The current pay period is somewhat of an indication of what we'll end up getting every pay day. An indication because it was split between the old tax rates and the recently effected one (as at 1 April). I'm not happy about it.
Based on IRD's PAYE calculator, we should be expecting a reduction of at least $25 from our usual combined pays. Dang. It might not be much but it's still a reduction.
The new ACC levy was raised to 2% from 1.7%! $2 for every $100 we make! WTH.
I complained about it to a co-worker this morning and she said she overheard a new co-worker say that she likes the new tax brackets. Huh?
What do you think about the new tax rates?