BRITAIN’S INCOME
THE RICH HEAVILY TAXED Press Association—By Wireless—Copyright. RUGBY, February 19. (Received February 20, at noon.) Details of the nation’s income are given in the report of Inland Rerenuo Commissioners for the year ended March 31, 1927 The gross income of the nation for the year was £2,944,000,000, and the gross amount of inland revenue duties, et-c. collected was £449,000,000. The cost of collection was 1.61 per cent. How the rich pay is also shown. A man with £150,000 a year spends nearly half his income (9s 7d in the £) on income and super tax. All those receiving more than £2,000 a year, thus becoming super tax payers, contribute £66,000,000 to the State. Death duties amount to 40 per cent, in the case of a £12,000,000 estate.
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Evening Star, Issue 19795, 20 February 1928, Page 6
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128BRITAIN’S INCOME Evening Star, Issue 19795, 20 February 1928, Page 6
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