asked the Minister for Finance if he will state what the tax liability (income tax and surtax) is of a married man with two children under 11 years of age with no unearned income but with a salary of £1,000, £2,000, £3,000, £4,000, £5,000, £6,000, and £7,000.
Ceisteanna—Questions. Oral Answers. - Tax Liabilities: Income Tax and Surtax.
8.
As the information requested by the Deputy is in the form of a tabular statement, I propose, with the permission of the Ceann Comhairle, to circulate it with the Official Report. I am including in the statement particulars of the tax chargeable for the current year, 1959/60, and the tax which would be chargeable by reference to the alterations in the allowances and reliefs provided for by the Finance (No. 2) Act, 1959.
Following is the statement which should, however, be read in conjunction with the appended notes:
MARRIED Man with Two Children under 11 years of Age.
|
Income (Earned) |
Income Tax and Sur-tax chargeable |
|||||
|
for 1959-60 |
by reference to the Finance (No. 2) Act, 1959 |
|||||
|
(1) |
(2) |
(3) |
||||
|
£ |
£ |
s. |
d. |
£ |
s. |
d. |
|
1,000 |
58 |
15 |
0 |
54 |
12 |
0 |
|
2,000 |
352 |
15 |
0 |
334 |
12 |
0 |
|
3,000 |
739 |
10 |
0 |
715 |
1 |
0 |
|
4,000 |
1,201 |
5 |
0 |
1,170 |
10 |
0 |
|
5,000 |
1,725 |
15 |
0 |
1,690 |
16 |
0 |
|
6,000 |
2,300 |
5 |
0 |
2,261 |
2 |
0 |
|
7,000 |
2,924 |
15 |
0 |
2,881 |
8 |
0 |
NOTES.
1. Sur-tax is not chargeable on incomes not exceeding £2,000.
2. The particulars in Col. (2) of the table show the Income Tax and Sur-tax chargeable for 1959-60. The Income Tax included is payable in two equal instalments on the 1st January, 1960, and on the 1st July, 1960. The Sur-tax is payable on the 1st January, 1961.
3. The particulars in Col. (3) show the Income Tax and Sur-tax which would be chargeable for a year in which (a) the rates of Income Tax and Sur-tax were those in force for 1959-60 and (b) the alterations in allowances and reliefs provided for by the Finance (No. 2) Act, 1959, had effect for both Income Tax and Sur-tax purposes.