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Income Tax

Volume 199: debated on Tuesday 19 November 1991

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To ask the Chancellor of the Exchequer what is his estimate of the proportion of income tax paid by the top 10 per cent. of taxpayers (a) now and (b) in 1979–80.

It is estimated that in 1991–92 the top 10 per cent. of taxpayers will be liable to pay about 42 per cent. of the total yield of income tax. The corresponding figure for 1979–80 is 34 per cent.