asked the Minister for Finance if he will give, in the terms of the reply to Question 44 of 12th February, 1969 regarding the cost of increasing personal allowances for income tax purposes, the amounts involved for £7, £8 and £9 respectively for a single man and for £10, £11, £12, £13, £14, and £15 respectively for a married person and for £7, £8 and £9 for a widow.
Ceisteanna—Questions Oral Answers. - Personal Allowances.
50.
With your permission, a Cheann Comhairle, I propose to circulate the reply in the form of a table.
Following is the table:—
|
Personal allowance at present (single person) |
Amount of allowance required to leave no tax payable by a single person on weekly earnings of (a) £7, (b) £8 and (c) £9 |
Increase required in the amount of the allowance |
Estimated current cost, first year |
Estimated current cost, full year |
|
(1) |
(2) |
(3) |
(4) |
(5) |
|
£ |
£ |
£ |
£ |
£ |
|
234 (a) |
273 |
39 |
5m. |
5.75m. |
|
234 (b) |
312 |
78 |
8.5m. |
10m. |
|
234 (c) |
351 |
117 |
12.75m. |
15m. |
|
Personal allowance at present (married person) |
Amount of allowance required to leave no tax payable by a married person with no children on weekly earnings of (a) £10, (b) £11, (c) £12, (d) £13, (e) £14 and (f) £15 |
Increase required in the amount of the allowance |
Estimated current cost, first year |
Estimated current cost, full year |
|
(1) |
(2) |
(3) |
(4) |
(5) |
|
£ |
£ |
£ |
£ |
£ |
|
394 (a) |
390 |
Nil |
Nil |
Nil |
|
394 (b) |
429 |
35 |
1.75m. |
2m. |
|
394 (c) |
468 |
74 |
3.5m. |
4m. |
|
394 (d) |
507 |
113 |
5m. |
5.75m. |
|
394 (e) |
546 |
152 |
6.2m. |
7.3m. |
|
394 (f) |
585 |
191 |
7.2m. |
8.5m. |
|
Personal allowance at present (widow(er)) |
Amount of allowance required to leave to tax payable by a widow(er) on weekly earnings of (a) £7, (b) £8 and (c) £9 |
Increase required in the amount of the allowance |
Estimated current cost, first year |
Estimated current cost, full year |
|
(1) |
(2) |
(3) |
(4) |
(5) |
|
£ |
£ |
£ |
£ |
£ |
|
259 (a) |
273 |
14 |
.1m. |
.11m. |
|
259 (b) |
312 |
53 |
.3m. |
.4m. |
|
259 (c) |
351 |
92 |
.6m. |
.7m. |