TAXES 2001/2002

Ms Braema Mathiaparanam asked the Deputy Prime Minister and Minister for Finance how much in taxes, by each tax bracket, were due from women and from men in the financial year 2001/2002.

Mr Lee Hsien Loong: Income tax is collected on a Year of Assessment basis. Table A indicates the number of taxpayers and the total net tax collected for each (chargeable) income bracket in Year of Assessment 2001. Table A: Taxes paid by male and female taxpayers Chargeable Marginal Male Taxpayers Female Taxpayers Income ($) tax rate Number Total Number Total (%) Net Tax Net Tax Assessed Assessed ($/million) ($/million) <=7,500 2 16,837 10.9 6,185 3.8 7,501-20,000 5 79,646 13.5 49,855 6.0 20,001-35,000 8 174,698 100.7 103,756 56.5 35,001-50,000 12 70,105 125.9 35,964 63.2 50,001-75,000 16 52,102 207.6 22,044 85.2 75,001-100,000 20 24,744 190.7 7,678 58.4 100,001-150,000 22 23,927 331.3 6,091 82.6 150,001-200,000 23 12,817 297.3 2,561 58.6 200,001-400,000 26 17,103 745.1 2,595 107.9 > 400,000 28 6,365 1054.8 821 117.0 Total 478,344 3077.8 237,550 639.3 Note: Male taxpayers include those who opt for joint assessment.