§ Mr. Arthur Lewis
asked the Chancellor of the Exchequer whether he will publish in the OFFICIAL REPORT a table of figures giving the net return to a single man after payment of normal taxation receiving a salary of £14,000 per annum of which £4,000 is tax free, £20,000 of which £5,000 is tax free, and what a capital sum of £37,000 to such a person would be worth if normal taxation were paid thereon, if no tax were paid and if capital gains tax were levied.
§ Mr. Patrick Jenkin
The net amounts after tax are as follows:
Salary of £14,000 Salary of £20,000 £ £ Net income from salary 10,088 12,914 Net addition if the extra £37,000 were treated as: (a) earned income 9,877 9,279 (b) investment income 4,951 4,353 (c) not taxable 37,000 37,000 (d) a realised capital gain 25,900 25,900