We ask some locals what they will do with their tax cut.
Will the 4-$40 per week even make a differnce? Here are the key take out’s from today’s budget. Costing 14 billion dollars the question has to be asked, is it worth it?
Described by Chis Luxon as the careful budget.
A person earning $50,000 a year would get an extra $33.92 a fortnight.
A person earning $70,000 a year would get an extra $30.75 a fortnight.
A person earning $100,000 a year would get an extra $40.10 a fortnight.
A minimum wage earner would receive $25 a fortnight.
A person earning $60,000 with two children over six would receive $80.75 a fortnight.
A couple earning $150,000 each would receive $80.19 a fortnight.
A retired couple on NZ Super would get an extra $9 a fortnight. This will rise to $18 from April next year, and $26 from April 2026.
A couple earning $60,000 each, with two children in early childhood education (ECE) that costs $600 a fortnight, would receive $251.50 a fortnight.
A couple earning $100,000 each, with two children in ECE, would receive $80.19 a fortnight.