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ACC levies in NZ pay for no-fault accident insurance - it's paid in part by taxpayers, and (for industrial accidents) paid for by employers (companies that empl
by Taniwha 2y ago
ACC levies in NZ pay for no-fault accident insurance - it's paid in part by taxpayers, and (for industrial accidents) paid for by employers (companies that employ coal miners pay more than companies that employ programmers).
Our public health system (hospitals, doctors, etc) are different and is largely paid for from income tax (lower than many states in the US, 10% lower marginal rate than I was paying in CA).
- crowcroft 2y agoYea it's very different to the US, and it's much much cheaper than what people in the US would think when they think about paying health insurance, but contractors do generally need to pay ACC levies still. Flat rate is a little over 1%, and for high risk industries you would generally pay more. https://www.acc.co.nz/for-business/understanding-levies-if-you-work-or-own-a-business https://www.acc.co.nz/for-business/understanding-levies-if-y... > If you’re self-employed, a shareholder-employee or a contractor you’ll pay three different levies