Yep, pretty much spot on. I live in NZ and make $110k NZD as a head of marketing, I opted for Kiwi Saver (our version of 401k) and my take home is $78k, which roughly equals $45k USD per year 😒. $110k is decent money in NZ, but average house price is $970k and I could likely only get around a $300k mortgage at my pay rate, so even with a six figure job you couldn't really afford a decent house without a $600k deposit minimum. Expensive place to live for sure.
600k minimum deposit making 110k a year? You could mortgage a house easy in NZ a good friend owns 3 different houses and he only had to put 10% down payment on a house for the bank to approve the mortgages (he buys fixes and flips houses)
@zuks6245 hell yeah brother 😎. You can live very comfortably on $110k in Timaru. All the wealth in NZ is basically in land, so if you check property values in various areas on Trademe, that'll give you a sense of how much money you'd need to thrive there. Avoid the big cities and you'll be sweet, but 1/3 of the country lives in Auckland, so that's also where the brunt of the economy exists...
@@rvanheukelum that is very untrue. The NZD has fallen 21% against the USD in the last year. Two people with a child would be STRUGGLING in NZ on a combined salary of 100k NZD but in the US you could live in most states on an equivalent salary of 56.5k USD.
@@rvanheukelum On the topic of percentage that is just not correct. It should be how much does the equivalent of 100K USD get taxed in each country. Even with an annual salary of 100K USD a year in NZ you would not make it into the top tax bracket though. It is just a case of making it a fair comparison between countries and currencies. If I had a salary of 100,000 iranian rial I would get taxed nothing because that is $2.36 USD
@@rvanheukelum you said 1 mlm as in 1 million right? Because if so you could live just about anywhere in the states comfortably if you manage it for at least a decade, that's with monthly spending of food and what not assuming you're still working increasing your wealth.
I work minimum wage in NZ, $22.50 an hour which is maybe $13-14 usd on a good day, and yea probably -15% of that in tax, then all you have left every week is half a banana, 3 durrys, and a hose to siphon some petrol.
The living wage in NZ as of May 2023 is only $23.90/h. Thats just under $50K a year before taxes. The minimum wage as of May 2023 is $22.70/h. Thats just over $47K per year. working full time at 40 hours a week. Most people between 18 - 30 years old earn less than $27/h, which is just under $50K per year on 40 hours. Very few lucky people earn $100K a year even before taxes let alone after taxes. Average house price is between $400K and $1M depending on the region. minimum 15% deposit to borrow from the bank that's $60K - $150K for your first home. Groceries and other essential needs have gone up in recent years. On a $50K yearly salary which would be around $700 a week after taxes, most people would be lucky to save $150 a week. Thats $5K - $10K per year after taxes and Food and Power and Phone/WiFi and car/travel expenses and rent. that means it would take 6 to 15 years to save enough for your first home. lest say 10 years if you're with a partner. 10 years assuming no unexpected costs come up like dentists bills, doctors bills, car trouble, loss of job, vet bills, child expenses, fire damage... etc. Not to mention house prices keep going up so by the time you can afford to buy 10 years ago the minimum deposit has gone up another $10K - $200K. Living in New Zealand as a young person is extremely difficult, which is why so many are moving to Australia. $100K a year would be a dream.
Heyy, I'm looking for recruitment in New Zealand🥹 please do consider if there any post related to Accounting and management is vacant... I'm done with my homeland😭
Heyy, I'm looking for recruitment in New Zealand🥹 please do consider if there any post related to Accounting and management is vacant... I'm done with my homeland😭
Yeah 100k gets you shit here. Especially since average house price in Auckland is 1.1million , food, petrol , electricity, services gas, cellphone, internet ,Netflix, neon, etc 100k all gone. You need 400k a yr.
Actually most average person in NZ earn way less than 100k and don’t have the luxury of Netflix etc, with some households bringing in 100k. So for most the shit that you can get here is grateful and obviously you like the finer things, so be it but there’s always someone less fortunate that don’t have the pleasure.
Thats crazy, you can live of a 100k a year salary. Next to no one has that much. you could certainly be comfortable at 150k even that that might be slightly frivolous.
My dad has bee earning 120k for the last 6 years, he's doing okay. Mind you, he got a 300k mortgage on a 7 bedroom house 10years ago when we didn't have an immigrant/housing-shortage problem. His house is almost paid off, has 3 kids and a wife to feed. I'd say 100k get you a good life if you bought a house 10y ago!
