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Personal Income Tax
| TAX EXPENDITURE |
FY2014 |
FY2015 |
FY2016 |
FY2017 |
FY2018 |
|---|---|---|---|---|---|
| 1.000 - Exclusions from Gross Income | 3,911.2 | 4,008.3 | 4,026.2 | 4,122.9 | 4,251.6 |
| 1.100 - Deferrals of Gross Income | 939.6 | 1,253.1 | 1,395.0 | 1,577.2 | 1,752.5 |
| 1.200 - Deductions from Gross Income | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 |
| 1.300 - Accelerated Deductions from Gross Income | 114.2 | 114.1 | 110.3 | 108.2 | 106.2 |
| 1.400 - Deductions from Adjusted Gross Income | 881.1 | 895.9 | 923.8 | 946.1 | 971.9 |
| 1.500 - Preferential Rate of Taxation | 0.1 | 0.7 | 1.5 | 1.7 | 1.7 |
| 1.600 - Credits Against Tax | 249.3 | 254.5 | 264.6 | 345.2 | 353.3 |
| TOTAL | 6,095.9 | 6,527.0 | 6,721.8 | 7,101.7 | 7,437.6 |
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