§ Mr. Sheldonasked the Chancellor of the Exchequer what estimate he has made of the revenue accruing from the introduction of a wealth tax at the rate of
£ million Rate of Tax Exemption limit 1 per cent. 2 per cent. 3 per cent. 4 per cent. 5 per cent. £20,000 … … … … 330 660 990 1,310 1,640 £50,000 … … … … 190 380 570 760 950 £100,000 … … … … 110 230 340 460 570 The estimates would depend on the precise scope of the tax and are liable to wide margins of error. As with previous similar costings, no account has been taken of the depletion or redisposition of personal wealth which might result from the tax, nor of any secondary effects on other taxes.