asked the Minister for Finance the difference in income tax and sur-tax combined that will be payable in 1961-62 compared with 1960-61 by (a) a single man and (b) a married man with earned incomes of (1) £1,000 per annum, (2) £1,500, (3) £2,000, (4) £2,500, (5) £3,000, (6) £3,500 and (7) £4,000.
Ceisteanna—Questions. Oral Answers. - Sur-tax and Income Tax.
2.
As the reply is in the form of a tabular statement, I propose, with the permission of the Ceann Comhairle, to have it included in the Official Report.
Following is the statement:—
INCOME TAX AND SUR-TAX.
EFFECT OF BUDGET PROPOSALS IN CERTAIN CASES.
|
Income (all earned) |
Income tax for 1960-61* |
Sur-tax for 1959-60 (payable on 1/1/61) |
Total tax (Col. (2) +Col. (3)) |
Income Tax for 1961-62 |
Sur-tax for 1960-61 (payable on 1/1/62) |
Total Tax (Col. (5) +Col. (6)) |
Difference (Col. (4)-Col. (7)) |
||||||||||||||
|
(1) |
(2) |
(3) |
(4) |
(5) |
(6) |
(7) |
(8) |
||||||||||||||
|
SINGLE MAN |
|||||||||||||||||||||
|
£ |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
|
1,000 |
180 |
12 |
0 |
Nil |
180 |
12 |
0 |
163 |
8 |
0 |
Nil |
163 |
8 |
0 |
17 |
4 |
0 |
||||
|
1,500 |
311 |
17 |
0 |
Nil |
311 |
17 |
0 |
282 |
3 |
0 |
Nil |
282 |
3 |
0 |
29 |
14 |
0 |
||||
|
2,000 |
460 |
12 |
0 |
Nil |
460 |
12 |
0 |
400 |
18 |
0 |
Nil |
400 |
18 |
0 |
59 |
14 |
0 |
||||
|
2,500 |
635 |
12 |
0 |
26 |
5 |
0 |
661 |
17 |
0 |
559 |
4 |
8 |
Nil |
559 |
4 |
8 |
102 |
12 |
4 |
||
|
3,000 |
810 |
12 |
0 |
63 |
15 |
0 |
874 |
7 |
0 |
717 |
11 |
4 |
33 |
5 |
0 |
750 |
16 |
4 |
123 |
10 |
8 |
|
3,500 |
985 |
12 |
0 |
127 |
10 |
0 |
1,113 |
2 |
0 |
875 |
18 |
0 |
95 |
15 |
0 |
971 |
13 |
0 |
141 |
9 |
0 |
|
4,000 |
1,160 |
12 |
0 |
202 |
10 |
0 |
1,363 |
2 |
0 |
1,034 |
4 |
8 |
158 |
5 |
0 |
1,192 |
9 |
8 |
170 |
12 |
4 |
|
MARRIED MAN |
|||||||||||||||||||||
|
£ |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
|
1,000 |
124 |
12 |
0 |
Nil |
124 |
12 |
0 |
112 |
14 |
8 |
Nil |
112 |
14 |
8 |
11 |
17 |
4 |
||||
|
1,500 |
255 |
17 |
0 |
Nil |
255 |
17 |
0 |
231 |
9 |
8 |
Nil |
231 |
9 |
8 |
24 |
7 |
4 |
||||
|
2,000 |
404 |
12 |
0 |
Nil |
404 |
12 |
0 |
350 |
4 |
8 |
Nil |
350 |
4 |
8 |
54 |
7 |
4 |
||||
|
2,500 |
579 |
12 |
0 |
14 |
5 |
0 |
593 |
17 |
0 |
508 |
11 |
4 |
Nil |
508 |
11 |
4 |
85 |
5 |
8 |
||
|
3,000 |
754 |
12 |
0 |
51 |
15 |
0 |
806 |
7 |
0 |
666 |
18 |
0 |
13 |
5 |
0 |
680 |
3 |
0 |
126 |
4 |
0 |
|
3,500 |
929 |
12 |
0 |
103 |
10 |
0 |
1,033 |
2 |
0 |
825 |
4 |
8 |
75 |
15 |
0 |
900 |
19 |
8 |
132 |
2 |
4 |
|
4,000 |
1,104 |
12 |
0 |
178 |
10 |
0 |
1,283 |
2 |
0 |
983 |
11 |
4 |
138 |
5 |
0 |
1,121 |
16 |
4 |
161 |
5 |
8 |
* No account is taken in these figures of the abatement granted under sectin 14 of the Finance (No. 2) Act, 1959, to taxpayers coming within P.A.Y.E.