22
MARRIED + 6
PERSONAL, WIFE & CHILDREN ALLOWANCES
CHILDREN
-
1971-2) 1972-3)- $22,000
1973-4
-
$29,000
Chargeable
Income (before
Effec- tive
Тах
Reduc-
Total Tax
Equiv alent
deduction of
Rate
tion
Reduc-
to tax at
personal
1971-2
allowances)
Тах
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
$
3
$
३२
%
$
$
$
30,000
302
275
50
0.2
252
252
# 5,040
36,000
742
675
350
1.0
325
392
5,420
42,000
1,375
1,250
800
1.9
450
575
5,750
48,000
2,245
2,025
1,400
2.9
625
845
5,966
54,000
3,325
2,975
2,250
4.2
725
1,075
6,625
60,000
4,615
4,100
3,200
5.3
900
1,415
7,075
66,000
6,115
5,400
4,400
6.7
1,000
1,715
7,460
72,000
7,875
6,875
5,750
8.0
1,125
2,125
8,250
78,000
9,675 8,550
7,250
9.3
1,300 2,425
8,250
84,000
11,475 10,350
9,000
10.7
1,350 2,475
8,250
90,000
13,275 12,150
10,800
12.0
1,350
2,475
8,250
*
91,500
13,725
12,600 11,250
12.3 1,350
2,475
8,250
96,000
14,400
13,950
12,600
13.1
1,350
1,800
6,000
$99,000
14,850
14,850
13,500
13.6
1,350. 1,350
4,500
102,000
15,300 15,300
14,400
14.1
900
900
3,000
108,000
16,200 16,200
16,200
15.0
Tax on Gross Income
@ 15%
Key
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# These are the amounts which indicate as closely as feasible the quantum of the effective compensation for the withdrawn allowances.
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