§ Mr. William Hamiltonasked the Chancellor of the Exchequer what taxable unearned income would be required to produce a net annual income of £200,000, £300,000 and £500,000, respectively, assuming the taxpayer is single, under 65 years, and with no dependants.
§ Mr. Peter Rees[pursuant to his reply, 5 May 1981,c. 41]: The figures, based on the Budget proposals, which leave unchanged the income tax rates, bands and allowances, and assuming no allowance other than the single person's allowance, are as follows:
62W
Net annual income Gross annual income required £ £ 200,000 772,900 300,000 1,172,900 500,000 1,972,900