§ Mr. Fieldasked 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 ReesCounting 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.