asked the Minister for Finance if he will give particulars of earned income and tax payable in 1938-39 and 1964-65 in the form of replies of 28th May, 1958 and 3rd June 1958.
Written Answers. - Earned Income and Tax Payments.
49.
Following is the information:
SINGLE PERSONS
|
(1) |
(2) |
(3) |
(4) |
||||||||||
|
Income (Earned) |
1938-39 Income Tax Rates |
1964-65 Income Tax Rates |
Income Tax liability as percentage of income |
||||||||||
|
(a) |
(b) |
(a) |
(b) |
(a) |
(b) |
(a) |
(b) |
||||||
|
1938-39 Income |
*Equivalent 1964-65 Income |
1938-39 actual liability |
*Equivalent 1964-65 liability |
Actual liability on income in Col. 1 (b) |
Percentage increase of Col. 3 (a) in relation to Col. 2 (b) |
1938-39 Col. 2 (a) and 1 (a) |
1964-65 Col. 3 (a) and 1 (b) |
||||||
|
£ |
£ |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
|||
|
100 |
304 |
— |
— |
— |
— |
— |
— |
||||||
|
200 |
608 |
4 |
13 |
9 |
14 |
5 |
0 |
70 |
6 |
0 |
393 |
2.3 |
11.6 |
|
300 |
912 |
16 |
17 |
6 |
51 |
6 |
0 |
142 |
10 |
0 |
178 |
5.6 |
15.6 |
|
400 |
1,216 |
35 |
12 |
6 |
108 |
6 |
0 |
214 |
14 |
0 |
98 |
8.9 |
17.7 |
|
500 |
1,520 |
55 |
2 |
6 |
167 |
11 |
7 |
286 |
18 |
1 |
71 |
11.0 |
18.9 |
|
600 |
1,824 |
75 |
7 |
6 |
229 |
2 |
9 |
359 |
2 |
1 |
57 |
12.6 |
19.7 |
|
700 |
2,128 |
95 |
12 |
6 |
290 |
14 |
0 |
441 |
8 |
9 |
52 |
13.7 |
20.7 |
|
800 |
2,432 |
115 |
17 |
6 |
352 |
5 |
2 |
537 |
14 |
1 |
53 |
14.5 |
22.1 |
|
900 |
2,736 |
136 |
2 |
6 |
413 |
16 |
4 |
633 |
19 |
5 |
53 |
15.1 |
23.2 |
|
1,000 |
3,040 |
156 |
7 |
6 |
475 |
7 |
7 |
730 |
4 |
10 |
54 |
15.6 |
24.0 |
MARRIED PERSONS
|
(1) |
(2) |
(3) |
(4) |
||||||||||
|
Income (Earned) |
1938-39 Income Tax Rates |
1964-65 Income Tax Rates |
Income Tax liability as percentage of income |
||||||||||
|
(a) |
(b) |
(a) |
(b) |
(a) |
(b) |
(a) |
(b) |
||||||
|
1938-39 Income |
*Equivalent 1964-65 Income |
1938-39 actual liability |
*Equivalent 1964-65 liability |
Actual liability on income in Col. 1 (b) |
Percentage increase of Col. 3 (a) in relation to Col. 2 (b) |
1938-39 Col. 2 (a) and 1 (a) |
1964-65 Col. 3 (a) and 1 (b) |
||||||
|
£ |
£ |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
|||
|
100 |
304 |
— |
— |
— |
— |
— |
— |
||||||
|
200 |
608 |
— |
— |
19 |
12 |
8 |
— |
— |
3.2 |
||||
|
300 |
912 |
2 |
16 |
3 |
8 |
11 |
0 |
91 |
16 |
8 |
974 |
0.9 |
10.1 |
|
400 |
1,216 |
13 |
2 |
6 |
39 |
18 |
0 |
164 |
0 |
8 |
311 |
3.3 |
13.5 |
|
500 |
1,520 |
32 |
12 |
6 |
99 |
3 |
7 |
236 |
4 |
8 |
138 |
6.5 |
15.5 |
|
600 |
1,824 |
52 |
17 |
6 |
160 |
14 |
10 |
308 |
8 |
8 |
92 |
8.8 |
16.9 |
|
700 |
2,128 |
73 |
2 |
6 |
222 |
6 |
0 |
390 |
15 |
4 |
76 |
10.4 |
18.4 |
|
800 |
2,432 |
93 |
7 |
6 |
283 |
17 |
2 |
487 |
0 |
8 |
72 |
11.7 |
20.0 |
|
900 |
2,736 |
113 |
12 |
6 |
345 |
8 |
5 |
583 |
6 |
0 |
69 |
12.6 |
21.3 |
|
1,000 |
3,040 |
133 |
17 |
6 |
406 |
19 |
7 |
679 |
11 |
4 |
67 |
13.4 |
22.4 |
MARRIED PERSONS WITH TWO CHILDREN
|
(1) |
(2) |
(3) |
(4) |
||||||||||
|
Income (Earned) |
1938-39 Income Tax Rates |
1964-65 Income Tax Rates |
Income Tax liability as percentage of income |
||||||||||
|
(a) |
(b) |
(a) |
(b) |
(a) |
(b) |
(a) |
(b) |
||||||
|
1938-39 Income |
*Equivalent 1964-65 Income |
1938-39 actual liability |
*Equivalent 1964-65 liability |
Actual liability on income in Col. 1 (b) |
Percentage increase of Col. 3 (a) in relation to Col. 2 (b) |
1938-39 Col. 2 (a) and 1 (a) |
1964-65 Col. 3 (a) and 1 (b) |
||||||
|
£ |
£ |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
|||
|
100 |
304 |
— |
— |
— |
— |
— |
— |
||||||
|
200 |
608 |
— |
— |
— |
— |
— |
— |
||||||
|
300 |
912 |
— |
— |
15 |
16 |
8 |
— |
— |
1.7 |
||||
|
400 |
1,216 |
— |
— |
88 |
0 |
8 |
— |
— |
7.2 |
||||
|
500 |
1,520 |
8 |
8 |
9 |
25 |
13 |
0 |
160 |
4 |
8 |
525 |
1.7 |
10.5 |
|
600 |
1,824 |
25 |
17 |
6 |
78 |
13 |
4 |
232 |
8 |
8 |
195 |
4.3 |
12.7 |
|
700 |
2,128 |
46 |
2 |
6 |
140 |
4 |
5 |
314 |
15 |
4 |
124 |
6.6 |
14.8 |
|
800 |
2,432 |
66 |
7 |
6 |
201 |
15 |
7 |
411 |
0 |
8 |
104 |
8.3 |
16.9 |
|
900 |
2,736 |
86 |
12 |
6 |
263 |
6 |
10 |
507 |
6 |
0 |
93 |
9.6 |
18.5 |
|
1,000 |
3,040 |
106 |
17 |
6 |
324 |
18 |
0 |
603 |
11 |
4 |
86 |
10.7 |
19.9 |
*The "equivalent 1964-65" figures represent the 1938-39 figures adjusted by reference to the Consumer Price Ind ex at mid-February, 1964.