asked the Minister for Finance if he will state in the form of a reply of 3rd June, 1958, the change in taxation in real terms between 1938/39 and 1959/60, taking into account the proposals outlined in the Budget.
Written Answers. - Taxation Change.
8.
Following is the information:—
SINGLE PERSONS.
|
(1) |
(2) |
(3) |
(4) |
||||||||||
|
Income (Earned) |
1938-39 Income Tax Rates |
1959-60 Income Tax Rates |
Income Tax Liability as Percentage of Income. |
||||||||||
|
(a) |
(b) |
(a) |
(b) |
(a) |
(b) |
(a) |
(b) |
||||||
|
1938-39 Income. |
*Equivalent 1959-60 Income. |
1938-39 Actual liability. |
*Equivalent 1959-60 liability. |
Actual liability on Income in Col. 1 (b). |
Perecentage increse of Col. 3 (a) in relation to Col. 2 (b). |
1938-39 Col.2 (a) and 1 (a) |
1959-60 Col. 3 (a) and 1 (b). |
||||||
|
£ |
£ |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
|||
|
100 |
270 |
Nil |
— |
7 |
4 |
5 |
— |
— |
2.7 |
||||
|
200 |
541 |
4 |
13 |
9 |
12 |
13 |
5 |
60 |
15 |
3 |
380 |
2.3 |
11.2 |
|
300 |
811 |
16 |
17 |
6 |
45 |
12 |
2 |
131 |
16 |
7 |
189 |
5.6 |
16.3 |
|
400 |
1,081 |
35 |
12 |
6 |
96 |
5 |
9 |
207 |
8 |
7 |
115 |
8.9 |
19.2 |
|
500 |
1,351 |
55 |
2 |
6 |
148 |
19 |
10 |
283 |
0 |
7 |
90 |
11.0 |
20.9 |
|
600 |
1,622 |
75 |
7 |
6 |
203 |
14 |
6 |
358 |
18 |
2 |
76 |
12.6 |
22.1 |
|
700 |
1,892 |
95 |
12 |
6 |
258 |
9 |
1 |
440 |
19 |
0 |
71 |
13.7 |
23.3 |
|
800 |
2,162 |
115 |
17 |
6 |
313 |
3 |
9 |
536 |
7 |
0 |
71 |
14.5 |
24.8 |
|
900 |
2,433 |
136 |
2 |
6 |
367 |
18 |
4 |
651 |
10 |
6 |
77 |
15.1 |
26.8 |
|
1,000 |
2,703 |
156 |
7 |
6 |
422 |
13 |
0 |
766 |
5 |
6 |
81 |
15.6 |
28.3 |
MARRIED PERSONS.
|
(1) |
(2) |
(3) |
(4) |
||||||||||
|
Income (Earned) |
1938-39 Income Tax Rates |
1959-60 Income Tax Rates |
Income Tax Liability as Percentage of Income. |
||||||||||
|
(a) |
(b) |
(a) |
(b) |
(a) |
(b) |
(a) |
(b) |
||||||
|
1938-39 Income. |
*Equivalent 1959-60 Income. |
1938-39 Actual liability. |
*Equivalent 1959-60 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). |
1959-60 Col. 3 (a) and 1 (b). |
||||||
|
£ |
£ |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
|||
|
100 |
270 |
Nil |
— |
— |
— |
— |
— |
||||||
|
200 |
541 |
Nil |
— |
13 |
3 |
4 |
— |
— |
2.4 |
||||
|
300 |
811 |
2 |
16 |
3 |
7 |
12 |
0 |
75 |
16 |
7 |
898 |
0.9 |
9.4 |
|
400 |
1,081 |
13 |
2 |
6 |
35 |
9 |
6 |
151 |
8 |
7 |
327 |
3.3 |
14.0 |
|
500 |
1,351 |
32 |
12 |
6 |
88 |
3 |
7 |
227 |
0 |
7 |
157 |
6.5 |
16.8 |
|
600 |
1,622 |
52 |
17 |
6 |
142 |
18 |
3 |
302 |
18 |
2 |
112 |
8.8 |
18.7 |
|
700 |
1,892 |
73 |
2 |
6 |
197 |
12 |
10 |
384 |
19 |
0 |
95 |
10.4 |
20.3 |
|
800 |
2,162 |
93 |
7 |
6 |
252 |
7 |
6 |
479 |
9 |
0 |
90 |
11.7 |
22.2 |
|
900 |
2,433 |
113 |
12 |
6 |
307 |
2 |
1 |
583 |
10 |
6 |
90 |
12.6 |
24.0 |
|
1,000 |
2,703 |
133 |
17 |
6 |
361 |
16 |
9 |
698 |
5 |
6 |
93 |
13.4 |
25.8 |
MARRIED PERSONS WITH TWO CHILDREN.
|
(1) |
(2) |
(3) |
(4) |
||||||||||
|
Income (Earned) |
1938-39 Income Tax Rates |
1959-60 Income Tax Rates |
Income Tax Liability as Percentage of Income. |
||||||||||
|
(a) |
(b) |
(a) |
(b) |
(a) |
(b) |
(a) |
(b) |
||||||
|
1938-39 Income. |
*Equivalent 1959-60 Income. |
1938-39 Actual liability. |
*Equivalent 1959-60 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). |
1959-60 Col. 3 (a) and 1 (b). |
||||||
|
£ |
£ |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
|||
|
100 |
270 |
Nil |
— |
— |
— |
— |
— |
||||||
|
200 |
541 |
Nil |
— |
— |
— |
— |
— |
||||||
|
300 |
811 |
Nil |
— |
13 |
11 |
8 |
— |
— |
1.7 |
||||
|
400 |
1,081 |
Nil |
— |
81 |
8 |
7 |
— |
— |
7.5 |
||||
|
500 |
1,351 |
8 |
8 |
9 |
22 |
16 |
1 |
157 |
0 |
7 |
589 |
1.7 |
11.6 |
|
600 |
1,622 |
25 |
17 |
6 |
69 |
18 |
8 |
232 |
18 |
2 |
233 |
4.3 |
14.4 |
|
700 |
1,892 |
46 |
2 |
6 |
124 |
13 |
4 |
314 |
19 |
0 |
153 |
6.6 |
16.6 |
|
800 |
2,162 |
66 |
7 |
6 |
179 |
8 |
0 |
409 |
9 |
0 |
128 |
8.3 |
18.9 |
|
900 |
2,433 |
86 |
12 |
6 |
234 |
2 |
7 |
504 |
6 |
0 |
115 |
9.6 |
20.7 |
|
1,000 |
2,703 |
106 |
17 |
6 |
288 |
17 |
3 |
613 |
5 |
6 |
112 |
10.7 |
22.7 |
*The "equivalent 1959-60" figures represent the 1938-39 figures adjusted by reference to the Consumer Price Index at mid-February, 1959.