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Story summary
- The Opportunity party announced a $24 billion tax and a rate of 34% on $50,000-$200,000 earnings and 39% above $200,000.
- The plan seeks a 10-15% drop in home prices, shaving $140,000 off $950,000 houses and affecting 66% of homeowners.
- It would give $19,400 income to residents who have lived in New Zealand for five of the past ten years.
- Party warns that 1.5 million New Zealand may stay overseas because of higher taxes.
