BACHELOR TAX
GOVERNMENT’S (PROPOSALS (From ‘‘Hie Mail’s” Parliamentary Reporter). WELLINGTON, This Day. It is stated that a bachelor tax will he among the proposals that the Minister of Finance (the Right Hon. J. G. Coates) will include in his income tax schedule, which may make its appearance in the House of Representatives shortly. It is understood that following the unofficial census taken bv the Land and Income Tax Department last year of incomes of £2OO and over, the conclusion has been reached that a lowering of the statutory exemption, which now stands at £260, will he the means of bringing a useful additional sum into the cofters of the State.
Reports have been current that the personal exemptions will be reduced to £2OO, but against this is the definite fact that those in receipt of that amount would automatically contract themselves out of the Department s reach through the exemption of £ll allowable for the payment of the wages tax and quarterly levy. It is expected that the adjustment will be so made as to preserve the full £260 exemption for married taxpayers. By this means the effect of a bachelor tax can be applied.
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Bibliographic details
Nelson Evening Mail, Volume LXVI, 13 February 1933, Page 5
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195BACHELOR TAX Nelson Evening Mail, Volume LXVI, 13 February 1933, Page 5
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