Politics

ACT’s alternative Budget: two tax rates, super at 67

Pattrick Smellie
Mon, 09 May 2022

ACT’s alternative Budget: two tax rates, super at 67
Slipping in the polls, Act's David Seymour seeks attention with a 'real change' agenda. (Image: Getty)
Pattrick Smellie
Mon, 09 May 2022
The Act party has released an alternative budget, ahead of the government’s on May 19, proposing to introduce a two-rate personal income tax system that would ensure lower marginal tax rates for anyone earning under $48,000 a year than at present.The 20-page document also proposes a gradual rise in the age of eligibility to 67, would scrap tax changes intended to stop speculative housing investment, and share GST with councils that let houses get built.Among surprises in the package, which is more an opening bid for coalition negotiations...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The Economist
How attractively are shares now priced?
The Economist | Sun, 26 Jun 2022

What a key valuation measure says about buying the dip.

Wine FREE
The $100 Club: A wine rich list
Bob Campbell MW | Sun, 26 Jun 2022

If you're a wine connoisseur, you're spoiled for choice. The number of high-flying wines on sale for more than $100 has tripled since 2013.

Property FREE
Money Answers: how much mortgage can I actually afford?
Frances Cook | Sat, 25 Jun 2022

This week, readers ask how they should decide as a family what they can afford in terms of buying a house – and just because you can, should you?

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.