Is the $70,000 benchmark for 'high earning’ still acceptable?
New Zealand's tax brackets don't accurately reflect what counts as "high earning" in this country, critics say.
Since 2008, the highest personal income tax rate has kicked in on earnings over $70,000 a year.
Compare that to Australia, where the highest tax rate of 45 percent takes effect on income of $180,000 a year or more.
Eric Crampton tells Mike Yardley on Newstalk ZB why he doesn’t think the $70,000 threshold is still acceptable.