HC Deb 01 November 1979 vol 972 c633W
Mr. Field

asked the Chancellor of the Exchequer how many taxpayers are subject to each of the following rates of tax on investment income namely 40 per cent., 45 per cent., 55 per cent., 60 per cent., 65 per cent., 70 per cent. and 75 per cent., respectively.

Mr. Peter Rees

Counting married couples as one, and treating investment income as the top slice of total income, the estimates at 1979–80 income levels are as follows:

Estimated number of tax units
Marginal rate of tax on investment income Those who pay the investment income surcharge Others*
per cent. (thousands) (thousands)
40 0 190
45 140 100
50 65
55 35 25
60 35 20
65 35
70 20
75 35
TOTAL 300 400
*Marginal rates are calculated for those who have investment income but are not liable to the investment income surcharge.

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