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Incomes

Volume 135: debated on Tuesday 14 June 1988

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To ask the Chancellor of the Exchequer what is the average post-tax income now received by the wealthiest 2 per cent. of taxpayers.

The average post-tax income in 1988–89 of the top 2 per cent. of income tax payers is expected to be about £46,000.

To ask the Chancellor of the Exchequer what is the average share of post-tax income now received by the wealthiest 1 per cent. of taxpayers.

The top 1 per cent. of income tax payers receive about 5 per cent. of income tax payers' total income after tax in 1988–89.