Important to mention tax credits when discussing the working poor? @JordNZ

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Data extracted on 08 Apr 2017 01:20 UTC (GMT) from OECD.Stat.

So New Zealanders do not pay much income tax @TaxpayersUnion

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Data extracted on 08 Apr 2017 01:20 UTC (GMT) from OECD.Stat

How much is Working for Families per year?

The last Labour Government so hated tax cuts that it would not call its family tax credit a family tax credit. For those on the minimum wage, it could increase your income by 1/3rd. Oddly enough, because of abatement rates of 22.5% after $36,000, two minimum wage earners do not get much at all.

working for families

No two tax cuts impact the economy in the same way.

Effective marginal tax rates on single and dual earner families in the USA, Britain, France, Germany, Canada, Italy, Sweden, Denmark, Australia and New Zealand

Some countries including New Zealand and Australia do not give ordinary families much of an incentive to earn more. Effective marginal tax rates on low income families is one of the few times that the Left discovers supply-side economics.

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Source: Taxing Wages 2015 – OECD 2015.

U.S. 2000, 2007 and 2014 all-in average personal income tax rates at average wage by family type

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Data extracted on 25 Jan 2016 01:07 UTC (GMT) from OECD.Stat.

British all-in average personal income tax rates at average wage by family type, 2000, 2007, 2014

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Data extracted on 25 Jan 2016 01:07 UTC (GMT) from OECD.Stat.

Better than Sweden! All-in average personal income tax rates at average wage by New Zealand, Swedish and Danish family type

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Data extracted on 25 Jan 2016 01:07 UTC (GMT) from OECD.Stat.

US, Australian and NZ all-in average personal income tax rates at average wage by family type

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Data extracted on 25 Jan 2016 01:07 UTC (GMT) from OECD.Stat.

New Zealand 2000, 2007 and 2014 all-in average personal income tax rates at average wage by family type

In work tax credits for families in Working For Families certainly makes a difference to the after-tax, after government transfers living standards of the family on an average wage.

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Data extracted on 25 Jan 2016 01:07 UTC (GMT) from OECD.Stat.

US, UK and Canadian all-in average personal income tax rates at average wage by family type

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Data extracted on 21 Jan 2016 05:12 UTC (GMT) from OECD.Stat.

The minimum wage and poverty

How in-work family tax credits help

@BernieSanders @HillaryClinton working 40 hour on #minimumwage doesn’t leave you in poverty in America

@BernieSanders had a seniors moment on the EITC

 

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