Hidden away on the NZIER site is a excel spreadsheet which allows you to design your own tax cuts.
You can do the following sorts of adjustments:
- Change Thresholds
- Change Rates
- Change Thresholds and Rates
- Introduce a tax-free threshold
- Income Splitting
For each scenario, it will tell you have much less tax you will pay, and the approximate fiscal cost.Tags: tax, tax calculator, tax cuts, tax rates