The existing laws covering libel in this country are thought by many to be inadequate. Under the existing conditions many children are going hungry. More examples
To determine their payment using the income formula, subtract $20,700 (filing threshold) from $70,000 (2016 household income). The result is $49,300. Two and a half percent of $49,300 equals $1,232.50.
Income tax threshold to be increased effective July 1, 2016. Legislation has now been amended to bring into law, the increase in the income tax threshold from $592,800 to $1,000,272, effective July 1, 2016. This change will positively impact employed and self-employed individuals as well as pensioners.