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Budget 2024 | The Government has announced proposed changes to personal income tax, the independent earner tax credit, in-work tax credit, the minimum family tax credit and the interest rate charged for overseas based student loans. They have also provided more information on FamilyBoost. Find out more: www.budget.govt.nz

In the 2022 tax year, the total amount of taxable income was $223.8 billion. That number is a 2.8% increase compared to the 2021 tax year.

This graph has 3 lines showing the total amount of taxable income by income tax band for the 2002, 2012 and 2022 tax years. The graphed distributions show spikes of increased value of taxable income at levels between $10,000 and $30,000 and at $48,000, $70,000 and, for the 2022 tax year, $180,000. These spikes match to recipients of income tested benefits, New Zealand Superannuation and changes in income tax rates. In the 2001 tax year the thresholds were different, and the spikes were at $38,000 and $60,000 of taxable income. The 2012 distribution is to the right of the 2001 distribution and the 2022 distribution is to the right of the 2012 distribution, which shows increases in income and population over time. 

The above graph shows the total taxable income declared by individuals by income tax band for the 2002, 2012 and 2022 tax years. Individuals with taxable income between $0 and $100 are not included in the above graph. This is because of high numbers and small amounts in total. The data for these groups is available in the download link at the bottom of the page.

The graphed distribution of total taxable income shows spikes of increased values of total taxable income at various taxable income levels below $30,000. This reflects taxable income tested benefits and New Zealand Superannuation. There are other spikes near the personal tax thresholds of $14,000, $48,000 and $70,000, where the personal tax rate increases. In the 2022 income tax year, there was a new spike at $180,000 taxable income showing the new top individual income tax rate of 39% from 1 April 2021.

In the 2002 tax year the thresholds were different, and the spikes were at $38,000 and $60,000 of taxable income.

The graphed distributions stop at $150,000 of taxable income for the 2002 tax year and at $200,000 for the 2012 and 2012 tax years. Upper limits are available in the download link on the Tax on taxable income datasets page.

Tax on taxable income datasets

You can find more information about how these statistics were calculated on the Technical specifications page.

Taxable income technical specifications

Last updated: 13 Sep 2023
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