§ Mr. LANE-FOXasked the Chancellor of the Exchequer what will be the increase of Income Tax and Super-tax, respectively, under the Budget proposals in the case of incomes of £5,000, £10,000, £15,000, and £50,000; and will he state the actual amounts now paid and to be paid hereafter under each tax in the case of such incomes?
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§ Mr. LLOYD GEORGEThe amounts of tax payable and the increases are as follows:—
INCOME TAX PAYABLE. Income. At the Rates in force in 1913–14. At the Rates proposed for 1914–15. Increase. £ £ s. d. £ s. d. £ s. d. 5,000 291 13 4 333 6 8 41 13 4 10,000 583 6 8 666 13 4 83 6 8 15,000 875 0 0 1,000 0 0 125 0 0 50,000 2,916 13 4 3,333 6 8 416 13 4 SUPER-TAX PAYABLE. 5,000 — 77 1 8 77 1 8 10,000 175 0 0 372 18 4 197 18 4 15,000 300 0 0 706 5 0 406 5 0 50,000 1,175 0 0 3,639 11 8 1,864 11 8 The above figures would be liable to reduction if allowance were claimed for life insurance premiums paid out of the income.