(x)
Appendix F(3) (cont'd)
INCOME LEVELS ABOVE WHICH SALARIES TAXPAYERS BEGIN TO PAY TAX AT THE MAXIMUM 25% MARGINAL RATE
Present
Proposed
Without working With working wife allowance wife allowance
($)
($)
($)
No dependent parent
Single
88,545
99,636
Married
124,545
137,636
151,273
Married + 1 child
134,545
148,545
162,182
Married + 2 children
141,818
156,273
169,909
Married + 3 children
144,545
159,000
172,636
Including two dependent parents
Single
104,909
117,818
Married
140,909
155,818
169,455
Married + 1 child
150,909
166,727
180,364
Married + 2 children
158,182
174,455
188,091
Married 3 children
160,909
177,182
190,818
Including two dependent parents
with additional allowance
Single
110,364
123,273
Married
146,364
161,273
174,909
Married + 1 child
156,364
172,182
185,818
Married + 2 children
163,636
179,909
193,545
Married
3 children
166,364
182,636
196,273
The examples above are calculated on the basis that the wife's income is in excess of the working wife allowance of $15,000.
-62-
No comments yet.
Private notes are available after approval.