Taxation
Sir.—The National Party, in 1960, stated it would reduce taxation. I suggest a start be made with the con. ditions that have produced form 1.R.3. Surely a more simple and equitable form could be forthcoming. The additional exemption of £45 for persons over 65 should be restored. Because my wife receives the universal I am classed Code S (single). What an absurdity! My total income is £473; my personal exemption is £468: yet according to the formula provided, my provisional tax works out at £B. Yet social security tax has been deducted at the source. It's a mystery, inasmuch as my excess income is £5. which at 3s in the £ is 15s— Yours, etc., S. ANN. May 10. 1961.
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Press, Volume C, Issue 29510, 11 May 1961, Page 3
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120Taxation Press, Volume C, Issue 29510, 11 May 1961, Page 3
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