http://pundit.co.nz/content/tax-burd...s-for-a-change ( I suggest you read it ) and from Rosenberg.
"…the rich list represents about 0.01% of households who own 5-10% of all household wealth. This is roughly equivalent to what the bottom 50% of the population own. Yet the bottom 50% are more likely to be paying tax on every dollar they earn while some of our richest individuals are ducking on paying tax.”
“According to information released to us last month by IRD, 50% of the wealthiest kiwis dodge their tax responsibilities.”
“In annual samples of 184 ‘high wealth individuals’ between 2009 and 2011, IRD found that only 49.5% of them reported personal incomes of more than $70,000 (the top tax bracket). This indicates that some of our wealthiest individuals are skirting on their tax contribution.”
westerly