§ Mr. McKayasked the Chancellor of of the Exchequer the balance of income left after Income Tax and Surtax to a single man, a married man, and a married man with two children on incomes of £400, £1,000, £2,000, £3,000, £4,000, and £5,000, respectively. in 1938, and in 1955–56.
§ Mr. H. MacmillanThe figures are given in the following table
Gross income (all earned) Net income after Income Tax and Surtax At 1938–39 rates* At 1955–56 rates Single man— £ £ £400 365 367 £1,000 833 789 £2,000 1,586 1,458 £3,000 2,249 1,923 £4,000 2,864 2,323 £5,000 3,424 2,673 Married man (no children)— £400 387 391 £1,000 855 831 £2,000 1,608 1,501 £3,000 2,271 1,966 £4,000 2,886 2,366 £5,000 3,446 2,716 Married man (two children)— £400 398 400 £1,000 888 915 £2,000 1,641 1,586 £3,000 2,304 2,051 £4,000 2,919 2,451 £5,000 3,479 2,801 * Income Tax for 1938–39 and Surtax for 1937–38, as fixed by the Finance Act, 1938.