Personal Income Tax


Fiscal Year 2019 Personal Income Tax (in Millions)   (detail)
TAX EXPENDITURE
FY2015

FY2016

FY2017

FY2018

FY2019
1.000 - Exclusions from Gross Income 4,307.4 4,300.8 4,292.2 4,383.4 4,640.8
1.100 - Deferrals of Gross Income 1,177.3 1,423.1 1,626.5 1,853.6 2,095.6
1.200 - Deductions from Gross Income 0.7 0.7 0.7 0.7 0.7
1.300 - Accelerated Deductions from Gross Income 116.6 241.2 239.2 238.1 234.4
1.400 - Deductions from Adjusted Gross Income 873.0 873.6 900.7 934.4 964.6
1.500 - Preferential Rate of Taxation 0.7 1.5 1.7 1.7 1.9
1.600 - Credits Against Tax 245.3 249.1 336.2 342.3 345.9
TOTAL 6,721.0 7,090.0 7,397.2 7,754.2 8,283.9

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