If you earn $70,000 a year in wages, you pay tax on every dollar you earn.
If you earn $70,000 because the value of your investment increases by that amount then, unless you are a trader, you don't pay any tax at all.
This is a subsidy for the top
Labour Party leader David Cunliffe. Photo / Mark Mitchell
If you earn $70,000 a year in wages, you pay tax on every dollar you earn.
If you earn $70,000 because the value of your investment increases by that amount then, unless you are a trader, you don't pay any tax at all.
This is a subsidy for the top