This makes it look much nicer than it really is. 100k isn't much here. Yet it's very hard to achieve in the new zealand economy. Buying property in New Zealand, particularly in its major cities, is expensive. The nation has one of the highest house-price-to-income ratios in the world. Average home price over 1 million. Buying for under a million is very difficult. The median weekly income for wage and salary workers in New Zealand was NZ$1,189 per week as of June 2022 (or NZ$61,828 per year). (Data from Stats NZ - Labour market statistics).
sorry for the question, when you talk about dollars do you refer to us dollar o nz dollar like when you say 1kk for a house, what currency are you thinking bout?
Average home price in Toronto/Vancouver is $1.5 Million CAD+ , with same salaries and more taxes + shitty weather and healthcare. NZ is a paradise in comparison.
Hey, I'm looking for recruitment in New Zealand🥹 please do consider if there any post related to Accounting and management is vacant... I'm done with my homeland😭
Compare this to other countries, My family of 5: Fibre broadband 80 per month Rent 3000 per month Power 400 per month Mobile plan 100 per month Petrol 300 per month Food 1500 per month School free Medical appointment 50 per visit Medication $5 per prescription Outdoors free Leisure expensive
Heyy, I'm looking for recruitment in New Zealand🥹 please do consider if there any post related to Accounting and management is vacant... I'm done with my homeland😭
I took a look at the exchange rate with the USD and 1 USD = 1.79 NZD. $100k NZD = $55,885 USD. Better than the local average, but you will probably struggle in a metro area if you have to support anyone beyond yourself.
Everywhere in the world if you report a high taxable income you get taxed high. The problem is ... if you are rich and have corporation expenses you can reduce your taxable income big time.
LMAO everything you listed is also free in the US. And who charges for the beach? Internal travel is free?? You mean, like freely moving about your own fking country free? What was your point again? LMAO
Heyy, I'm looking for recruitment in New Zealand🥹 please do consider if there any post related to Accounting and management is vacant... I'm done with my homeland😭
they are so isolated that they don't know what the rest of the world is like. in Italy the average salary is like €1200 per month with houses around 300/400k in the big cities
common VAT at 22%. We have more pensioners than workers and we have an increasingly aging population and people who are having fewer and fewer children.
100k NZD is 55654.99 USD which means your take home amount is actually only 39626.99 USD, fuck all. Then you gotta deduct 15% GST, our fuel is heavily taxed and therefor expensive, Rent is extremely expensive especially in cities and if you think you will be able to buy a home anytime soon on this income think again, homes are crazy expensive and generally you are buying a very small home for a lot of money. This, this is why everyone just moves to Australia. Edit: Also could add Kiwisaver if you have it, which minimum is 3% of your income you wont see until you are 65(I think its 65, basically until you reach retirement around that age)
A $100000 Australian salary winds up being pretty similar. About $75000 after taxes, medicare levy etc - then we get to pay 10% GST on everything, tolls everywhere, high rents/mortgages, high electricity costs and nickle and dimed for everything like drivers licences, car rego, insurances etc Our superannuation is 10%
Why would you add KiwiSaver?? it is still your money you get the interest on it and the Government will put in 50 cents for every dollar up to a maximum of $521.43 a year That is the opposite tax.
Who gets 100,000 income in NZ ?? Mostly 68% population EARN below 100K. Like annual income starts with 45k , 55K , 60K 65K 75K 80K THATS IT. 32% MAKE ABOVE 100K AND SUFFER with taxes 😂🤣😂
I lived in Christchurch for a year in 2015/2016. I'm from Canada and was working in the same profession I have at home except I was taking home about 55% of what I normally make.. I cant speak for everyone but compared to Canada the quality of life is alot worse. Its definitely got way better weather, scenery and the people are all right on but imagine living on 55% of what you're used too... I do hope to return one day permanently I absolutely loved it but its definitely a place you should be planning on bringing money too.
