§ Mr. Knoxasked the Chancellor of the Exchequer how much revenue would be raised if all income above £5,000, £6,000, £7,000, £8,000, £9,000, £10,000 and £20,000 were taxed at a marginal rate of 100 per cent.; and what the total of extra revenue in each case would be if existing revenue were subtracted.
§ Mr. Robert SheldonAssuming that the allowances and rates of tax prepared for 1975–76 apply the figures are as follows:
Limit of net income after tar Yield £ £m 5,000 960 6,000 450 7,000 235 8,000 100 9,000 65 10,000 35 20,000 5