24 MAY 1940, Page 17
HIGH WAGES AND INCOME TAX SIR, —With reference to the Rev.
J. H. Shackleton Bailey's letter, I suggest that what Sir John Simon said (or meant to say) was that if all the income in excess of £2,000 was taken from each of the Surtax-payers, the yield would be sixty millions extra.
Taxation of salaries and wages would be convenient and fruit- ful if made at source. And the plan might be accepted in this emergency. But many adjustments would be necessary.—Yours