NZ citizen here; food is becoming expensive, fuel has already gotten quite expensive, the house prices… you wouldn’t believe. We have these “KiwiSaver” investment schemes which are good for economy and ensure steady long term growth for finance, but they’re too steady, and my KiwiSaver won’t be big enough to get a mortgage on a first owned home until 2033. My student loan will also be a burden but that was my choice, luckily I get the student allowance which is free for me but not the dear taxpayers. The government uses tax money in many ridiculous ways, we are still recovering from Covid and the economic trauma it caused, the upcoming recession will be quite something but whatevs. Owning a home and raising a family seems not only miles away but also challenging, impossible on a single salary, so I’m not surprised there is a “brain drain” of my smarter and academically equipped peers to Australia. I however plan on moving elsewhere such as Argentina, South Korea, or Romania.
Add 15% GST, 50-60% petrol tax, expensive meat (we export all the good stuff and overcharge our people), registration costs and now you are about 50-60% of your money gone to the govt gang and their kosher money printers.
Not quite accurate. The ACC levy is specifically designated for personal injury insurance. In return, nobody can be sued in the event of anyone sustaining an injury.
NZ living cost is one of the highest among the world. Many people live from pay to pay and have no saving. I felt NZ living quality is lower than Australia and China.
@@awesomedude4428 where is living quality if you live pay to pay and worry about paying credit card and all expenses in NZ? Do you know about 15-20% of NZ people have migrated out to mainly Australia and other countries? On the other hand, very small percentage of China people migrate out as expense is still reasonable comparing with after tax income. At least majority of China people are not worried to pay bills.
If you earn more than that, lets say 140 thousand then you will be paying 33% tax. (as rounded figure passing trough all three tax bands) General Sales Tax 15% on almost anything you buy. Rates on your house (which has GST applied to it) And hundreds of other taxes so not as simple as it may appear.
Lot of comments from US, Canada etc. can’t really compare from one aspect but just know ACC is our accident insurance ( so your paid 80% your salary if you have an accident until you come back to work even if at fault) and universal healthcare is built in.
Then add 15 percent good & service tax on everything you buy so much of that 71k is also taxed another 15 percent. Is that acc for a pen pusher or a tradesmen
It's what you pay to live in a developed world that isn't supported by extreme natural resources. If you don't want to contribute to society, go live in a third world country and take your woo-is-me attitude with you.
For each dollar of incomeTax rateUp to $14,00010.5%Over $14,000 and up to $48,00017.5%Over $48,000 and up to $70,00030%Over $70,000 and up to $180,00033%Remaining income over $180,00039%
Yeah that’s actually not terrible lol, I think people just like to complain, they don’t know how insane it gets for tax in some places/most places. Edit: I do wish not so much tax was wasted on road work though. Better infrastructure like public transit is needed. Maybe go towards better school system, idk, just anything besides more pointless road crews and roadwork.
Wrong! Tiered tax system. For each dollar of incomeTax rateUp to $14,00010.5%Over $14,000 and up to $48,00017.5%Over $48,000 and up to $70,00030%Over $70,000 and up to $180,00033%Remaining income over $180,00039%
Haven’t watched the video yet, I lived in New Zealand my whole life ( just recently moved to the uae) but ima predict that it’s gonna be 20k 💀 Edit: watched the vid and that’s gotta be cap
Bitcoin was the end of income taxes and possibly even the end of nation states. Look at the book The Sovereign Individual to see a world where individuals have more power than legacy systems.
Then after tax they tax u again with vat or duty or fuel tax or car tax and national insurance and poll tax and then they fine u with speeding tickets and parking tickets and......
We don't pay for our public hospital care at the time but we certainly pay for it through our taxes. Also doctors and specialists visits are subsidised, but are not free. I paid $50 to see a doctor at my health centre last week. Prescriptions often have a few. Not free healthcare at all.
lol you trippin. Petty crime is rampant in Cities like Auckland and Christchurch, car thefts,shop ram raids and criminals walks out with warnings, it's a joke!
No you don't. You pay 10.5% on the first $14,000 You pay 17.5% between $14,000 & $48,000 You pay 30% between $48,000 & $70,000 You are only paying 33% on what you earn over $70,000 How you can be earning over $70K and not understand how progressive tax rates work is beyond me.
![ภาพนี้ก็ฮาเหมือนกันนะเนี้ย #2 SS8 [ พากย์นรก MEME.EXE ] | easy boy](http://i.ytimg.com/vi/RMhUgxxD49Q/mqdefault.jpg)
Not bad. Quite a few places would tax over 40% of your income with that salary.
sure but the NZ dollar is very weak in comparison to some of those other places.
