As we raise incomes in NZ, something else is happening...we are getting people closer and closer to a 30% tax bracket which kicks in from $48,000 of income. We will need to educate people that this isn’t 30% tax on ALL of their income but only the income above $48,000 (see tax rates below).Hey thanks for listening! Please take some form of action from this content, don’t just be a consumer, become a producer! Make sure you’re subscribed to Money Mail via Keepthechange.co.nz to receive our weekly lesson on money and financial literacy. Stay close to us on social media and share this with someone that you think this content will help. Together we can collectively improve the financial literacy of New Zealand - let’s get on with it. Find us here:@keepthechange_nzhttps://www.keepthechange.co.nz/ Hosted on Acast. See acast.com/privacy for more information.
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