§ Mr. Alan SimpsonTo ask the Chancellor of the Exchequer if he will estimate the Exchequer yield from a 50 per cent. tax rate starting at(a) £50,000, (b) £100,000 and (c) £50,000 per annum with an additional rate of 60 per cent. starting at £100,000, and the number of taxpayers that would be affected in each case. [145248]
§ Dawn PrimaroloThe full-year effects and numbers affected in 2001–02 of making the changes are set out in the table.
Change in 2001–02 Yield (£ billion) Taxpayers affected (thousand) (a) 50 per cent. for income tax for taxable income over £50,000 5.7 950 (b) 50 per cent. for income tax for taxable income over £100,000 3.2 250 (c) 50 per cent. rate for income tax for taxable income over £50,000 and 60 per cent. rate for income tax for taxable income over £100,000 8.7 950 Estimates are based on the Survey of Personal Incomes and are consistent with the November 2000 pre-Budget Report.