All taxation is theft
Gst of 15 percent on your income too. So add 15 percent become 50 percent gone to tax.
100k NZD is about 55K USD
@@gogamgogam5485 what are you on about? GST doesn't tax your income.
Yep, pretty much spot on. I live in NZ and make $110k NZD as a head of marketing, I opted for Kiwi Saver (our version of 401k) and my take home is $78k, which roughly equals $45k USD per year 😒. $110k is decent money in NZ, but average house price is $970k and I could likely only get around a $300k mortgage at my pay rate, so even with a six figure job you couldn't really afford a decent house without a $600k deposit minimum. Expensive place to live for sure.
600k minimum deposit making 110k a year? You could mortgage a house easy in NZ a good friend owns 3 different houses and he only had to put 10% down payment on a house for the bank to approve the mortgages (he buys fixes and flips houses)
@@zanelewis834 Bro, when was his most recent flip? Cod the market now is terrible.
As I always say, it’s the middle class who gets taxed the most….
Hi @clp1, is N$ 110k enough for one person living in a small town like Timaru?
@zuks6245 hell yeah brother 😎. You can live very comfortably on $110k in Timaru. All the wealth in NZ is basically in land, so if you check property values in various areas on Trademe, that'll give you a sense of how much money you'd need to thrive there. Avoid the big cities and you'll be sweet, but 1/3 of the country lives in Auckland, so that's also where the brunt of the economy exists...
yes but 100k in NZ is not very much.
Doesn’t matter. The percentage counts. You can do more with 100k NZD in New Zealand than with 1 mln USD in the States.
@@rvanheukelum that is very untrue. The NZD has fallen 21% against the USD in the last year. Two people with a child would be STRUGGLING in NZ on a combined salary of 100k NZD but in the US you could live in most states on an equivalent salary of 56.5k USD.
@@rvanheukelum On the topic of percentage that is just not correct. It should be how much does the equivalent of 100K USD get taxed in each country. Even with an annual salary of 100K USD a year in NZ you would not make it into the top tax bracket though.
It is just a case of making it a fair comparison between countries and currencies. If I had a salary of 100,000 iranian rial I would get taxed nothing because that is $2.36 USD
@@rvanheukelum coming from a guy who doesn't have 1million usd's perspective.
@@rvanheukelum you said 1 mlm as in 1 million right? Because if so you could live just about anywhere in the states comfortably if you manage it for at least a decade, that's with monthly spending of food and what not assuming you're still working increasing your wealth.
I work minimum wage in NZ, $22.50 an hour which is maybe $13-14 usd on a good day, and yea probably -15% of that in tax, then all you have left every week is half a banana, 3 durrys, and a hose to siphon some petrol.
Hose pipe also has to be re used later to make a bong...it ain't the safest
Get a better job, it's all up to you to be poor or to make a better life for yourself.
You aint wrong there bro👍
Might have to cut the durrys my man
Hahahahahah
The living wage in NZ as of May 2023 is only $23.90/h. Thats just under $50K a year before taxes. The minimum wage as of May 2023 is $22.70/h. Thats just over $47K per year. working full time at 40 hours a week. Most people between 18 - 30 years old earn less than $27/h, which is just under $50K per year on 40 hours. Very few lucky people earn $100K a year even before taxes let alone after taxes. Average house price is between $400K and $1M depending on the region. minimum 15% deposit to borrow from the bank that's $60K - $150K for your first home. Groceries and other essential needs have gone up in recent years. On a $50K yearly salary which would be around $700 a week after taxes, most people would be lucky to save $150 a week. Thats $5K - $10K per year after taxes and Food and Power and Phone/WiFi and car/travel expenses and rent. that means it would take 6 to 15 years to save enough for your first home. lest say 10 years if you're with a partner. 10 years assuming no unexpected costs come up like dentists bills, doctors bills, car trouble, loss of job, vet bills, child expenses, fire damage... etc. Not to mention house prices keep going up so by the time you can afford to buy 10 years ago the minimum deposit has gone up another $10K - $200K. Living in New Zealand as a young person is extremely difficult, which is why so many are moving to Australia. $100K a year would be a dream.
