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Resolved:
"That—(a) income tax for the year 1946–47 shall be charged at the standard rate of nine shillings in the pound and, in the case of an individual whose total income exceeds two thousand pounds, at rates in the pound which respectively exceed the standard rate by the amounts specified in the second column of the Table below; (b) all such enactments as have effect with respect to the income tax charged for the year 1945–46, other than such enactments as by their terms relate only to tax for that year, shall have effect with respect to the income tax charged for the year 1946–47.
| Table. | ||
| For every pound of— | ||
s.
| d.
| |
| the first five hundred pounds of the excess | 2 | 0 |
| the next five hundred pounds of the excess | 2 | 6 |
| the next one thousand pounds of the excess | 3 | 6 |
| the next one thousand pounds of the excess | 4 | 6 |
| the next one thousand pounds of the excess | 5 | 6 |
| the next two thousand pounds of the excess | 6 | 6 |
| the next two thousand pounds of the excess | 7 | 6 |
| the next two thousand pounds of the excess | 8 | 6 |
| the next three thousand pounds of the excess | 9 | 6 |
| the next five thousand pounds of the excess | 10 | 0 |
| the remainder of the excess | 10 | 6" |
—[ Mr. Dalton.]