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Income Tax

Volume 401: debated on Tuesday 18 March 2003

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To ask the Chancellor of the Exchequer what percentage of income is paid in tax by those earning (a) the lowest 20 per cent. and (b) the top 5 per cent. in earnings; and if he will make a statement. [102505]

It is estimated from the New Earnings Survey that the 20th percentile point and the 95th percentile point are £14,350 and £53,600 respectively.Estimates are in the following table.

Total income rangeIncome tax as a percentage of total income
Less than £14,3506
£53,600 and over31
The estimates are based on the Survey of Personal Incomes and are consistent with the November 2002 pre—Budget report.