Appendix F(3)
(i) EFFECT ON TAX PAYABLE DUE TO THE REVISION
OF THE MARGINAL TAX RATES
Present
Proposed
Cumulative
Cumulative
geable income Rate
Tax
tax
Rate
Tax
tax
(A)
(B)
Tax reduction (A) – (B)
($)
($)
($)
($)
($)
(%)
st $10,000
5%
500
500
3%
300
300
200
40.0
: $10,000
10%
1,000
1,500
6%
600
900
600
40.0
: $10,000
15%
1,500
3,000
9%
900
1,800
1,200
40.0
= $10,000
15%
1,500
4,500
12%
1,200
3,000
1,500
33.3
: $10,000
20%
2,000
6,500
15%
1,500
4,500
2,000 30.8
: $10,000
20%
2,000
8,500
18%
1,800
6,300
2,200
25.9
: $10,000 25%
2,500
11,000
21%
2,100
8,400
2,600
23.6
- $10,000
25%
2,500
13,500
25%
2,500
10,900
2,600
19.3
$80,000
unsile irrogle mi beaumudi wh alvey ed to altered Huf et ted
**
WR X
sapud crate muzant die
Module MOLASSENE
ii..
chaan 100 fanigu
eden prebred
OOR 02
of theike woman - 197
000 00
-53-
No comments yet.
Private notes are available after approval.