§ Mr. Arbuthnotasked the Chancellor of the Exchequer what would be the cost of confining the incidence of Surtax to taxable income as computed for Income Tax purposes.
§ Mr. Arbuthnotasked the Chancellor of the Exchequer what would be the cost of raising from £2,000 to £3,000 the starting point of Surtax.
§ Mr. SimonTo move all the rates of Surtax up the income scale by £1,000 would cost £45 million a year.
§ Mr. Arbuthnotasked the Chancellor of the Exchequer what would be the cost of putting an overall ceiling of 15s. on the combined level of Income Tax and Surtax on any part of a taxpayer's income.
§ Mr. SimonI am not clear what my hon. Friend has in mind; but if it is to retain the present Surtax scale on incomes14W up to £6,000 when the rate now reaches 6s. 6d. in the pound and to charge all incomes in excess of that amount at 6s. 6d., so that the maximum combined rate of Income Tax and Surtax was 15s. in the pound, this would cost about £17 million a year.