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comparing tax in united states with new zealand

United StatesNew ZealandDifference in New Zealand
Gross Income 38,722.50 USD / 30,000.00 GBP 60,470.85 NZD / 30,000.00 GBP - 0.00 GBP
Tax Due 5,974.97 USD / 4,629.07 GBP 12,001.80 NZD / 5,954.17 GBP + 1,325.10 GBP
Net Income 32,747.53 USD / 25,370.93 GBP 48,469.05 NZD / 24,045.83 GBP - 1,325.10 GBP
Overall Tax Rate 15.4 % 19.8 % + 4.40 %.

Figures based upon 1 USD = 0.77474337 GBP.

Figures based upon 1 NZD = 0.4961068 GBP.

In United States, an income of 38,722.50 USD / 30,000.00 GBP is more than the lowest average advertised salary of 24,694.00 USD / 19,131.51 GBP and less than the country's average income of 60,000.00 USD / 46,484.60 GBP.

In New Zealand, an income of 60,470.85 NZD / 30,000.00 GBP is more than the lowest average advertised salary of 25,000.00 NZD / 12,402.67 GBP and less than the country's average income of 62,200.00 NZD / 30,857.84 GBP.

Here are how much some common purchases cost in United States vs New Zealand:

United StatesNew ZealandDifference in New Zealand
Water Bottle (1.5L) 1.75 USD / 1.36 GBP 1.84 NZD / 0.91 GBP - 0.45 GBP
Milk Bottle (1L) 0.82 USD / 0.64 GBP 2.68 NZD / 1.33 GBP + 0.69 GBP
Pint of Beer 4.00 USD / 3.10 GBP 8.00 NZD / 3.97 GBP + 0.87 GBP
Bread (500g) 2.58 USD / 2.00 GBP 2.21 NZD / 1.10 GBP - 0.90 GBP
Chicken Breasts (1kg) 8.48 USD / 6.57 GBP 12.45 NZD / 6.18 GBP - 0.39 GBP
Petrol UK Gallon 3.27 USD / 2.53 GBP 10.00 NZD / 4.96 GBP + 2.42 GBP
Volkswagen Golf or Equivalent 21,845.00 USD / 16,924.27 GBP 34,990.00 NZD / 17,358.78 GBP + 434.51 GBP
Broadband Internet Monthly 62.44 USD / 48.37 GBP 84.49 NZD / 41.92 GBP - 6.45 GBP
Rent One Bedroom Apt. In City (Monthly) 1,261.46 USD / 977.31 GBP 1,478.20 NZD / 733.35 GBP - 243.96 GBP
Purchase One Bedroom Apt. In City 89,561.15 USD / 69,386.91 GBP 235,337.90 NZD / 116,752.73 GBP + 47,365.82 GBP

Part of North America, United States covers an area of 9,144,930 square kilometers.

United States has a Gross Domestic Product (PPP) of 18,561.93 ($ Billion) from a population of 326,474,013.

A progressive tax system spread over 7 bands ranging from 0% to 37%.

2019 Tax bands are as follow:

Below 9700 USD - 10%

Between 9700 USD and 39475 USD - 12%.

Between 39475 USD and 84200 USD - 22%.

Between 84200 USD and 160725 USD - 24%.

Between 160725 USD and 204100 USD - 32%.

Between 204100 USD and 510300 USD - 35%.

Above 510300 USD - 37%.

The standard single person's deduction is 12,200 USD and the personal exemption is now 0 USD (2019). The Tax Cuts and Jobs Act of 2017 reduced personal exemptions to zero for tax years 2018 through 2025.

The PEP provision (personal exemption phaseout) tapers the personal exemption when income is over 261,500 USD. 2% reduction for every 2,500 USD over the limit.

Social security tax is 6.2% on up to 132,900 USD of gross income (2019).

Medicare hospital insurance tax is 1.45% of all gross income - increased to 2.35% on income over 200,000 USD (single person).

Source: https://www.irs.gov/tax-professionals/tax-code-regulations-and-official-guidance.

Source: XE.com (Currency Conversion).

Source: SalaryExplorer.com (Averages from average salaries in major job categories).

Source: Numbeo.com (Cost of living).

Part of Oceania, New Zealand covers an area of 263,135 square kilometers.

New Zealand has a Gross Domestic Product (PPP) of 174.85 ($ Billion) from a population of 4,604,871.

A progressive tax system spread over 4 bands - ranging from 10.5% to 33%.

Tax bands are as follow:

Below 14000 NZD - 10.5%

Between 14000 NZD and 48000 NZD - 17.5%.

Between 48000 NZD and 70000 NZD - 30%.

Above 70000 NZD - 33%.

Statutory accident insurance is payable at a rate of 1.39% of gross income - capped to 126,286 NZD of income.

There is a personal tax credit available for incomes between 24,000 NZD and 48,000 NZD of 520 NZD. This is reduced by 13 cents for each dollar over 44,000 NZD.

Source: http://www.ird.govt.nz/how-to/taxrates-codes/rates/itaxsalaryandwage-incometaxrates.html.

Source: XE.com (Currency Conversion).

Source: SalaryExplorer.com (Averages from average salaries in major job categories).

Source: Numbeo.com (Cost of living).

Help

This calculator allows you to calculate income taxes and social contributions equivalent for United States and New Zealand and allow comparison between both. You can choose the preferred currency for the input amounts and displayed calculation. For example: If you choose GBP as your preferred currency, then the income entered will be converted to United States's and New Zealand's native currencies for the calculation so that correct income equivalent is used. The results will then be shown in the native currencies and GBP.

How we compare world taxes

We have trawled through the quagmire of tax legislation for 16 of the World's major economies and created a comparable position as close to the UK's PAYE (Pay As You Earn) system for employed people.

We look at each country's taxation for employed people, as well as things like medical care which are part of social contributions for some countries or require mandatory purchase of health insurance.

Combining this information lets us calculate taxes for each of the 16 countries and then do not only a taxation comparison but also a comparison of buying power based upon commonly purchased items.

It is quick and easy to use and you can get a detailed result at the click/tap of a button!

Compare tax using these examples:

We currently support the following countries - by clicking on the links below you can just do an individual tax calculation for those countries - or scroll up and compare tax between two countries directly!

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