Over-65s contribute 15 percent of personal taxes but use more in public services
Pensioners now account for 15 percent of all personal taxes, though economists say this won't solve the fiscal gap as they use more public services than they pay in.
People aged 65 and over are contributing 15 percent of all personal taxes. However, data shows that over-65s use more in public services than they contribute through taxation. Economists warn that even as this tax contribution grows, it won't be enough to help balance the books.
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RNZ
Pensioners' growing tax bill
People who are over 65 are contributing 15 percent of all personal taxes but economists say even as that amount grows, it won't help balance the books.
Stuff
Pensioners' growing tax bill
Over-65s are contributing 15% of all personal taxes, data shows. Over-65s also use more in public services than they contribute in taxes.