§ Mr. John Hallasked the Chancellor of the Exchequer his estimate for the year 1957–58 of the total number of incomes up to and including £1,000 and over £1,000, respectively, and of the total tax likely to be paid by each category.
§ Mr. SimonThe following estimates are provisional:
Range of income before tax Number of incomes Income Tax and Surtax Million £ Million £180–£1,000 … 18.5 670 Over £1,000 … 2.0 950 TOTAL … 20.5 1,620 The joint income of husband and wife is counted as one unit. Incomes exempt from tax on account of age are excluded.
§ Mr. John Hallasked the Chancellor of the Exchequer what percentage of the total working population is exempt from income tax; and what percentage pays an effective rate of 2s. or less on each £ of income.
§ Mr. SimonAbout 25 per cent. pay no tax because their incomes are covered by allowances and a further 55 per cent, pay at an effective rate of 2s. or less on each £ of income.