asked the Minister for Finance if he will state, in respect of each of the years 1942-43 to 1946-47 inclusive, and for such of those years as the figures are available: (a) the gross income of persons assessed to income-tax; (b) the total taxable income; (c) the net produce of the tax; (d) the average effective rate of tax levied on each £ of actual income; and (e) the net produce for each 1d. of the normal rate of tax.
Written Answer. - Income-Tax Assessment.
Income Tax: Statement showing in respect of assessments made in each of the years 1942-43 to 1945-46: (a) gross income, (b) taxable income, (c) net produce of tax, (d) average effective rate of tax levied on each £ of actual income, and (e) the net produce for each penny of the standard rate of tax.
|
1942/43 |
1943/44 |
1944/45 |
1945/46 (Estimates) |
|
|
£ |
£ |
£ |
£ |
£ |
|
(a) Gross income |
75,529,000 |
80,721,600 |
88,352,300 |
94,400,000 |
|
(b) Taxable income |
31,864,000 |
33,664,000 |
37,636,200 |
39,200,000 |
|
(c) Net produce of tax |
10,296,700 |
10,989,800 |
12,338,300 |
12,730,000 |
|
d. |
d. |
d. |
d. |
|
|
(d) Average effective rate of tax levied on each pound of actual income |
40.79 |
40.61 |
41.21 |
39.98 |
|
£ |
£ |
£ |
£ |
|
|
(e) Net produce for each penny of the standard rate of tax |
114,408 |
122,109 |
137,092 |
141,444 |