(ix)
ANALYSIS OF SALARIES TAX YIELDS IN TERMS OF INCOME OF TAXPAYERS
Appendix E(3) (cont'd)
Estimated salaries tax yields
(after budget concessions) in 1987-88
Assessable income
per annum ($)
No. of
taxpayers
Percentage of total taxpayers
Percentage of
Tax
total
yield
yield
($mn)
50,000 & under
151 000
29.2
90
1.3
50,001 - 100,000
173 500
33.5
630
8.8
100,001 - 240,000
145 000
28.0
2,350
33.0
240,001 - 300,000 300,001 - 500,000 500,001 & over
16 000
3.1
940
13.2
22 000
4.3
1,600
22.4
10 000
1.9
1,520
21.3
Total
517 500
100.0
7,130
100.0
It
should be noted that only 43 000 (8.3%) of the 517 500 taxpayers are estimated to pay tax in 1987-88 at the standard rate of 161/2%. This small group of taxpayers, however, will contribute almost $3,710 million or 52% of the total yield. The group of standard rate taxpayers includes (in round figures) -
10 000 single persons with incomes of $161,765 plus
per annum;
14 000
18 500
married couples with incomes of $252,941 plus per annum;
married couples with one or more children and/or dependent parents and with incomes of $285,294 plus per annum.
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