asked the Minister for Finance if he will state separately in respect of single persons, married couples without children, married couples with one child, married couples with two children and married couples with three children (a) the earned income (Schedule E) not subject to income tax in 1938-39 and in 1959-60, taking into account the proposals outlined in the Budget, (b) the amount now required to equal the earned income exempt from income tax, in each case, as at mid-February, 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.
Ceisteanna—Questions. Oral Answers. - Income Tax Statistics.
8.
The information is in the form of a tabular statement which, with the permission of the Ceann Comhairle, I propose to have included in the Official Report.
Following is the statement:—
|
(a) |
(b) |
(c) |
||||
|
1938-39 |
1959-60 |
Income Tax for 1959-60 |
||||
|
£ |
£ |
£ |
£ |
s. |
d. |
|
|
Single Persons |
150 |
240 |
407 |
28 |
18 |
11 |
|
Married Couples without children |
270 |
413 |
732 |
54 |
18 |
0 |
|
Married Couples with 1 child |
342 |
546 |
927 |
73 |
6 |
2 |
|
Married Couples with 2 children |
414 |
680 |
1,122 |
92 |
18 |
2 |
|
Married Couples with 3 children |
483 |
812 |
1,309 |
110 |
5 |
5 |
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-February, 1938, and converted by reference to the retail price index (base mid-February 1938=100) of 271 at mid-February, 1959. The figures at (c) represent the Income Tax chargeable for 1959-60 by reference to the Budget proposals, on earned incomes of amounts as shown under (b).