Mrs. Jegerasked the Chancellor of the Exchequer how much it would cost to abolish the aggregation of the incomes of husbands and wives for Surtax purposes, and treat the two incomes separately.
§ Mr. P. ThorneycroftAbout £4½ million in a full year, on the assumption that the separation applied only to earned income. There is no information on which to estimate the effect of aggregation of investment income.
Mrs. Jegerasked the Chancellor of the Exchequer how many working wives are paying Surtax on the whole of their incomes; and what yield in taxation this produces.
§ Mr. P. ThorneycroftAbout 80,000, taking the wife's earned income as the 177W top slice of the joint income. The Surtax payable on the wife's earned income on the same assumption is nearly £4 million.