Key says cutting taxes at lower incomes is “inefficient” – lots of cost for little $ per person… yeah, cause there’s lot of poor people
Clint doesn’t seem to know how tax brackets work.
The bottom tax rate of 10.5c on the first $14,000 is not paid by just those who earn under $14,000. It is paid by every single income earner. So if you cut the 10.5c tax rate it impacts all 3.3 million taxpayers, not just the 400,000 or so who earn below that.