asked the Minister for Finance the number of taxpayers now falling within (a) the 35 per cent tax band; (b) the 48 per cent tax band; and (c) the 60 per cent tax band.
Written Answers. - Taxpayers' Statistics.
524.
Taking account of the income tax proposals announced in this year's budget, it is provisionally estimated that there will be about 970,000 persons effectively liable to income tax in 1985-86. In about 120,000 of these cases couples have elected or have been deemed to have elected to have the income of both spouses assessed on the husband, giving a total of about 850,000 taxpaying units. The breakdown of the 850,000 by marginal tax rate bands is estimated as follows:
|
Marginal rate band |
Number of taxpayers |
|
% |
000's |
|
Exemption limits — 60 per cent rate for marginal relief |
37 |
|
35 |
471 |
|
48 |
204 |
|
60 |
138 |
|
Total |
850 |