Tax on super, ‘unjust’
PA 'Hamilton ' The introduction of the goods and services tax will see superannuitants paying a greater proportion in tax than the Prime Minister, Mr Lange, the Superannuitants Federation president, Mr Bob Hubbard, told a meeting in Hamilton.
About 550 superannuitants gathered to form a local pressure group to fight the surcharge on superannuation. Mr Hubbard said the new tax scale with GST would mean that the Prime Minister earning $120,000 a year would be paying 48c tax in the dollar.
But superannuitants earning up to $30,000 a year would be paying 55c in the dollar. “I fell that is a terrible social injustice,” he said. The meeting unani mously supported the formation of a Hamilton branch of the New Zealand Federation of Superannuitants.
Superannuitants were told by several speakers that the best way to fight the surcharge was by numbers and persistent pressure on Members of Parliament.
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Press, 24 July 1986, Page 36
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151Tax on super, ‘unjust’ Press, 24 July 1986, Page 36
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