A new online calculator, created as part of the Mix and Mash competition, graphically displays how the government spends your tax dollars.For example, a person earning $100,000 would pay a total of $23,930 in tax.Of that $23,930, the largest amount (
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A new online calculator, created as part of the Mix and Mash competition, graphically displays how the government spends your tax dollars.
For example, a person earning $100,000 would pay a total of $23,930 in tax.
Of that $23,930, the largest amount ($6,465.34) would go to the Ministry of Social Development.
But the calculator also takes in your personal contribution to smaller government agencies, such as the Serious Fraud Office ($2.63 in our example of a $100,000 earner) and the hither-to-unknown Parliamentary Commissioner for the Environment (96 cents).
And do check out that chunk of change clipped by IRD on $123,930 tax - $1866.24.
The Tax Receipt 2010 calculator was created by Southgate Labs, whose recent projects include the Sam Morgan-backed Vend online point-of-sale software.
See how they go when Mix and Mash winners are announced tomorrow, December 10.
The event is run by the Digital New Zealand business unit within the National Library of New Zealand, with Microsoft and InternetNZ as primary sponsors.
