asked the Minister for Finance the cost in the first year, and in a full year, of increasing personal allowances so that a single man earning £10 a week or less and with no other income would not have to pay income tax; the amount the personal allowance would have to be increased to provide this together with the cost of similarly providing for £20 per week for a married man without children not being liable for tax if all earned income allowance and no other income.
Ceisteanna—Questions. Oral Answers. - Personal Allowances.
44.
I propose, with your permission, a Cheann Comhairle, to circulate the reply which is in the form of a tabular statement.
Following is the statement:—
|
Personal allowance at present |
Amount of allowance required to leave no tax payable on £10 a week (single persons) and on £20 a week (married persons with no children)—all earned |
Increase required in the amount of the allowance |
Estimated current cost, first year |
Estimated current cost, full year |
|
£ |
£ |
£ |
£ |
|
|
Single person: £234 |
390 |
156 |
16m. |
19m. |
|
Married person: £394 |
780 |
386 |
12m. |
14m. |
|
Widow(er): £259 |
390 |
131 |
.8m. |
1m. |
The statement includes figures in respect of widow(ers), as it would scarcely be possible to exclude them from any increases in the personal allowances.