Another budget has come and gone, this one more discussed than most for it actually contains the much promised but little seen tax cuts (read the Minister’s Executive Summary for details).
Here is a little project I whipped up to calculate the amount you are going to better off when the tax cuts come into force. All calculations are done in dollars, not the blocks of cheese that seem to have become currency over the last week. The current exchange rate: 1kg of tasty cheese = $NZ16.15.
| March 31, 2008 | October 1, 2008 | April 1, 2010 | April 1, 2011 | |
|---|---|---|---|---|
| Total PAYE | ||||
| After Tax Income | ||||
| After Tax Income per Week | ||||
| Improved Income per Week |
Disclaimer: I am not an accountant nor am I much of a Javascript programmer. Don’t go buying any extra cheese without consulting your financial advisor.
Update: It has come to my attention that this calculator does not work properly in Microsoft IE. I will fix this eventually.
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