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Thursday, 3 April 1941

Senator LECKIE (VICTORIA) (Minister without portfolio assisting the Minister for Trade and Customs) -The Minister for Labour and National Service has supplied the following answers : -

The following figures are baaed on the Commonwealth income tax rates at present in force for income from personal exertion. No account is taken of State taxation, because it is assumed that the States will not withdraw their concessional deductions: -

(a)   Extra tax would be £7 to nil, depending on thesize of his taxable income as a result of the withdrawal of the concessional deduction. This could in any case not amount to more than £50. The payment of £13 endowment would make the net benefit £6 to £13.

(b)   Assuming for the sake of simplicity that his only remaining concessional deductions were £100 for a wife and one child (i.e., ignoring probable deductions for State taxation and insurance, &c.),thenetbenefit would be £6 per child receiving endowment, a total of £12.

(c)   On the same assumption as for (b), the loss per child is £1, making a total of £2.

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