§ Mr. W. Hamiltonasked the Chancellor of the Exchequer what gross income is required by an individual to yield a net annual return of £6,000, £12,000 and £18,000, respectively.
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§ Mr. GreenAssuming that the taxpayer is a married adult employee without children or dependants the amounts are £9,976 7s. 0d., £56,418 14s. 0d. and £109,752 0s. 0d. if the income is all earned. For a similar non-employed taxpayer whose income is all from investment the amounts are £24,170 9s. 0d., £77,503 16s. 0d. and £130,837 3s. 0d.
§ Mr. W. Hamiltonasked the Chancellor of the Exchequer what gross income is required by a private company to yield a net annual return of £70,000, £50,000, £20,000 and £10,000, respectively.
§ Mr. GreenThe incomes before tax but after capital allowances are £151,357 8s. 0d., £108,108 3s. 0d., £43,243 5s. 0d. and £21,621 13s. 0d. on the assumption that the company is not subject to a Surtax direction.