§ 7. Mr. Tebbitasked the Chancellor of the Exchequer how many of those who were removed from income tax paying brackets in the Budget of April, 1970 have now returned to tax-paying brackets as a result of wage inflation.
§ Mr. BarberI am afraid that it is not possible to estimate this, but clearly the number is considerable.
§ 33. Mr. Sillarsasked the Chancellor of the Exchequer if he will restrict the effect of his forthcoming legislation so that it reduces the income tax of only those earning £27 and less per week.
§ Mr. Patrick JenkinNo.
§ 49. Mr. Kinnockasked the Chancellor of the Exchequer how many married wage and salary earners with one child are assessed for income tax purposes by the Inland Revenue; and what percentage of these pay income tax.
§ Mr. Patrick JenkinThe number of married wage and salary earners with one child within the purview of tax is estimated to be about 2½ million. Just over 90 per cent. are liable to tax.
§ 53. Mr. Meacherasked the Chancellor of the Exchequer by how much he estimates the annual income of aggregate groups of salaried persons will increase as a result of the 6d. cut in income tax during the first full financial year, and thereafter for each of the following current
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RELIEF FROM REDUCTION OF 2½ PER CENT. (6d.) IN THE STANDARD RATE Single Married Income Number affected* Average relief Number affected* Average relief £ p.a. '000 £ '000 £ 275–1,000 4,250 5 800 2½ 1,000–2,000 2,600 15 7,500 10 2,000–3,000 250 40 3,500 25 3,000–5,000 100 70 650 60 5,000–8,000 30 125 200 110 Over 8,000 20 300 100 300 TOTAL … … 7,250 12½ 12,750 20 * The numbers affected are the numbers of taxpayers in each group. annual income categories, namely, from £5,000, inclusive, but below £10,000, from £10,000 but below £15,000, from £15,000 but below £20,000, from £20,000 but below £30,000, from £30,000 but below £40,000, from £40,000 but below £50,000, and above £50,000; how many persons are at present in each category; and what is the net annual mean gain in income for each category.
§ Mr. Patrick JenkinFigures are not available for salaried persons alone within the income groups required. About one-sixth of the £350 million will go to those with a total income of £5,000 or more, of which there are about one-third of a million cases. The average gain is of the order of £175 a year.
§ Mr. Hugh Jenkinsasked the Chancellor of the Exchequer what will be the average amount of income tax relief obtained annually by a single man, a married man, and a married man with one child, respectively, as a result of his proposed cut of 6d. in the standard rate of income tax in the following income groups, namely, under £1,000, £1,000 to £2,000, £2,000 to £3,000, £3,000 to £4,000, £4,000 to £5,000, £5,000 to £6,000, £6,000 to £7,000, £7,000 to £8,000, and over £8,000; and how many people will be affected in each of the groups.
§ Mr. Patrick JenkinThe estimates below are subject to a wide margin of error and are therefore given in round numbers and for a limited number of ranges that are wider than asked for—it is not possible to give a reliable breakdown for married couples and according to the number of children.