Heyy, I'm looking for recruitment in New Zealand🥹 please do consider if there any post related to Accounting and management is vacant... I'm done with my homeland😭
And our country is beautiful
Thats all we got going for us, media can't fool the foreigners forever
Perspective can change when you have greedy people and unaffordable housing.
Heyy, I'm looking for recruitment in New Zealand🥹 please do consider if there any post related to Accounting and management is vacant... I'm done with my homeland😭
Yeah 100k gets you shit here. Especially since average house price in Auckland is 1.1million , food, petrol , electricity, services gas, cellphone, internet ,Netflix, neon, etc 100k all gone. You need 400k a yr.
Weed, booze, hookers, cocaineium, gambling.
You don't need Netflix, Neon the internet at home, electricity isn't that expensive I pay $100-$140 a month. My cell bill is $55 a month
Actually most average person in NZ earn way less than 100k and don’t have the luxury of Netflix etc, with some households bringing in 100k. So for most the shit that you can get here is grateful and obviously you like the finer things, so be it but there’s always someone less fortunate that don’t have the pleasure.
As aunty Cindy bro..
Oh waiiiiit a minute,your not a bro are ya😅
Thats crazy, you can live of a 100k a year salary. Next to no one has that much. you could certainly be comfortable at 150k even that that might be slightly frivolous.
Don't forget every time you buy something you got 15% gst too. Not to mention rates
That exists everywhere.
In italy is 22%😂
How many people actually earn $100,000.00 in NZ?
I am guessing the average is lower than $100,000.00 per year.
Much lower
Median income $848 a week before tax. So lots of people making less than $100 K
oh definitely
My dad has bee earning 120k for the last 6 years, he's doing okay. Mind you, he got a 300k mortgage on a 7 bedroom house 10years ago when we didn't have an immigrant/housing-shortage problem. His house is almost paid off, has 3 kids and a wife to feed. I'd say 100k get you a good life if you bought a house 10y ago!
Fonterra milk tanker drivers and get 3mths paid off a year...
the uk would tax you 65% of that 100k which is 35k
Taxes is actually $23,920 for that salary amount. $27,425 is incorrect.
thats such a small percentage!
NZ is too expensive and our dollar is not strong
This makes it look much nicer than it really is.
100k isn't much here.
Yet it's very hard to achieve in the new zealand economy.
Buying property in New Zealand, particularly in its major cities, is expensive.
The nation has one of the highest house-price-to-income ratios in the world.
Average home price over 1 million.
Buying for under a million is very difficult.
The median weekly income for wage and salary workers in New Zealand was NZ$1,189 per week as of June 2022 (or NZ$61,828 per year).
(Data from Stats NZ - Labour market statistics).
sorry for the question, when you talk about dollars do you refer to us dollar o nz dollar like when you say 1kk for a house, what currency are you thinking bout?
Average home price in Toronto/Vancouver is $1.5 Million CAD+ , with same salaries and more taxes + shitty weather and healthcare. NZ is a paradise in comparison.
Hey, I'm looking for recruitment in New Zealand🥹 please do consider if there any post related to Accounting and management is vacant... I'm done with my homeland😭
Compare this to other countries,
My family of 5:
Fibre broadband 80 per month
Rent 3000 per month
Power 400 per month
Mobile plan 100 per month
Petrol 300 per month
Food 1500 per month
School free
Medical appointment 50 per visit
Medication $5 per prescription
Outdoors free
Leisure expensive
Heyy, I'm looking for recruitment in New Zealand🥹 please do consider if there any post related to Accounting and management is vacant... I'm done with my homeland😭
I took a look at the exchange rate with the USD and 1 USD = 1.79 NZD. $100k NZD = $55,885 USD. Better than the local average, but you will probably struggle in a metro area if you have to support anyone beyond yourself.
We don’t have to pay for health insurance it’s free
That $71K in New Zealand is better than $71K in the US, as we don't need medical insurance.
@@kyle3895 you'll be waiting a long time for your public free healthcare, esp. elective surgery.
not really. NZ wait times are not bad at all. @@mark-ish
@awesomedude4428 years are "not bad" ok then.
Everywhere in the world if you report a high taxable income you get taxed high. The problem is ... if you are rich and have corporation expenses you can reduce your taxable income big time.
As a German I feel scammed
Hahaha .. that's funny...
Yes but you have free healthcare + free education + several other benefits, NZ has zero of that.
