49.
asked the Chancellor of the Exchequer whether he will publish in the Official Report a table of figures giving the normal tax payable by a man with a wife allowance on salaries of £1,000 per annum up to £50,000 per annum at intervals of £1,000 per annum; and showing how much in each of these cases a tax-free allowance of £11·50 per day would be worth in each instance if it were classified as being taxable and taxed at normal rates in each category.
Yes. Assuming that the only tax allowance due is the married person's allowance, that the daily allowance of £11·50 is paid for 126 days in 1974–75 and that the allowance is treated as the top slice of the individual's total income the figures are as follows:
Annual salary | Normal tax payable in 1974–75 | Net value of allowances if taxable |
£'000 | £ | £ |
1 | 45 | 971 |
2 | 375 | 971 |
3 | 705 | 971 |
4 | 1,035 | 967 |
5 | 1,365 | 887 |
6 | 1,733 | 797 |
7 | 2,170 | 724 |
8 | 2,657 | 652 |
9 | 3,193 | 609 |
10 | 3,773 | 579 |
11 | 4,360 | 536 |
12 | 4,990 | 507 |
13 | 5,627 | 464 |
14 | 6,307 | 464 |
15 | 6,987 | 434 |
16 | 7,674 | 391 |
17 | 8,404 | 391 |
18 | 9,134 | 391 |
19 | 9,864 | 391 |
20 | 10,594 | 333 |
21 | 11,337 | 246 |
22 | 12,167 | 246 |
23 | 12,997 | 246 |
24 | 13,827 | 246 |
25 | 14,657 | 246 |
26 | 15,487 | 246 |
27 | 16,317 | 246 |
28 | 17,147 | 246 |
29 | 17,977 | 246 |
30 | 18,807 | 246 |
31 | 19,637 | 246 |
32 | 20,467 | 246 |
33 | 21,297 | 246 |
34 | 22,127 | 246 |
35 | 22,957 | 246 |
36 | 23,787 | 246 |
37 | 24,617 | 246 |
38 | 25,477 | 246 |
39 | 26,277 | 246 |
40 | 27,107 | 246 |
41 | 27,937 | 246 |
42 | 28,767 | 246 |
43 | 29,597 | 246 |
44 | 30,427 | 246 |
45 | 31,257 | 246 |
46 | 32,087 | 246 |
47 | 32,917 | 246 |
48 | 33,747 | 246 |
49 | 34,577 | 246 |
50 | 35,407 | 246 |
asked the Chancellor of the Exchequer what was the percentage of income tax and surtax raised in each year since 1967 from the following groups of income recipients: (i) top 1 per cent., (ii) top 10 per cent., (iii) top 40 per cent., (iv) bottom 30 per cent., (v) bottom 10 per cent., and (vi) all incomes.
PERCENTAGE OF TOTAL INCOME TAX AND SURTAX PAID | |||||||
1967–68 | 1968–69 | 1969–70 | 1970–71 | 1971–72 | |||
Group* | |||||||
(i) Top 1 per cent. | … | … | 20½ | 19½ | 18 | 16 | 15 |
(ii) Top 10 per cent. | … | … | 47½ | 45 | 47 | 41 | 39½ |
(iii) Top 40 per cent. | … | … | 78 | 77½ | 80 | 75 | 73½ |
(iv) Bottom 30 per cent. | … | 5½ | 5½ | 6 | 7 | 7 | |
(v) Bottom 10 per cent. | … | 0·6 | 0·5 | 0·7 | 0·8 | 0·9 | |
(vi) All incomes | … | … | 100 | 100 | 100 | 100 | 100 |
* Percentiles refer to numbers of income recipients. |
asked the Chancellor of the Exchequer what was the percentage paid in: (a) income tax and surtax and (b) national insurance and graduated pension, in each year since 1967 by the following groups of income recipients: (i) top 1 per cent., (ii) top 10 per cent.,
INCOME TAX AND SURTAX AS A PERCENTAGE OF INCOME | |||||||
1967–68 | 1968–69 | 1969–70 | 1970–71 | 1971–72 | |||
Group* | |||||||
(i) Top 1 per cent. | … | … | 44 | 45 | 46½ | 47 | 44 |
(ii) Top 10 per cent. | … | … | 27 | 28 | 32 | 30 | 28 |
(iii) Top 40 per cent. | … | … | 18½ | 20 | 22½ | 22½ | 21 |
(iv) Bottom 30 per cent. | … | 6 | 6½ | 8 | 9 | 9½ | |
(v) Bottom 10 per cent. | … | 3 | 2½ | 4 | 4½ | 5 | |
(vi) All incomes | … | … | 15 | 16 | 17½ | 18½ | 18 |
* Percentiles refer to numbers of income recipients. |