to a maximum of $521.43 a year That is the opposite tax.
@Mel-qr5ob Жыл бұрын
Yeah exactly. Stay away. We don't want you here.
@Sam-lk6eo Жыл бұрын
Healthcare is pretty much free, and we don't recycle urine for drinking water thats got to be worth something !
@jared223210 ай бұрын
I lived in Christchurch for a year in 2015/2016. I'm from Canada and was working in the same profession I have at home except I was taking home about 55% of what I normally make.. I cant speak for everyone but compared to Canada the quality of life is alot worse. Its definitely got way better weather, scenery and the people are all right on but imagine living on 55% of what you're used too... I do hope to return one day permanently I absolutely loved it but its definitely a place you should be planning on bringing money too.
@twildabuckingham11 ай бұрын
Is that a lot? I date someone who works for the federal government in Canada, they don't make anywhere near 100k...they net less than this
@connordann85332 ай бұрын
Don't forget about the student loan cut
@jameshl1137 Жыл бұрын
Acc is optional. However you would be dumb not to take it.
@Scott_Bradbury Жыл бұрын
Although that is true, the money doesn't go very far at all. 100K in NZ is less than 60K USD and everything is just as expensive.
@robbyfn Жыл бұрын
more expensive in NZ than the US for almost everything actually
@petnzme Жыл бұрын
@@robbyfn except healthcare
@mark-ish Жыл бұрын
Economies of scale and a central location helps as opposed to living on a small dot island in the middle of no where.
@maree82carm44 Жыл бұрын
@@robbyfn not healthcare, ask a US citizen how much they pay for Healthcare over and above their income tax.
@N4CR5 Жыл бұрын
Add 15% GST, 50-60% petrol tax, expensive meat (we export all the good stuff and overcharge our people), registration costs and now you are about 50-60% of your money gone to the govt gang and their kosher money printers.
@tomcuddy Жыл бұрын
living costs, rates, power, soon to be carbon taxes..
@Milnip Жыл бұрын
yeah and trashing the planet should be free..
@tomcuddy Жыл бұрын
@Lilly B lol define happy”!
@mark-ish Жыл бұрын
Hey bro, put your tinfoil hat back on, govt will tax your brain.
@jedison7 Жыл бұрын
Another compulsive NZ whinger that has never travelled abroad and doesn't know how lucky they are.
@garthrogers2269 Жыл бұрын
Not quite accurate. The ACC levy is specifically designated for personal injury insurance. In return, nobody can be sued in the event of anyone sustaining an injury.
@mark-ish Жыл бұрын
No one* 😂 sure. I love how people just invent their own reality based on their ignorance and pass it off as accurate.
@garthrogers2269 Жыл бұрын
@@mark-ish in New Zealand, you can't sue over personal injuries. It's the law.
@frydcyrketzfpv26757 ай бұрын
Still cheaper than 🇨🇦
@starzba629110 ай бұрын
Not bad, if it's Canada forget about.
@ozzymandus38653 ай бұрын
That's better than 35% tax bracket plus all the sales tax plus property tax , it's like if you give them a dollar the turn and ask for another.
@computingsupportllc1889 Жыл бұрын
That about the same in America for people that make less than $250k if make more you’ll be taxed more…
@kiwioleskool9438 Жыл бұрын
Plus 15% goods and services tax on everything.
@NZFarmboy80 Жыл бұрын
That's not much compared to a lot of other countries
@robmurphy5548 Жыл бұрын
Don't forget 15% gst on goods and services, fuel tax, tobacco tax, council taxes and duty.
@BC-wj8fx Жыл бұрын
Nobody needs tobacco though. Nicotine is subsidised in NZ.
@bambino100011 Жыл бұрын
No too shabby, I would have thought they would tax higher….
@leonadamanuatu3701 Жыл бұрын
PAYE at 33% not 28.5% 😊
@carlocorthouts7351 Жыл бұрын
that is absolutely a low income tax.
@DhruvRathee-Channel Жыл бұрын
Who gets 100,000 income in NZ ?? Mostly 68% population EARN below 100K. Like annual income starts with 45k , 55K , 60K 65K 75K 80K THATS IT. 32% MAKE ABOVE 100K AND SUFFER with taxes 😂🤣😂
@harrysmith8515 Жыл бұрын
NZ living cost is one of the highest among the world. Many people live from pay to pay and have no saving. I felt NZ living quality is lower than Australia and China.
@awesomedude442810 ай бұрын
China? Are you crazy lmao
@harrysmith851510 ай бұрын
@@awesomedude4428 where is living quality if you live pay to pay and worry about paying credit card and all expenses in NZ? Do you know about 15-20% of NZ people have migrated out to mainly Australia and other countries? On the other hand, very small percentage of China people migrate out as expense is still reasonable comparing with after tax income. At least majority of China people are not worried to pay bills.
@Black7apex23 Жыл бұрын
Lol, in croatia we lose 35% to income tax
@tonyrae869 ай бұрын
Sounds normal... Same in Canada. Biggest thing is what are you GETTING for your taxes?
