HC Deb 22 April 1918 vol 105 c709

Now I come to the Super-tax. I propose to make the maximum rate 4s. 6d. in the £, instead of 3s. 6d. as at present, and beginning at incomes of £2,500, instead of £3,000 as at present. From this source it is estimated that we shall derive £9,200,000 in the current year and £14,150,000 in a full year. The particulars of the scale are all contained in the White Paper, but perhaps it may interest the House if I give one or two examples of what the effect of the Income Tax and Super-tax combined is upon a given income. Upon an income of £3,000 a combination of these two taxes will make an actual tax of 6s. 5d. in the £; on an income of £5,000 it will be 7s. 2d.; on £7,000 it will be 7s. 9d.; on £10,000 it will be 8s. 4d.; and on £20,000 it will be 9s. 5d. in the £.