§ Mr. David Priceasked the Chancellor of the Exchequer what would be the increased revenue to the Exchequer, on the basis of current income levels, if all personal incomes above £10,000, £15,000, £20,000, £25,000 and £30,000 a year, respectively, were taxed at the marginal rate of 100 per cent.
§ Mr. Peter ReesThe readily available information relates to taxable incomes, rather than gross incomes.
At 1979–80 income levels the estimated amounts would be:
Yield £ million Taxable income above £10,000 … 1,950 Taxable income above £15,000 … 910 Taxable income above £20,000 … 530 Taxable income above £25,000 … 350 Taxable income above £30,000 … 250