§ 31. Mr. Arbuthnotasked the Chancellor of the Exchequer what would have to be the standard rate of Income Tax to bring in the same revenue were husbands and wives to be assessed separately, including the personal allowances applicable to single people.
§ Mr. SimonThe standard rate would have to be increased by about one-twentieth of a penny, on the assumption that the separate assessment was optional; and applied only to earned income; and that each spouse was entitled only to the personal allowance of a single person.