HC Deb 07 February 1967 vol 740 c275W
Mr. Barnett

asked the Chancellor of the Exchequer what was the basis adopted in his estimate of a wealth tax of one per cent. on estates over £20,000 yielding £175 million; and how the basis adopted compares with the Written Answer on 15th November, 1962, when the yield on personal wealth over £20,000 was estimated to produce £250 million from 400,000 people.

Mr. MacDermot

The former related only to the slice of wealth over £20,000 and the latter to the whole wealth of all with over £20,000.