New tax rates

Annual taxable income	Cumulative weekly savings							TOTAL ANNUAL SAVINGS FROM 1 APRIL 2011
	1-Apr-09		1-Apr-10		1-Apr-11
	Tax cut	with IETC	Tax cut	with IETC	Tax cut	with IETC		Tax cut	with IETC
$ 15,000	0.00	0.00	0.00	0.00	0.19		0.19	10
$ 20,000	0.00	0.00	0.00	0.00	1.15		1.15	60
$ 25,000	0.00	10.00	0.00	15.00	2.12		17.12	110	890
$ 30,000	0.00	10.00	0.00	15.00	3.08		18.08	160	940
$ 35,000	0.00	10.00	0.00	15.00	4.04		19.04	210	990
$ 40,000	0.00	10.00	0.00	15.00	5.00		20.00	260	1040
$ 45,000	11.54	19.04	11.54	24.04	17.50		30.00	910	1560
$ 50,000	18.46	18.46	23.08	23.08	30.00		30.00	1560
$ 55,000	18.46	18.46	23.08	23.08	30.00		30.00	1560
$ 60,000	18.46	18.46	23.08	23.08	30.00		30.00	1560
$ 65,000	18.46	18.46	23.08	23.08	30.00		30.00	1560
$ 70,000	18.46	18.46	23.08	23.08	30.00		30.00	1560
$ 75,000	19.42	19.42	25.00	25.00	31.92		31.92	1660
$ 80,000	20.38	20.38	26.92	26.92	33.85		33.85	1760
$ 85,000	21.35	21.35	28.85	28.85	35.77		35.77	1860
$ 90,000	22.31	22.31	30.77	30.77	37.69		37.69	1960
$ 95,000	23.27	23.27	32.69	32.69	39.62		39.62	2060
$ 100,000	24.23	24.23	34.62	34.62	41.54		41.54	2160

"It took nine years before Labour relented to cut personal taxes at their last opportunity. It has taken the National-led government a week," Mr English said.

from The Beehive