§ Mr. William Hamiltonasked the Chancellor of the Exchequer what taxable income would be required to produce a net annual income of £250,000, £500,000 and £700,000, respectively, assuming that income is all unearned and the taxpayer is a married man with one dependent child.
§ Mr. Wakeham[pursuant to the reply, 7 February 1983, c. 281]: The information for 1982–83, assuming that the taxpayer concerned has no relief other than his personal allowance, is as follows: 363W
Net Income* Gross Income liable to tax £ £ 250,000 965,920 500,000 1,965,920 700,000 2,765,920 * Including child benefit.