2.5% wealth tax on fortunes over $10m
What it actually does
An annual 2.5% tax on individuals' net assets above $10 million, with the family home exempt, plus a Capital Acquisitions Tax on gifts and inheritances worth over $1 million (family homes and farms exempt).
Source: greens.org.nz · 2026-06
The Trump take
“A tax on being rich? I'd be paying, what, everything? Billions. I'd have to move to Florida. Oh wait, I already live in Florida.”parody
Why it scored this way
Taxes
Annual wealth tax plus an inheritance-style tax
-2
Hates it
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