10 JULY 1915, Page 12

TAXING WAGES AND WAR PROFITS. [To THE EDITOR OP TIN

Silt,—With reference to " M.'s" letter in your issue of July 3rd on the subject of taxing wages and war profits, the following figures may be interesting. My " spendable " income derived from my business last year was, in consequence of the war, reduced to £153 16s. 7d. I am assessed for Super Tax on the average of the previous three years, which works out, according to the regulation method of calculation, at over