asked the Minister for Finance the total amount of tax and the percentage of gross income paid in respect of the current tax year by a married man with two children earning a gross income of (a) £3,000 (b) £4,000 (c) £5,000 (d) £6,000 (e) £7,000 and (f) £8,000; and if he will furnish the same information for the same range of incomes, corrected for inflation, in respect of each of the tax years 1975, 1976 and 1977.
Written Answers. - Tax Payments.
310.
As the reply is in the form of a tabular statement I propose with the permission of the Ceann Comhairle to circulate it with the Official Report.
Following is the statement:
|
1977-78 |
||
|
Gross income |
Income tax |
Tax as a percentage of gross income |
|
£ |
£ |
|
|
3,000 |
330 |
11.00 |
|
4,000 |
672 |
16.80 |
|
5,000 |
1,022 |
20.44 |
|
6,000 |
1,372 |
22.87 |
|
7,000 |
1,814 |
25.91 |
|
8,000 |
2,285 |
28.56 |
For the purposes of the second part of the question the year 1974-75 has been taken as the base year and gross income for 1975-76 and 1976-77 has been adjusted in each case to take account of increases in the consumer price index since 1974-75. Corresponding figures for the year 1977-78 cannot be computed until the consumer price index figures for mid-November, 1977, and mid-February, 1978, become available.
|
1974-75 |
1975-76 |
1976-77 |
||||||
|
Gross income |
Income tax |
Tax as a % of gross income |
Gross income |
Income tax |
Tax as a % of gross income |
Gross income |
Income tax |
Tax as a % of gross income |
|
£ |
£ |
£ |
£ |
£ |
£ |
|||
|
3,000 |
490.50 |
16.35 |
3,567 |
648.24 |
18.17 |
4,212 |
854.22 |
20.28 |
|
4,000 |
840.50 |
21.01 |
4,756 |
1,106.01 |
23.26 |
5,616 |
1,394.76 |
24.84 |
|
5,000 |
1,190.50 |
23.81 |
5,946 |
1,587.92 |
26.71 |
7,020 |
2,065.10 |
29.42 |
|
6,000 |
1,608.00 |
26.80 |
7,135 |
2,176.47 |
30.50 |
8,424 |
2,824.32 |
33.53 |
|
7,000 |
2,108.00 |
30.11 |
8,324 |
2,830.37 |
34.00 |
9,828 |
3,673.74 |
37.38 |
|
8,000 |
2,675.50 |
33.44 |
9,513 |
3,549.71 |
37.31 |
11,232 |
4,676.28 |
41.63 |
Notes:
(1) Gross income is taken as computed for income tax purposes, that is, after deduction of superannuation and social welfare contributions and expenses but before deduction of personal allowances and reliefs.