Appendix E(3) (cont'd)
(exempt up to $62,000)
Single person, with two children and two dependent parents
Present
Proposed
(exempt up to $71,000)
Annual income
Tax
Effective
Tax
Effective
Tax
payable
rate
payable
rate
saving
($)
(%)
($)
(%)
($)
(%)
73,000
600
0.8
295
0.4
305
50.8
84,000
1,800
2.1
1,300
1.5
500
27.8
96,000
3,800
4.0
3,000
3.1
800
21.1
108,000
6,200
5.7
4,900
4.5
1,300
21.0
120,000
9,000
7.5
7,300
6.1
1,700
18.9
144,000
15,000
10.4
13,000
9.0
2,000
13.3
180,000
24,000
13.3
22,000
12.2
2,000
8.3
216,000
33,000
15.3
31,000
14.4
2,000
6.1
252,000
42,000
16.7
40,000
15.9
2,000
4.8
(262,500)
44,625
17.0
42,625
16.2
2,000
4.5
(270,588)
45,999
17.0
44,647
16.5
1,352
2.9
Married person, with two children and two dependent parents
(exempt up to $93,000)
(exempt up to $107,000)
109,000
1,100
1.0
295
0.3
805
73.2
120,000
2,550
2.1
1,300
1.1
1,250
49.0
144,000
7,250
5.0
5,380
3.7
1,870
25.8
180,000
16,250
9.0
14,250
7.9
2,000
12.3
216,000
25,250
11.7
23,250
10.8
2,000
7.9
252,000
34,250
13.6
32,250
12.8
2,000
5.8
288,000
43,250
15.0
41,250
14.3
2,000
4.6
324,000
52,250
16.1
50,250
15.5
2,000
3.8
(359,375)
61,093
17.0
59,093
16.4
2,000
3.3
(361,765)
61,500
17.0
59,691
16.5
1,809
2.9
87
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