@charlesrocks Жыл бұрын
Prison Planet
@mapper7310 Жыл бұрын
What?
@andrewcruz7595 Жыл бұрын
what ?
@ellykara15 ай бұрын
Hardly. If you are referring to the Covid lockdowns, we locked down for a shorter time than the UK and many states in America including New York.
@thelegomaster312410 ай бұрын
Yup in Nz this is so true it is just THE DAMN GOVERNMENT
@markwingate5605 ай бұрын
Lot of comments from US, Canada etc. can’t really compare from one aspect but just know ACC is our accident insurance ( so your paid 80% your salary if you have an accident until you come back to work even if at fault) and universal healthcare is built in.
@pairojeans Жыл бұрын
If you earn more than that, lets say 140 thousand then you will be paying 33% tax. (as rounded figure passing trough all three tax bands) General Sales Tax 15% on almost anything you buy. Rates on your house (which has GST applied to it) And hundreds of other taxes so not as simple as it may appear.
@mark-ish Жыл бұрын
Nope. Tiered tax system, which you clearly don't understand. So much ignorance in comments.
@gastperkaswaki52968 ай бұрын
I hope the healthcare and education is for free
@kieranpdent Жыл бұрын
Plus 15% on everything you buy. GST (goods and services tax)
@sylviagarcia9151 Жыл бұрын
Wow, 8.75% in USA, Texas
@Mikedeela Жыл бұрын
Nearly identical to the average US tax rate.
@igrand6473 Жыл бұрын
Then pays 15% gst on taxed salary 😮
@JD-wx3pk Жыл бұрын
Should we all just relocate to Australia 🇦🇺. Sounds like the way to go.
@hadleyjones4163 Жыл бұрын
You forgot 15% gst , goods and services tax .
@kirbygulbrandsen4507 Жыл бұрын
That’s not bad because they don’t tax products, no tipping, free healthcare and I’m a Republican.
@mark-ish Жыл бұрын
@Lilly B which globally in comparison is a small tax rate.
@Coems6663 ай бұрын
I can say it's better than the uk
@justythrasher11 ай бұрын
Now talk about gst 15% Fuel levvies in Auckland 15 cents per litre. Etc...
@ellykara16 ай бұрын
Don't forget free hospital medical care. Free education up to year 13. Yes there are associated costs to these services but hospital care is free unless you choose to have private medical care.
@CassidyIsMe9 ай бұрын
At least we have free healthcare 😅
@ellykara15 ай бұрын
We don't pay for our public hospital care at the time but we certainly pay for it through our taxes. Also doctors and specialists visits are subsidised, but are not free. I paid $50 to see a doctor at my health centre last week. Prescriptions often have a few. Not free healthcare at all.
@saneledlamini122327 күн бұрын
Reasonable
@hsp15000 Жыл бұрын
USA have to pay on 31%
@admin6228 Жыл бұрын
15% on top of 28.5% which is effective tax rate of 40.56% and prices are high
@leavoda3791 Жыл бұрын
Taxing isn't the problem, stealing that money for private use or to fund idiotic errors in public infrastructure or war is the problem.
@bryantheobald54829 ай бұрын
What about Goods and Services Tax at 15% (GST)?
@hafwit4995 Жыл бұрын
Then add 15 percent good & service tax on everything you buy so much of that 71k is also taxed another 15 percent. Is that acc for a pen pusher or a tradesmen
@saxongreen78 Жыл бұрын
GST...everyone pays that, too.
@CrickFever2023 Жыл бұрын
Still less than what we pay in India 😂😂, god.. it feels like someone is snatching money from you.
@dirtyshinobii Жыл бұрын
Yeah but that's India. Nobody wants to live in a country that is rich but looks like a third world country overpopulated and dirty AF
@user-91071 Жыл бұрын
Yet most Indians make less money even without tax.
@lobear30746 ай бұрын
Yeah that’s actually not terrible lol, I think people just like to complain, they don’t know how insane it gets for tax in some places/most places. Edit: I do wish not so much tax was wasted on road work though. Better infrastructure like public transit is needed. Maybe go towards better school system, idk, just anything besides more pointless road crews and roadwork.
@chrisfrancis6788 Жыл бұрын
GST is 15% on all purchases after you already been taxed. There is alcohol and cigarette tax, there is also petrol tax. Now work it out?
@kiwioleskool9438 Жыл бұрын
Taxes on taxes my friend
@mark-ish Жыл бұрын
It's what you pay to live in a developed world that isn't supported by extreme natural resources. If you don't want to contribute to society, go live in a third world country and take your woo-is-me attitude with you.
@BC-wj8fx Жыл бұрын
Nobody needs to buy cigarettes. Nicotine is actually subsidised if you want nicotine.
@gimlarquinn3622 Жыл бұрын
nz in the house!!!
