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A NEW TAX SYSTEM (FAMILY ASSISTANCE) (CONSEQUENTIAL AND RELATED MEASURES) ACT (NO. 1) 1999 - SCHEDULE 1
- Parenting payment ordinary income test taper amendments
Social Security Act 1991
1 Points 1068B-D30 and 1068B-D31 Repeal the points,
substitute:
Lower range reduction
1068B-D30 The person's lower range reduction is an amount equal to 50% of the
part of the person's ordinary income excess that does not exceed $183.
Upper
range reduction
1068B-D31 The person's upper range reduction is an amount equal to 70% of the
part (if any) of the person's ordinary income excess that exceeds $183.
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