April 2008:
Minimum wage $12.00/hr
Gross income on MW $25,029
Tax $4,881 (19.5% effective rate)
ACC $350 ($1.41%)
Net Income $19,798
Real Net Income (2016$) $22,718
April 2016:
Minimum wage $15.25/hr
Gross income on MW $31,807
Tax $4,486 (14.4% effective rate)
ACC $385 (1.21%)
Net Income $26,836
Real Net Income (2016$) $26,836
And NZ has the highest minimum wage to median wage in the OECD.
And National made the first increase in benefits beyond inflation since 1977.
So much for the lies from the usual leftie idiots. National are much better for
the low earners. That's the straight numbers. Stand by for spin from the leftie
moaners.
source:
http://www.kiwiblog.co.nz/2016/03/real_net_minimum_wage_now_11_higher_than_under_labour.html
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