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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.
No. 99.-ACTUAL INCOME of TAXPAYERS (a) for the Purposes of the INCOME TAX. (Compiled from the Annual Reports of the Inland Revenue Department.)
From the Ownership of Lands, Houses, &c.
From Business Concerns, Professions, Employments (except those of a Public Nature), and certain Interest.
(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.
(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).
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 £;
(Compiled from the Annual Reports of the Inland Revenue Department.)
Allowances from Actual Income.
Actual Income. (a)
Life Insurance Premiums.
Relief in respect
(and Wife, etc., from 1918-9)..
(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).