20
MARRIED +
1 CHILD
PERSONAL, WIFE & CHILD ALLOWANCE
1971-2) 1972-3)
-
$16,000
Chargeable
Effec-
Tax
Total
Income (before
tive
deduction of
Rate
Reduc- tion
Tax
Reduc-
1973-74 - $23,000
Equiv- alent to tax at
personal
1971-2
1972-3
1973-4
of Tax
1973-4
tion
1973-4
allowances)
Tax
Tax
Tax
1973-4
Budget
1972-3
rates on
and
Addi.
1973-4
tional
Budgets
Income
of
$
$
$
$
%
$
**
翡
箔
24,000
302
275
50
0.2
225
252
# 5,040
30,000
742
675
350
1.1
325
392
5,420
36,000
1,375
1,250
800
2.2
450
575
5,750
42,000
2,245
2,025
1,400
3.3
625
.845
5,966
48,000
3,325
2,975
2,250
4.7
725
1,075
6,625
54,000
4,615
4,100
3,200
5.9
900
1,415
7,075
60,000
6,115
5,400
4,400
7.3
1,000
1,715
7,460
66,000
7,875
6,875
5,750
8.7
1,125
2,125
8,250
72,000
9,675
8,550
7,250
10.1
1,300
2,425
8,250
78,000
11,475
10,350
9,000
11.5
1,350
2,475
8,250
* 79,500
11,925
10,800 9,450
11.9
1,350
2,475
8,250
84,000
12,600
12,150 10,800
12.9
1,350
1,800
6,000
87,000
90,000
96,000
13,050 13,050 11,700
13,500 13,500 14,400 14.400 14,400
13.4
1,350
1,350
4,500
12,600
14.0
900
900
3,000
15.0
Key
Tax on Gross Income
@ 15%
Level at which 15% on Gross Insome applied 1971-72.
Level at which 19% on Gross Income applied 1972-73.
# These are the amounts which indicate as closely as feasible the quantum of the effective compensation for the withdrawn allowances,
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