asked the Minister for Finance if he will state separately in respect of single persons and married couples without children, with one child, with two children and with three children (a) the earned income (Schedule E) not subject to income-tax in 1938-39 and 1958-59, (b) the amount now required to equal the earned income exempt from income-tax, in each case, as at mid-November, 1938, and (c) the amount of income-tax now payable on earned income having the same purchasing power as the earned income which was exempt from income-tax in 1938-39.
Written Answers. - Income-Tax on Earned Income.
Following is the information:—
|
(a) |
(b) |
(c) |
||||
|
1938-39 |
1958-59 |
Income-Tax for 1958-59 |
||||
|
£ |
£ |
£ |
£ |
s. |
d. |
|
|
Single persons |
150 |
240 |
392 |
28 |
4 |
0 |
|
Married couples without children |
270 |
413 |
705 |
52 |
0 |
7 |
|
Married couples with 1 child |
342 |
546 |
893 |
69 |
3 |
0 |
|
Married couples with 2 children |
414 |
680 |
1,081 |
88 |
1 |
0 |
|
Married couples with 3 children |
483 |
812 |
1,261 |
104 |
11 |
0 |
NOTE:—The figures shown under (a) represent the points of earned income at which liability to income-tax commences in the case of persons in the categories specified. The figures at (b) represent the 1938-39 figures under (a) taken as at mid-November, 1938, and converted by reference to the consumer price index at mid-February, 1958. The figures at (c) represent the income-tax chargeable for 1958-59 on earned incomes of amounts as shown under (b).