HC Deb 14 May 1914 vol 62 c1298W
Mr. CARR-GOMM

asked the Chancellor of the Exchequer whether the Memorandum on the Super-tax in 1914–15, issued by the Income Tax Commissioners, mean." that in the case of incomes of £8,000 and over the Super-tax will be graduated according to the scale set out in the Memorandum, or whether the whole of the income above £2,500 will be taxed at the rate of 1s. 3d. in the £?

Mr. LLOYD GEORGE

In the case of incomes of £8,000 and over, the Super-tax will be graduated according to the scale set out in the Memorandum referred to in the question. The Super-tax on £10,000 will be made as follows:—

Pence.
500 × 5d. 2,500
1,000 × 7d. 7,000
1,000 × 9d. 9,000
1,000 × 11d. 11,000
1,000 × 1s. 1d. 13,000
1,000 × 1s. 3d. 15,000
1,000 × 1s. 4d. 16,000
1,000 × 1s. 4d. 16,000
89,500 = £372 18s. 4d.