asked the Minister for Finance if he will give up-to-date details on income tax in the form of a reply of 4th May, 1965.
Written Answers. - Income Tax.
124.
Following is the information:
SINGLE PERSONS
|
1 |
2 |
3 |
4 |
||||||||||
|
Income (Earned) |
1938-39 Income Tax Rates |
1968-69 Income Tax Rates |
Income Tax liability as percentage of income |
||||||||||
|
(a) |
†(b) |
(a) |
†(b) |
(a) |
(b) |
(a) |
(b) |
||||||
|
1938-39 Income |
Equivalent 1968-69 Income |
1938-39 actual liability |
Equivalent 1968-69 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) |
1968-69 Col. 3(a) and 1(b) |
||||||
|
£ |
£ |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
|||
|
100 |
368 |
— |
— |
14 |
14 |
0 |
* |
— |
4.0 |
||||
|
200 |
736 |
4 |
13 |
9 |
17 |
5 |
0 |
111 |
6 |
0 |
545 |
2.3 |
15.1 |
|
300 |
1,104 |
16 |
17 |
6 |
62 |
2 |
0 |
207 |
18 |
0 |
235 |
5.6 |
18.8 |
|
400 |
1,472 |
35 |
12 |
6 |
131 |
2 |
0 |
304 |
10 |
0 |
132 |
8.9 |
20.7 |
|
500 |
1,840 |
55 |
2 |
6 |
202 |
17 |
2 |
401 |
2 |
0 |
98 |
11.0 |
21.8 |
|
600 |
2,208 |
75 |
7 |
6 |
277 |
7 |
7 |
515 |
18 |
0 |
86 |
12.6 |
23.4 |
|
700 |
2,576 |
95 |
12 |
6 |
351 |
18 |
0 |
644 |
14 |
0 |
83 |
13.7 |
25.0 |
|
800 |
2,944 |
115 |
17 |
6 |
426 |
8 |
4 |
773 |
10 |
0 |
81 |
14.5 |
26.3 |
|
900 |
3,312 |
136 |
2 |
6 |
500 |
18 |
9 |
902 |
6 |
0 |
80 |
15.1 |
27.2 |
|
1,000 |
3,680 |
156 |
7 |
6 |
575 |
9 |
2 |
1,031 |
2 |
0 |
79 |
15.6 |
28.0 |
MARRIED PERSONS
|
1 |
2 |
3 |
4 |
||||||||||
|
Income (Earned) |
1938-39 Income Tax Rates |
1968-69 Income Tax Rates |
Income Tax liability as percentage of income |
||||||||||
|
(a) |
†(b) |
(a) |
†(b) |
(a) |
(b) |
(a) |
(b) |
||||||
|
1938-39 Income |
Equivalent 1968-69 Income |
1938-39 actual liability |
Equivalent 1968-69 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) |
1968-69 Col. 3(a) and 1(b) |
||||||
|
£ |
£ |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
|||
|
100 |
368 |
— |
— |
— |
— |
— |
— |
||||||
|
200 |
736 |
— |
— |
55 |
6 |
0 |
* |
— |
7.6 |
||||
|
300 |
1,104 |
2 |
16 |
3 |
10 |
7 |
0 |
151 |
18 |
0 |
1,367 |
0.9 |
13.8 |
|
400 |
1,472 |
13 |
2 |
6 |
48 |
6 |
0 |
248 |
10 |
0 |
414 |
3.3 |
16.9 |
|
500 |
1,840 |
32 |
12 |
6 |
120 |
1 |
2 |
345 |
2 |
0 |
187 |
6.5 |
18.8 |
|
600 |
2,208 |
52 |
17 |
6 |
194 |
11 |
7 |
459 |
18 |
0 |
136 |
8.8 |
20.8 |
|
700 |
2,576 |
73 |
2 |
6 |
269 |
2 |
0 |
588 |
14 |
0 |
119 |
10.4 |
22.9 |
|
800 |
2,944 |
93 |
7 |
6 |
343 |
12 |
4 |
717 |
10 |
0 |
109 |
11.7 |
24.9 |
|
900 |
3,312 |
113 |
12 |
6 |
418 |
2 |
9 |
846 |
6 |
0 |
102 |
12.6 |
25.6 |
|
1,000 |
3,680 |
133 |
17 |
6 |
492 |
13 |
2 |
975 |
2 |
0 |
98 |
13.4 |
26.5 |
MARRIED PERSONS WITH TWO CHILDREN OVER 11 YEARS
|
1 |
2 |
3 |
4 |
||||||||||
|
Income (Earned) |
1938-39 Income Tax Rates |
1968-69 Income Tax Rates |
Income Tax liability as percentage of income |
||||||||||
|
(a) |
†(b) |
(a) |
†(b) |
(a) |
(b) |
(a) |
(b) |
||||||
|
1938-39 Income |
Equivalent 1968-69 Income |
1938-39 actual liability |
Equivalent 1968-69 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) |
1968-69 Col. 3(a) and 1(b) |
||||||
|
£ |
£ |
£ |
s. |
d. |
£ |
s. |
d. |
£ |
s. |
d. |
|||
|
100 |
368 |
— |
— |
— |
— |
— |
— |
||||||
|
200 |
736 |
— |
— |
— |
— |
— |
— |
||||||
|
300 |
1,104 |
— |
— |
46 |
18 |
0 |
* |
— |
4.2 |
||||
|
400 |
1,472 |
— |
— |
143 |
10 |
0 |
* |
— |
9.7 |
||||
|
500 |
1,840 |
8 |
8 |
9 |
31 |
1 |
0 |
240 |
2 |
0 |
673 |
1.7 |
13.0 |
|
600 |
2,208 |
25 |
17 |
6 |
95 |
4 |
4 |
354 |
18 |
0 |
273 |
4.3 |
16.1 |
|
700 |
2,576 |
46 |
2 |
6 |
169 |
14 |
9 |
483 |
14 |
0 |
185 |
6.6 |
18.8 |
|
800 |
2,944 |
66 |
7 |
6 |
244 |
5 |
2 |
612 |
10 |
0 |
151 |
8.3 |
20.8 |
|
900 |
3,312 |
86 |
12 |
6 |
318 |
15 |
7 |
741 |
6 |
0 |
133 |
9.6 |
22.4 |
|
1,000 |
3,680 |
106 |
17 |
6 |
393 |
6 |
0 |
870 |
2 |
0 |
121 |
10.7 |
23.6 |
†The "equivalent 1968-69" figures represent the 1938-39 figures adjusted by reference to the Consumer Price Index at mid-August, 1968.
*Not applicable. There was no actual liability for 1938-39 and consequently no equivalent 1968-69 liability emerges.