Wealth tax and 48% top income rate
What it actually does
Te Pāti Māori proposes a tiered tax on net wealth above $2 million and higher income tax rates further up the scale, including a 48% top rate on income over $300,000.
Source: Salient · 2026-08
The Trump take
“Forty-eight percent? And a wealth tax starting at two million? Two million is a very small loan from a father. Very small.”parody
Why it scored this way
Taxes
Wealth tax plus a much higher top rate
-2
Hates it
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