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Mr. Watkinson
asked the Chancellor of the Exchequer what were the income tax receipts in 1974–75 from those in the following tax brackets; £2,000–£3,000, £3,000–£4,000, £4,000–£5,000, £5,000–£6,000, £6,000–£7,000, £7,000–£8,000, and £8,000 or over.
Mr. Robert Sheldon
The information is as follows:
Range of total net income | Income tax for 1974–75 |
£ million | |
£2,000–3,000 | 2,750 |
£3,000–4,000 | 2,360 |
£4,000–5,000 | 1,440 |
£5,000–6,000 | 720 |
£6,000–7,000 | 420 |
£7,000–8,000 | 290 |
£8,000 and over | 1,980 |