Income Tax and Surtax

HC Deb 22 November 1949 vol 470 c19W

68. Sir F. Sanderson

asked the Chancellor of the Exchequer the net amount of income left after deduction of Income Tax and Surtax applicable to earned income of £5,000 and upwards to £50,000, in £5,000 rests, for the financial years 1913–14, 1938–39 and 1948–49.

Sir S. Cripps:

The following table gives the desired information in the case of a married man with two children.

Income (all earned)	Net Income after payment of Income Tax and Surtax or Super-Tax
	1913–14	1938–39	1948–49
£	£	£	£
5,000	4,708	3,479	2,598
10,000	9,242	5,922	3,673
15,000	13,825	8,034	4,148
20,000	18,408	10,009	4,398
25,000	22,992	11,847	4,523
30,000	27,575	13,684	4,648
35,000	32,158	15,384	4,773
40,000	36,742	17,084	4,898
45,000	41,325	18,784	5,023
50,000	45,908	20,484	5,148