Chargeable
19
MARRIED
PERSONAL & WIFE ALLOWANCE 1971-2)
Income (before
deduction of
personal
allowances)
-
1972-3)
$14,000
1973-4
$20,000
Effec- tive
Rate
Tax Reduc- tion
Total Tax
Reduc-
Equiv- alent to tax at
1971-2
Tax
1972-3
Tax
1973-4
of Tax
1973-4
tion
1973-4
Tax
1973-4
Budget
1972-3
rates on
and
Addi-
1973-4 tional
Budgets Income
of
$
$
$
$
% $
$
18,000
22
20
+
20
22
24,000
412
375
200
0.8
175
212
# 4,240
30,000
935
850
500
1.7
350
435
4,350
36,000
1,655
1,500
1,100
3.1
400
555
5,033
42,000
2,585
2,325
1,800
4.3
525
.785
5,233
48,000
3,725
3,325
2,700
5.6
625
1,025
5,625
54,000
5,075
4,500
3,800
7.0
700
1,275
6,300
60,000
6,675
5,875
5,000
8.3
875
1,675
6,700
66,000
8,475
7,425
6,500
9.8
925
1,975
7,250
72,000
10,275
9,125
8,100
11.2
1,025
2,175
7,250
*
75,500
11,325
10,200
9,150
12.1
1,050
2,175
7,250
78,000
11,700
10,950
9,900
12.7
1,050
1,800
6,000
$83,000
12,450
12,450
*1,400
13.7
1,050 1,050
3,500
84,000
12,600
12,600
11,700
13.9
900
900
3,000
90,000
13,500
13,500 13,500
15.0
1
1
Key
K K
Tax on Gross Income
@ 19%
Level at which 19% on Gross Income applied 1971-2.
疗
Level at which 15% on Gross Income applied 1972-3.
#
These are the amounts which indicate as closely as feasible the quantum of the effective compensation for the withdrawn allowances.
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