Appendix F(3) (cont'd)
(xii) ANALYSIS OF ESTIMATED SALARIES TAX YIELD (AFTER
BUDGET CONCESSIONS) BY INCOME GROUP IN 1988-89
Assessable income group
per anum ($)
No. of taxpayers
Percentage of
Tax
total taxpayers
yield
Percentage of total yield
(%)
($M)
(2)
50,000 & under
223 000
31.9
50
0.7
50,001 - 100,000
228 000
32.6
430
5.5
100,001 - 240,000
180 000
25.7
2,110
27.5
240,001 - 300,000
26 000
3.7
1,150
15.0
300,001 - 500,000
30 000
4.3
2,030
26.5
500,001 & over
13 000
1.8
1,890
24.7
Total
700 000
100.0
7,660
100.0
of 700 000 taxpayers only 53 000 (or 7.6%) are estimated to pay tax at the standard
rate of 15% in 1988-89. This small group of taxpayers, however, will contribute
about $4,300 million or 56% of the total tax yield and is composed of -
13 000
single persons with armual incomes of $172,105 or more;
17 000
married couples with annual incomes of $253,684 or more; and
23 500
married couples with one or more children
and/or dependent parents and with anual incomes of $285,263 or more.
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