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Mr. William Hamilton
asked the Chancellor of the Exchequer, assuming the taxpayer to be a single man without dependants, what gross income, earned and unearned, respectively, he would need to ensure a net annual income of £200,000, £300,000, and £400,000, respectively.
Mr. Robert Sheldon
The figures for 1975–76 are as follows:
Gross Income | ||
Net Income | All earned | All investment |
£ | £ | £ |
200,000 | 1,143,910 | 9,713,237 |
300.000 | 1,732,146 | 14,713,237 |
400,000 | 2,320,381 | 19,713,237 |