§ 56. Mr. John Hallasked the Chancellor of the Exchequer what is the total of direct personal taxation, namely, Income and Surtax rates and social service contributions, for the last tax year for which figures are available, expressed as a percentage of personal incomes for the United Kingdom, France, the Netherlands, West Germany, Sweden, and the United States of America.
§ Mr. DiamondThe following information is taken from returns made to O.E.C.D.: —
DIRECT TAXES ON HOUSEHOLDS, ETC. AS A PERCENTAGE OF TOTAL PERSONAL INCOME 1964 1965 United Kingdom 15.4 16.8 France 20.4 21.0 Netherlands 22.8 23.6 West Germany 21.4 n.a. Sweden 24.8 26.9 United States of America 16.7 16.9 Notes:
(1) Direct taxes includes taxes on income and contributions to social security.
(2) The household sector as defined in the O.E.C.D. figures includes private non-profit-making institutions serving households.
(3) Except in the case of Sweden, personal income is calculated after provision for depreciation and stock appreciation.
§ 57. Mr. John Hallasked the Chancellor of the Exchequer, what is the maximum marginal rate of Income and Surtax, and at what level of income it becomes effective, in the United Kingdom, France, the 189W Netherlands, West Germany, Sweden, and the United States of America.
§ Mr. DiamondThe income levels at which maximum marginal rates become
Point at which maximum marginal rate is reached Country Maximum rate of tax on personal incomes Rate of exchange of £ Married couple with 2 small children Single person (Income all earned) per cent. £ £ U.K. … 91.25 18,900 18,550 France … 45.4 F.13.8 21,740 7,245 Netherlands … 70.5 F1.10.1 16,435 16,435 Germany … 53 DM.11.1 20,250 10,080 Sweden … 69.9 Kr.14.4 12,425 12,270 Including local income tax (Stockholm) Sweden … 65 10,730 10,575 Excluding local income tax U.S.A. … 76 $2.8 77,570 38,760 Including California income tax U.S.A. … 74.2 72,645 36,285 Federal tax only