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BRITISH EMPIRE AT WAR
abatements referred to, up to a maximum of 22½ per cent, payable on the total income; and the rate varies accordingly as the income is earned or unearned. Unearned incomes of upwards of $10,000 pay 25 per cent. on the whole income; earned incomes of more than $12,500 pay similarly.
Super-tax applies to all incomes in excess of $15,000 as an additional duty, irrespective of ordinary income-tax. It is levied upon amounts in excess of a fixed sum of $12,500; and the tax is graduated from a minimum of 4⅙ per cent. of the first $2500 of the excess over $12,500 to a maximum of 17½ per cent. payable on that portion of the income exceeding $50,000.
