asked the Chancellor of the Exchequer what would be the cost in lost revenue of introducing a 20 per cent. tax rate on (1) the first £200 of taxable income, and (2) the first £400 of taxable income.
On the basis of 1974–75 income levels, tax rates and allowances the estimated costs would be about £630 million and £1,200 million respectively.
asked the Chancellor of the Exchequer (1) how much tax per annum would be paid by a married man with two children with a net earned income after tax of (a) £10,000 a year and (b) £16,000 a year; and, of the total tax liability, how much relates to the top slice of £5,000 and £11,000, respectively;(2) how much tax per annum would be paid by a married man with two children with a net earned income after tax of (
a) £8,000 a year and ( b) £14,000 a year; and, of the total tax liability,
Income after tax
Top slice of income after tax
Tax on gross income corresponding to net income in column (d)