@marcelop9792 Жыл бұрын
Plus the taxes in all food and stuff you will end at 38%
@awesomedude442810 ай бұрын
That exists everywhere dude LMAO
@Rubytubby Жыл бұрын
Auckland and New Zealand
@Radiopandas2 Жыл бұрын
I thought we had higher tax rates. I especially thought ACC was higher than that
@mark-ish Жыл бұрын
For each dollar of incomeTax rateUp to $14,00010.5%Over $14,000 and up to $48,00017.5%Over $48,000 and up to $70,00030%Over $70,000 and up to $180,00033%Remaining income over $180,00039%
@MuhammadAhsan-qu1tt Жыл бұрын
Amazing place to live
@M.B.ChalliesNZ Жыл бұрын
And access to medical care ❤
@generickreigsmen6864 Жыл бұрын
@@lillyb4770this comment was made 2 months ago so you aren't mentioning the floods what do you mean not anymore?
@benwhiteman8445 Жыл бұрын
Horrible place. Dont even get me started if you have a young family you will have to go to food banks to survive
@jedison7 Жыл бұрын
@@benwhiteman8445 rubbish
@bronny6866 Жыл бұрын
And the kiwi saver.....😢
@outdoorsvideos87506 ай бұрын
Bitcoin was the end of income taxes and possibly even the end of nation states. Look at the book The Sovereign Individual to see a world where individuals have more power than legacy systems.
@ilhamilham1167 Жыл бұрын
Isnt NZ implementing Free healthcare and education ?
@squidlings Жыл бұрын
Then after tax they tax u again with vat or duty or fuel tax or car tax and national insurance and poll tax and then they fine u with speeding tickets and parking tickets and......
@mariushuyser2655 Жыл бұрын
Wrong. Tax is 33% @ 100k His using low income PAYE
@mark-ish Жыл бұрын
Wrong! Tiered tax system. For each dollar of incomeTax rateUp to $14,00010.5%Over $14,000 and up to $48,00017.5%Over $48,000 and up to $70,00030%Over $70,000 and up to $180,00033%Remaining income over $180,00039%
@user-fy6jw9uo4q5 ай бұрын
In Germany 40%.. ne happy my friends 😂😂😂
@massaz4654 Жыл бұрын
Didn't add student loan repayments and kiwi saver
@mark-ish Жыл бұрын
Those are both optional and the former is not relevant to everyone.
@funnyscenes87379 ай бұрын
Nottt bad!!!!!
@MillonareMindset Жыл бұрын
that is about correct i live in nz
@michellerogers3312 Жыл бұрын
Yeah that won't get you much living here in Queenstown
@sunnykennedy9640 Жыл бұрын
Much is minimum wage in new Zealand for nursing please
@personneici25959 ай бұрын
Great deal considering you don't have to spend $20k USD a year in healthcare for 2 people. NZ taxes pay for so much more than in the States. I'll take 28.5% any day! Also that's misleading as it's a graduated tax rate not a flat tax.
@hanfiball41362 ай бұрын
That's pretty good 👍
@muled Жыл бұрын
That is not back. UK will be 60%
@sonipanghal3636 Жыл бұрын
Means? Which is better. Uk or NZ?
@engineerdr Жыл бұрын
Not bad at all. Pakistan has more tax than this these days.
@Frederick-76511 ай бұрын
100,000 NZD is not a lot
@ElBantosClips Жыл бұрын
And where does all our tax money go? Who fucking knows, the place is falling to bits
@rolphbluesky8537 Жыл бұрын
im in nz and pay 33% tax on my wage
@_JustinCider_ Жыл бұрын
No you don't. You pay 10.5% on the first $14,000 You pay 17.5% between $14,000 & $48,000 You pay 30% between $48,000 & $70,000 You are only paying 33% on what you earn over $70,000 How you can be earning over $70K and not understand how progressive tax rates work is beyond me.
@rolphbluesky8537 Жыл бұрын
@@_JustinCider_ so I am correct then
@lolosaulala48 Жыл бұрын
@@rolphbluesky8537 no
@mark-ish Жыл бұрын
@Lilly B lol, but that's not what was implied, stop misleading.
@user-se1qs7yl8r5 ай бұрын
Sir i have an immigration company could you please tell me how can i tay up with newzealand's companies
@ro.tennisc2030 Жыл бұрын
That's so good. In Japan 50% haha So funny ay 😐
@aizensoskue9522 Жыл бұрын
move to morocco that would be much lower
@zyreyfr10 ай бұрын
Haven’t watched the video yet, I lived in New Zealand my whole life ( just recently moved to the uae) but ima predict that it’s gonna be 20k 💀 Edit: watched the vid and that’s gotta be cap
@inkstain7193 Жыл бұрын
What about the taxes when you go to spend it?
@bs4real Жыл бұрын
But,they have decent healthcare and gun control.
@mark-ish Жыл бұрын
@Lilly B laughing, that sick or you're just a kiddie, which is what I suspect reading your asinine comments.
@lemonprofit51479 ай бұрын
lol you trippin. Petty crime is rampant in Cities like Auckland and Christchurch, car thefts,shop ram raids and criminals walks out with warnings, it's a joke!
@lemonprofit51479 ай бұрын
Good healthcare if you can survive on waiting lists for half a year