Table 3: NZ Income tax rates for individuals Taxable Income Tax rate per $1 earned up to $14,000 10.5% $14,001 to $48,000 inclusive 17.5% $48,001
Table 3: NZ Income tax rates for individuals Taxable Income Tax rate per $1 earned up to $14,000 10.5% $14,001 to $48,000 inclusive 17.5% $48,001 to $70,000 30% $70,000 and over 33% 15. What type of tax system is illustrated by the table. Circle the correct answer. Indirect tax Progressive tax Regressive tax Excise tax system system system system 1 mark
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