[holding answer 23 July 2007]: The estimated costs of uprating the threshold at which taxpayers start paying income tax at the higher rate in line with earnings from 1998-99 are in the table.
Cost 1998-99 40 1999-2000 340 2000-01 890 2001-02 1,020 2002-03 1,600 2003-04 1,830 2004-05 2,200 2005-06 2,470 2006-07 2,920 2007-08 3,240
These are based on the Survey of Personal Incomes, of which 2004-05 is the latest available. Estimates for later years are based on projections in line with Budget 2007 assumptions.