§ Mr. CARR-GOMMasked 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 GEORGEIn 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.