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Personal Incomes

Volume 480: debated on Tuesday 14 November 1950

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asked the Chancellor of the Exchequer out of a total working population of 23,328,000, how many receive over £1,000 net per annum; and what is the total they receive per annum.

The 92nd Report of the Board of Inland Revenue contains the information available about the distribution of personal incomes before and after tax. For 1948–49 there were 434,000 tax payers with incomes exceeding £1,000 net after tax, and this total net income amounted to £713 million. The figures for 1949–50 are not yet available.