@ISIDEWITHQuestionseconomyStarted 11yrs agoActive 1mo ago

Should the government raise taxes on the rich?

Should New Zealand raise taxes on the rich?

Australia currently has a progressive tax system whereby high income earners pay a higher percentage of tax than low income tax. A more progressive income tax system has been proposed as a tool towards reducing wealth inequality.

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Answer Overview

Response rates from 5.2k 70 voters.

61%
Yes
38%
No
54%
Yes
31%
No
6%
Lower the income tax rate and remove all existing tax loopholes for large corporations
4%
No, but lower taxes for the poor
1%
Yes, and raise taxes on all income brackets
1%
Reform to a flat tax
1%
No, keep the current tax structure

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Other Popular Answers

Unique answers from 70 voters whose views went beyond the provided options.

 @8DL6BJTanswered…4yrs4Y

Increasing taxes on the rich forces them to take their money overseas where the government can't get it. We should incentivise rich individuals to spend their money here while cracking down on loopholes that allow massive corporations to pay nothing in tax

 @8D7G8QQanswered…4yrs4Y

Add another top tax bracket and increase taxes on that top tax bracket

 @8H8G383answered…4yrs4Y

Introduce Capital Gains Tax to fund infrastructure. Increase tax of wealthy and reduce tax for low discretion income earners. Separate all social benefit funding from political impact.

 @9F5S835answered…1yr1Y

No secondary tax

 @8DMBTCRanswered…4yrs4Y

The top 2% should pay higher taxes

 @8F5BS9Kanswered…4yrs4Y

Yes, although this should focus on taxing forms of income not currently taxed effectively.

 @8G8FDQXanswered…4yrs4Y

Have a fair tax system where no one can hide their income. I know too many business owners that have all their assets and income go into a trust so it is hidden. Close the loop holes.

 @8GRJCGHanswered…4yrs4Y

First $2000 tax Free $20001 - $65k @ 30% $65k + 44% or more

Latest News

Stay up-to-date on the most recent “Taxes” news articles, updated frequently.

 @ISIDEWITH submitted…4mos4MO

War crime tourists pay $3,000 to see Ukraine’s horror

War Tours, pays a wage to its tour guides – who are refugees themselves – and regularly donates funds to the war effort. But some of his competitors appear to be raking in the cash: one week-long “war tour” package reportedly offered to tourists comes with a £3,000 price tag. Clients are from the US, Britain or “small European countries”, he says, and interest in tours has risen this summer. “I think they deserve to see what’s happening here because their governments support Ukraine, and they pay for that with their taxes,” he says, adding “people have a right to know how their money is spent.” It would seem that the Ukrainian government is also keen to attract visitors. In March, the country announced a campaign to attract tourists, saying it had the infrastructure and hotels to welcome foreign travellers, albeit when the war was over. “Any money that people will spend in Ukraine will help the economy to recover,” said tourism boss Mariana Oleskiv. More than 70,000 people visited the disaster-ravaged area in 2021, with numbers peaking at almost 125,000 in 2019, three years before the war broke out.“People are interested in seeing Bucha because it’s evidence of Russian aggression in their own eyes, rather than just through the media,” he explains. But “they also wanted to see destroyed Russian vehicles, and the different kinds of drones used by both sides, as well as the famous exhibitions in Kyiv”.