F
21
MARRED + 2 CHILDREN
PERSONAL, WIFE & CHILD ALLOWANCES
1971-2) 1972-3)- $18,000
1973-74
W
$25,000
Total
Tax
Equiv- alent
Charegeable
Income (before
Effec-
tive Reduc-
Тах
Reduc-
to tax
tion
deduction of
1971-2 1972-3 1973-4
personal
Rate of Tax
tion
1972-73
1973-4
and
at 1973-4 rates
allowance)
19734 Budget
Budgets
on Addi-
tional
Income
OF
3
$
$
#
%
1
$
24,000
132
120
1
120
132
30,000
577
525
250
0.8
275
327
# 5,770
36,000
1,155
1,050
600
1.7
450
555
5,550
42,000
1,935 1,750
1,200
2.9
550
735
5,900
48,000
2,925 2,625
1,950
4.1
675
975
6,500
54,000
4,155
3,700
2,850 5.3
850
1,305
6,775
60,000
5,595
4,950
4,000 6.7
950
1,595
7,380
66,000
7,275
72,000
9,075
78,000
10,875
9,750
7,975 6,750 8,400
6,375 5,250 8.0
9.4
1,125
2,025
8,100
1,225 2,325
8,250
10.8 1,350
2,475
8,250
* 83,500
12,525
11,400
10,050 12.0 1,350
2,475
8,250
84,000
12,600
11,550
90,000
13,500
10,200 12.1 1,350 2,400
13,350 12,000 13.3
8,000
6 91,000
13,650
96,000
14,400
100,000
15,000
13,650 12,300 13.5 14,400 13,800 14.4
15,000 15,000 15.0
1,350
1,350 1,350
600
1,500
5,000
4,500
600
2,000
Key
Tax on Gross Income
@ 15%
Level at which 15% on Gross Income applied 1971-72.
Level at which 15% on Gross Income applied 1972–73.
# These are the amounts which indicate as closely as feasible the quantum of the effective compensation for withdrawn allowances.
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