@@theknightofren free in OZ?
@@VS-yk3gu Not too sure sorry.
@@theknightofren I mean where so you mean it's free
That net income is still more than double my gross income.
Parks free, schools free, roads and bridges free, medical care free, beaches free, retirement gold card all internal travel free
LMAO everything you listed is also free in the US. And who charges for the beach? Internal travel is free?? You mean, like freely moving about your own fking country free? What was your point again? LMAO
@Lilly B And in Ten Years Time your opinion is not counted
Internal travel free? Where?
Heyy, I'm looking for recruitment in New Zealand🥹 please do consider if there any post related to Accounting and management is vacant... I'm done with my homeland😭
@@shikshasingh3045 For sure buddy, sweet as mate, I'll get back to you 3045
The only people complaining here are the the NZ. Come to Luxembourg, and you soon will learn a lesson.
they are so isolated that they don't know what the rest of the world is like. in Italy the average salary is like €1200 per month with houses around 300/400k in the big cities
common VAT at 22%. We have more pensioners than workers and we have an increasingly aging population and people who are having fewer and fewer children.
And GST 15%
sales tax isn't relevant to your net pay. try harder.
I met a fellow from NZ, he moved to the US to become a doctor. Now I understand why he did that.
100k NZD is 55654.99 USD
which means your take home amount is actually only 39626.99 USD, fuck all. Then you gotta deduct 15% GST, our fuel is heavily taxed and therefor expensive, Rent is extremely expensive especially in cities and if you think you will be able to buy a home anytime soon on this income think again, homes are crazy expensive and generally you are buying a very small home for a lot of money. This, this is why everyone just moves to Australia.
Edit: Also could add Kiwisaver if you have it, which minimum is 3% of your income you wont see until you are 65(I think its 65, basically until you reach retirement around that age)
horsinda is robbing us blind
A $100000 Australian salary winds up being pretty similar. About $75000 after taxes, medicare levy etc - then we get to pay 10% GST on everything, tolls everywhere, high rents/mortgages, high electricity costs and nickle and dimed for everything like drivers licences, car rego, insurances etc
Our superannuation is 10%
Why would you add KiwiSaver?? it is still your money you get the interest on it and the Government will put in 50 cents for every dollar up to a maximum of $521.43 a year
That is the opposite tax.
Yeah exactly. Stay away. We don't want you here.
Healthcare is pretty much free, and we don't recycle urine for drinking water thats got to be worth something !
Although that is true, the money doesn't go very far at all. 100K in NZ is less than 60K USD and everything is just as expensive.
more expensive in NZ than the US for almost everything actually
@@robbyfn except healthcare
Economies of scale and a central location helps as opposed to living on a small dot island in the middle of no where.
@@robbyfn not healthcare, ask a US citizen how much they pay for Healthcare over and above their income tax.
Actually not that bad . Come to Canada it’s so much tax that you will get annoyed
Who gets 100,000 income in NZ ?? Mostly 68% population EARN below 100K. Like annual income starts with 45k , 55K , 60K 65K 75K 80K THATS IT. 32% MAKE ABOVE 100K AND SUFFER with taxes 😂🤣😂
Is that a lot? I date someone who works for the federal government in Canada, they don't make anywhere near 100k...they net less than this
I lived in Christchurch for a year in 2015/2016. I'm from Canada and was working in the same profession I have at home except I was taking home about 55% of what I normally make..
I cant speak for everyone but compared to Canada the quality of life is alot worse. Its definitely got way better weather, scenery and the people are all right on but imagine living on 55% of what you're used too...
I do hope to return one day permanently I absolutely loved it but its definitely a place you should be planning on bringing money too.
NZ citizen here; food is becoming expensive, fuel has already gotten quite expensive, the house prices… you wouldn’t believe.
We have these “KiwiSaver” investment schemes which are good for economy and ensure steady long term growth for finance, but they’re too steady, and my KiwiSaver won’t be big enough to get a mortgage on a first owned home until 2033. My student loan will also be a burden but that was my choice, luckily I get the student allowance which is free for me but not the dear taxpayers.
The government uses tax money in many ridiculous ways, we are still recovering from Covid and the economic trauma it caused, the upcoming recession will be quite something but whatevs.
