§ Mr. Ralph Howellasked the Chancellor of the Exchequer (1) if income tax were abolished, by how much the salary of a man with a wife and two children aged 12 and 16 years, and presently earning a gross salary of £10,000, could be reduced in order to leave him with the same net income;
(2) if income tax were abolished, by how much the salary of a man with a wife and two childen aged 12 and 16 years, and presently earning a gross salary of £15,000, could be reduced in order to leave him with the same net income;
(3) if income tax were abolished, by how much the salary of a man with a wife and two children aged 12 and 16 years, and presently earning a gross salary of £20,000, could be reduced in order to leave him with the same net income;
55W(4) if income tax were abolished, by how much the salary of a man with a wife and two children aged 12 and 16 years, and presently earning a gross salary of £30,000, could be reduced in order to leave him with the same net income.
§ Mr. Robert SheldonAssuming the allowances and rates of tax proposed for 1975–76, the amount of tax to be paid by a married man with two children aged 12 and 16 years is as follows:
Gross salary Income Tax for 1975–76 £ p.a. (a) (b) 10,000 3,632 3,554 15,000 6,892 6,801 20,000 10,571 10,474 30,000 18,759 18,651 (a) Family allowance included in income. (b) Family allowance not included in income. If things remain equal the amounts of tax paid would give the amount by which gross salary could be reduced if income tax were abolished.