Ever wondered exactly where the tax taken from your hard earned income goes?
You can find out here.
The biggest proportion goes to the Ministry of Social Development (about 27% if my calculations are correct). Health, Education, Inland Revenue, Treasury, Transport, Defence Force, Labour, Police and Corrections get the next biggest cuts. After that its spent on Economic Development, Justice, Building & Housing, Foreign Affairs and Trade, then Research, Science and Development.
Then the money goes to Environment, Agriculture and Forestry, Conservation, Internal Affairs, Defence (not sure why the Ministry of Defence is different from the Defence Force), Culture and Heritage, States Services Commission, Justice, Te Puni Kokiri, Land Information NZ, Customs, Parliamentary Services, Statistics, Fisheries, Food Safety Authority, National Library, Crown Law and Government Security Communications Bureau.
After that the money goes to the Department of Prime Minister and Cabinet, Education Review Office, Archives New Zealand, Parliamentary Counsel Office, Office of the Clerk of the House of Representatives, Ombudsmen, Serious Fraud Office, Pacific Island Affairs, Women’s Affairs and the last few cents go to the Parliamentary Commissioner for the Environment.
Calculations are based on the 2010 Budget and there have already been changes, for instance Archives and the Parliamentary Library have been combined and a Primary Industry Ministry is being formed from Agriculture, Forestry and Fisheries.
If you earn $20,000 it calculates you pay $2,520 in total of which $681.13 goes on welfare and 10 cents contributes to the environment commissioner.
If you earn $50,000 you contribute $8,020 to the public coffers, $2,167.73 to the social development ministry and 32 cents to the commissioner.
Those on $100,000 pay $23,920. MSD takes $6,65.34 and the commissioner gets 96.
If you’re earning $500,000 you pay $155, 120 in tax contributing $42,143.62 to the MSD and $6.24 to the Environment Commissioner.
Hat Tip: Credo Quia Absurdum Est.