Owning a home and raising a family seems not only miles away but also challenging, impossible on a single salary, so I’m not surprised there is a “brain drain” of my smarter and academically equipped peers to Australia. I however plan on moving elsewhere such as Argentina, South Korea, or Romania.
Add 15% GST, 50-60% petrol tax, expensive meat (we export all the good stuff and overcharge our people), registration costs and now you are about 50-60% of your money gone to the govt gang and their kosher money printers.
living costs, rates, power, soon to be carbon taxes..
yeah and trashing the planet should be free..
@Lilly B lol define happy”!
Hey bro, put your tinfoil hat back on, govt will tax your brain.
Another compulsive NZ whinger that has never travelled abroad and doesn't know how lucky they are.
Not quite accurate. The ACC levy is specifically designated for personal injury insurance. In return, nobody can be sued in the event of anyone sustaining an injury.
No one* 😂 sure. I love how people just invent their own reality based on their ignorance and pass it off as accurate.
@@mark-ish in New Zealand, you can't sue over personal injuries. It's the law.
Acc is optional. However you would be dumb not to take it.
NZ living cost is one of the highest among the world. Many people live from pay to pay and have no saving. I felt NZ living quality is lower than Australia and China.
China? Are you crazy lmao
@@awesomedude4428 where is living quality if you live pay to pay and worry about paying credit card and all expenses in NZ? Do you know about 15-20% of NZ people have migrated out to mainly Australia and other countries? On the other hand, very small percentage of China people migrate out as expense is still reasonable comparing with after tax income. At least majority of China people are not worried to pay bills.
that is absolutely a low income tax.
Don't forget about the student loan cut
Don't forget 15% gst on goods and services, fuel tax, tobacco tax, council taxes and duty.
Nobody needs tobacco though. Nicotine is subsidised in NZ.
Not bad, if it's Canada forget about.
That about the same in America for people that make less than $250k if make more you’ll be taxed more…
Still cheaper than 🇨🇦
Plus 15% goods and services tax on everything.
That's not much compared to a lot of other countries
PAYE at 33% not 28.5% 😊
Then pays 15% gst on taxed salary 😮
That's better than 35% tax bracket plus all the sales tax plus property tax , it's like if you give them a dollar the turn and ask for another.
No too shabby, I would have thought they would tax higher….
Still less than what we pay in India 😂😂, god.. it feels like someone is snatching money from you.
Yeah but that's India. Nobody wants to live in a country that is rich but looks like a third world country overpopulated and dirty AF
Yet most Indians make less money even without tax.
Sounds normal... Same in Canada. Biggest thing is what are you GETTING for your taxes?
Plus 15% on everything you buy. GST (goods and services tax)
Wow, 8.75% in USA, Texas
Nearly identical to the average US tax rate.
If you earn more than that, lets say 140 thousand then you will be paying 33% tax. (as rounded figure passing trough all three tax bands)
General Sales Tax 15% on almost anything you buy.
Rates on your house (which has GST applied to it)
And hundreds of other taxes so not as simple as it may appear.
Nope. Tiered tax system, which you clearly don't understand.
So much ignorance in comments.
Much is minimum wage in new Zealand for nursing please
You forgot 15% gst , goods and services tax .
Lot of comments from US, Canada etc. can’t really compare from one aspect but just know ACC is our accident insurance ( so your paid 80% your salary if you have an accident until you come back to work even if at fault) and universal healthcare is built in.
Lol, in croatia we lose 35% to income tax
Yup in Nz this is so true it is just THE DAMN GOVERNMENT
What about Goods and Services Tax at 15% (GST)?
That's so good.
In Japan 50% haha
So funny ay 😐
move to morocco that would be much lower
I can say it's better than the uk
Should we all just relocate to Australia 🇦🇺. Sounds like the way to go.
Then add 15 percent good & service tax on everything you buy so much of that 71k is also taxed another 15 percent. Is that acc for a pen pusher or a tradesmen
I hope the healthcare and education is for free
Taxing isn't the problem, stealing that money for private use or to fund idiotic errors in public infrastructure or war is the problem.
Any idea about income of CA NZ in aukland ?
GST is 15% on all purchases after you already been taxed. There is alcohol and cigarette tax, there is also petrol tax.
Now work it out?
Taxes on taxes my friend
It's what you pay to live in a developed world that isn't supported by extreme natural resources.
