After tax income gap with Australia

The Press reports on the figures put out by National showing the growing gap in after tax income between Australia and New Zealand.

In 1999 the average after tax income was $32,704 in Australia and $27,128 in New Zealand. That is a gap of $5,576 and has average NZ after tax income at 83% of Australia’s.

In 2007 Australia is $46,000 and NZ $34,000. That is a gap twice as large at $12,000 and means average NZ income is now only 74% of Australia.

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