-59-
10'/
(3R1382)
(300*803)
Annual
Present tax payable (Exemption level: $70,000)
Effective
Tax
(388*173)
ل حوال
amandatura sRNA Va
yw,w,
REDUCTION IN THE STANDARD RATE AND REVISION OF THE MARGINAL TAX RATES WILL, HAVE ON SALARIES TAX AT VARIOUS INCOME LEVELS
Married person, with no children
Proposed tax payable (without work- ing wife) (Exemption level; $74,000)
Effective
Tax
Proposed tax payable (with working wife) (Exemption level: $87,636*)
Effective
income
Amount
(A)
rate
Amount
rate
(B)
saving (A) - (B)
Amount rate
(c)
(A)
-
saving
(C)
Remarks
($)
($)
(%)
($)
(%)
($)
(%)
($)
(%)
($)
(%)
72,000
110
0.2
1
110
100.0.
110
100.0
74,000
220
90.3
220 100.0
220
100.0
This group receives full bene- fit from the increase in
76,000
330
0.4
66
0.1
264
80.0
330
100.0
#0
84,000
1,040
1.2
360
0.4
680
65.4
I
1,040
100.0
personal allowance and the working wife allowance.
96,000
2,790
2.9
1,278
1.3
1,512
54.2
276
0.3
2,514
90.1
108,000
4,860
4.5
2,688
2.5
2,172
44.7
1,116
1.0
3,744
77.0
120,000
7,500
6.3
4,608
3.8
2,892
38.6
2,472
2.1
5,028
67.0
132,000
10,550
8.0
7,098
5.4
3,452 32.7
4,320
3.3
6,230
59.1
144,000
13,850
9.6
10,150
7.0
3,700 26.7
6,720
4.7
7,130
51.5
168,000
20,450
12.2
16,750
10.0
3,700
18.1
13,000
7.7
7,450
36.4
180,000
23,500
13.1
20,050
11.1
3,450 14.7
16,300
9.1
7,200
30.6
192,000
26,500
13.8
23,350
12.2
3,150
11.9
19,600
10.2
6,900
26.0
This group receives partial benefit from the increase in personal allowance but the full benefit of the revision to the marginal tax rates
and the working wife allowance.
204,000
29,500
14.5
26,650
13.1
2,850
9.7
22,900
11.2
6,600 ..
22.4
{
213,000
31,750
14.9
29,125
13.7
2,625
8.3
25,375
11.9
6,375
20.1
214,000
32,000
15.0
29,400
13.7
2,600
8.1
25,650 12.0
6,350
19.8
228,000
35,000
15.6
*32,900
14.4
2,600 7.3
29,150 12.8
6,350
17.9
};
240,000
38,500
16.0
35,900
15.0
2,600 6.8
32,150 13.4
6,350
16.5
(252,941)
41,735
16.5
39,135
15.5
2,600
6.2 35,385
14.0
.6,350
15.2
i
This group receives no bene-- fit from the increase in
personal allowance but the full benefit of the revision
to the marginal tax rates and the working wife allowance.
(253,684) (293,158)
41,857
16.5
48,371
16.5
39,321. 45,439
15.5
15.5
2,536
2,932
6.1 35,571 14.0
6.1. 45,439 15.5
6,286
15.0
Standard rate taxpayers.
2,932
6.1
..
*
The examples shown above are calculated on the basis that the wife's income is in excess of the Working Wife Allowance of $15,000.