If you don't want to contribute to society, go live in a third world country and take your woo-is-me attitude with you.
Nobody needs to buy cigarettes. Nicotine is actually subsidised if you want nicotine.
Prison Planet
What?
what ?
Hardly. If you are referring to the Covid lockdowns, we locked down for a shorter time than the UK and many states in America including New York.
Sir i have an immigration company could you please tell me how can i tay up with newzealand's companies
I thought we had higher tax rates. I especially thought ACC was higher than that
For each dollar of incomeTax rateUp to $14,00010.5%Over $14,000 and up to $48,00017.5%Over $48,000 and up to $70,00030%Over $70,000 and up to $180,00033%Remaining income over $180,00039%
Yeah that’s actually not terrible lol, I think people just like to complain, they don’t know how insane it gets for tax in some places/most places.
Edit: I do wish not so much tax was wasted on road work though. Better infrastructure like public transit is needed. Maybe go towards better school system, idk, just anything besides more pointless road crews and roadwork.
Wrong. Tax is 33% @ 100k
His using low income PAYE
Wrong! Tiered tax system.
For each dollar of incomeTax rateUp to $14,00010.5%Over $14,000 and up to $48,00017.5%Over $48,000 and up to $70,00030%Over $70,000 and up to $180,00033%Remaining income over $180,00039%
What about the taxes when you go to spend it?
Haven’t watched the video yet, I lived in New Zealand my whole life ( just recently moved to the uae) but ima predict that it’s gonna be 20k 💀
Edit: watched the vid and that’s gotta be cap
That’s not bad because they don’t tax products, no tipping, free healthcare and I’m a Republican.
@Lilly B which globally in comparison is a small tax rate.
Now talk about gst 15%
Fuel levvies in Auckland 15 cents per litre.
Etc...
Plus the taxes in all food and stuff you will end at 38%
That exists everywhere dude LMAO
Bitcoin was the end of income taxes and possibly even the end of nation states. Look at the book The Sovereign Individual to see a world where individuals have more power than legacy systems.
USA have to pay on 31%
And where does all our tax money go? Who fucking knows, the place is falling to bits
In Germany 40%.. ne happy my friends 😂😂😂
Nottt bad!!!!!
GST...everyone pays that, too.
Then after tax they tax u again with vat or duty or fuel tax or car tax and national insurance and poll tax and then they fine u with speeding tickets and parking tickets and......
Didn't add student loan repayments and kiwi saver
Those are both optional and the former is not relevant to everyone.
NZD OR USD?
At least we have free healthcare 😅
We don't pay for our public hospital care at the time but we certainly pay for it through our taxes. Also doctors and specialists visits are subsidised, but are not free. I paid $50 to see a doctor at my health centre last week. Prescriptions often have a few. Not free healthcare at all.
Isnt NZ implementing Free healthcare and education ?
Not bad at all. Pakistan has more tax than this these days.
Amazing place to live
And access to medical care ❤
@@lillyb4770this comment was made 2 months ago so you aren't mentioning the floods what do you mean not anymore?
Horrible place. Dont even get me started if you have a young family you will have to go to food banks to survive
@@benwhiteman8445 rubbish
Yeah that won't get you much living here in Queenstown
And the kiwi saver.....😢
that is about correct i live in nz
That is not back. UK will be 60%
Means? Which is better. Uk or NZ?
But,they have decent healthcare and gun control.
@Lilly B laughing, that sick or you're just a kiddie, which is what I suspect reading your asinine comments.
lol you trippin. Petty crime is rampant in Cities like Auckland and Christchurch, car thefts,shop ram raids and criminals walks out with warnings, it's a joke!
Good healthcare if you can survive on waiting lists for half a year
Auckland and New Zealand
100,000 NZD is not a lot
im in nz and pay 33% tax on my wage
No you don't.
You pay 10.5% on the first $14,000
You pay 17.5% between $14,000 & $48,000
You pay 30% between $48,000 & $70,000
You are only paying 33% on what you earn over $70,000
How you can be earning over $70K and not understand how progressive tax rates work is beyond me.
@@_JustinCider_ so I am correct then
@@rolphbluesky8537 no
@Lilly B lol, but that's not what was implied, stop misleading.
This is around 4000 too high. You need to review your sources mate
Do Argentina
That’s not bad
Not bad , not bad huh
Do Uruguay