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Income Tax

Volume 409: debated on Thursday 29 March 1945

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asked the Chancellor of the Exchequer how many persons in each of the last five available Income Tax years had incomes which, after deducting direct taxation, equalled sums of under £250, £250 to £500, £500 to £1,000,£1,000 to £2,000, £2,000 to £4,000, £4,000 to £6,000 and £6,000 or over, respectively.

Range of Net Income (i.e., Total Gross Income as assessed to tax less the Income Tax and Sur-Tax payable thereon.)Individuals with net incomes exceeding £150:
Year 1938–9.Year 1942–3.
ExceedingNot exceedingNos.Nos.
££
1502504,500,0007,000,000
2505001,820,0005,300,000
5001,000450,000550,000
1,0002,000155,000117,000
2,0004,00056,00031,750
4,0006,00012,0001,170
6,0007,00080
Totals7,000,00013,000,000