NOTE.-As an increase of duty may lead to a diminished consumption or use of the articles taxed the gain to the Revenu is not necessarily a measure of the burden of the increase on the taxpayer NOTE. As a reduction or repeal of duty as a rule leads to an increase consumption or use of the articles affected, the gain to payer is usually greater than the loss to the Revenue resulting from such reductions or repeal. NOTE-As an increase of duty may lead to a diminished consumption or use of the article taxed the gain to the Revenue is no necessarily a measure of the burden of the increase on the taxpayer. (a) Net Estimates after allowing for additionai drawbacks on Imported and Home-made Beer. (b) Estimates as revised on account of modifications made after the introduction of the Budget. (e) As estimated when the duty was proposed after the introduction of the Budget. 1916-7(c)- 1918-9 1920-1 1921-2 1922-3 1923-4(c) 1924-5 No. 99.-ACTUAL INCOME of TAXPAYERS (a) for the Purposes of the INCOME TAX. (Compiled from the Annual Reports of the Inland Revenue Department.) £ 150,657,390 150,712,959 151,874,288 153,159,700 154,249,416 155,626,880 161,404,490 161,192,210 164,947,334 166,782,894 161,513,536 162,837,871 171,037,559 From the Ownership of Lands, Houses, &c. 201,949,874 530,307,642 941,720,122 1,557,254,243 1,512,866,602 1,357,124,875 872,293,022 914,322,635 SCOTLAND. SCHEDULE A. 99,230,068 131,579,941 165,521,943 211,252,237 221,655,611 180,458,654 156,125,387 103,298,368 94,118.094 SCHEDULE D. From Business Concerns, Professions, Employments (except those of a Public Nature), and certain Interest. IRELAND. £ 14,545,076 14,789,148 14,848,555 15,058,927 17.512,493 21,385,953 30,120,948 37,699,537 30,662,977 31,716,601 (e) 9,609,662 192,276,374 63,501,025 58,867,641 57,684,786 60,513,534 (e)21,934.920 (a) The" actual income " is the statutory income of the taxpayer, estimated in accordance with the provisions of the Income Tax Acts, after deduction of the income of individuals below the effective exemption limit. 1916-7 1917-8 1918-9 1919-20 1920-1 1921-2 1922-3 1923-4 1915-6 1916-7 1917-8 1918-9 1919-20 1920-1 1921-2 1922-3 1923-4 1924-5 (b) The "profits" of Nurseries and Market Gardens and the "assumed profits" (for years prior to 1915-16 one-third of the "annual value," for the years 1915-6 to 1917-8, 1922-3 and 1923-4 the full "annual value," and for the years 1918-9 to 1921-2 twice the "annual value") of other lands. (c) From 1916-7 to 1922-3 the figures of income under Schedule D include wages of weekly wage-earners assessed quarterly; for 1923-4 and 1924-5 these are included under Schedule E. (d) From 1923-4 onwards Employments are assessed under Schedule E. (e) Excluding Irish Free State. NOTE--For information relating to the Number and Amounts of Incomes of Taxpayers, classified according to amounts (1919-20), see the 64th Inland Revenue Report (pp. 112-113). INCOME TAX. NET PRODUCE of the TAX ; the ACTUAL INCOME, ALLOWANCES, and TAXABLE INCOME ; the NORMAL RATE in the £; and the PRODUCE for each PENNY of the NORMAL RATE. No. 100.-INCOME TAX, EFFECTIVE RATE in the £; YEARS ended (Compiled from the Annual Reports of the Inland Revenue Department.) Allowances from Actual Income. 5th April. Actual Income. (a) Abatements. Life Insurance Premiums. Relief in respect Taxable of Children Total (and Wife, etc., from 1918-9).. Allowances. less Allowances). INCOME TAX. 1,052,192,825 1,348,532,531 272,978,496 27.29 46 5,055,157 (d)1924-5 (a) See note (a) on page 142. (d) Excluding Irish Free State. (b) The Net Produce represents the ultimate yield of the assessments made in any particular year. (c) A full description of these allowances and deductions is contained in the Sixty-fifth Report of the Commissioners Inland Revenue (Cmd. 1780). |