§ Mr. Rookerasked the Chancellor of the Exchequer if he will publish a table showing the pound sterling equivalent levels of earnings at which (a) income tax alone and (b) income tax plus employees' social security contributions absorb 10 per cent., 15 per cent., 20 per cent., 25 per cent., 30 per cent., 35 per cent., 40 per cent.,
Approximate £ sterling equivalent at which income tax plus social security contributions, less child benefits, absorb the stated percentage of the earnings of a married couple with two dependent children Percentage of earnings 10 15 20 25 30 35 40 50 United Kingdom 5,070 6,130 7,740 10,510 20,750 28,940 39,330 78,700 Denmark 5,000 5,310 6,300 7,600 8,880 10,520 12,900 18,450 France 9,750 16,420 23,360 33,620 47,590 54,740 63,450 90,860
Approximate £ sterling equivalent levels at which income tax alone absorbs the stated percentage of the earnings of a married couple with two dependent children Percentage of earnings 10 15 20 25 30 55 40 50 United Kingdom 4,190 5,590 8,380 16,780 23,850 31,950 41,700 83,310 Denmark 3,830 4,550 5,550 7,080 8,360 10,600 13,210 20,300 France 19,650 27,350 40,500 50,430 57,760 66,900 79,700 129,310 Notes
- 1.The figures relate to income of the year 1983 (1983–84 in the case of the United Kingdom).
- 2. Conversions to sterling were made at the exchange rates prevailing in London on 27 April 1984. They may not fully reflect differences in purchasing power between sterling and the other currencies.
- 3. It is assumed that the income is wholly employment income of the husband and that the United Kingdom employee is contracted in for national insurance.
- 4. The calculations take account of:
- (a) Personal reliefs, employment income reliefs and other standard reliefs as well as income tax reliefs for social security contributions where applicable.
- (b) Child benefits at basic rates.
- (c) Local income taxes, where levied, at typical rates.