WAR TAXATION
SOURCES OP INCOME TAX REVENUE. (Pek United Pbess Association.) WELLINGTON, July 28. A roturn compiled by the Commissioner ! of Taxes and being published 'by tho Hon. A. M. Myers (Acting Minister of Finance) shows the different sources from -which tho ordinary and special war incoino taxes were derived for the financial year 1917-18. The following table shows tho classes of incomo tax payers, tho amount of ordinary income tax paid, and tho amount of special war tax paid: — Ordinary. Special Classes. Number. Tax. Tar. Companies 1,945 £1,245,067 £1,8G2,182 Landowners 12,548 520,061 951,713 Traders and manufacturers 7,637 200,323 295,633 Salaried persona ... 8,070 46,198 69,866 Professional 2,537 56,975 77,607 Deceased persons' estates and other trusts 2,211 79,110 130,563 Miscellaneous (income from investments, etc.) ... 2,721 64,745 103,695 Non-resident traders 245 14,167 15,274 Theatrical and other travelling companies 35 123 32 The various classes of incomo -were as follow:—1, under £650; 2, from £650 to £750; 3, from £750 to £850; 4, from £850 to £900; 5, from £900 to £1000; 6, from £1000 to £1500; 7, from £1500 to £2000; 8, from £2000 to £3000; 9, from £3000 to £4000; 10, from £4000 to £7000: ll) from £7000 to £10,000; 12, over £10,000. Tbo_ number of taxpayers and total assessable incomo in each case wore:—
Number of Taxpayers. Total income. 1 26,321 £10,305,090 2 2.29S 1,517,674 3 l,5!). r » 1,273,789 •1 _ 708 623,842 6 _. 930 892,661 6. _ ... _ 2,608 3495,495 7, .„ _. ... 1,10G 1,025,789 8 1,004 2,398,109 9 -. 435 1,491,972 i. 10. ._' _ „. 4C9 2,425,283 1L _ „. ... 185 1,561722 .12. _ ... „. 290 ' 9,043,347 - , Total ... 37,949 £36,G45,373 The main amounts of ordinary income tax and special war tax in each, case were-— Ordinary Income tax. War tax. L _ ._ _ £ 67,130 £112,344 2. _ ._ ... 23,598 32,685 3 26,767 31,990 4. ._ ._ ... 15,149 17,G61 5. „ _. ... 25,760 27,739 C. ... _. „ 102,846 131,383 7. „ _. _ 77,293 111,422 8. ... .„ _. 121,056 ' 188.605 9. ... _. „ 97,809 164,763 10. •„.._„ 232,440 397,942 11. ... _ „., 184,433 315,410 13. ._ ... „ 126,196 1,974,751 Total ... £24135,772 £3,506,808
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Bibliographic details
Otago Daily Times, Issue 17689, 29 July 1919, Page 6
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319WAR TAXATION Otago Daily Times, Issue 17689, 29 July 1919, Page 6
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