HC Deb 05 February 1973 vol 850 cc42-3W
Sir B. Rhys Williams

asked the Chancellor of the Exchequer if he will publish tables over a full range of earned and unearned incomes between £500 and £10,000 a year showing the net incomes after tax of single persons and of married couples, illustrating the effect of tax allowances on the assumption that the income of the wife is nil, half of, and equal to that of the husband.

Mr. Nott

On the basis of 1972–73 rates of tax and allowances and assuming

£p
Married Couples
Single Persons Income All Earned
Income £ per annum Income All Earned Income All Investment All Earned by Husband Two Thirds Earned by Husband Half Earned by Husband Income All Investment
Income after Tax
500 500.00 500.00 500.00 500.00 500.00 500.00
600 597.42 573.75 600.00 600.00 600.00 600.00
700 667.28 621.25 700.00 700.00 700.00 661.25
800 737.14 668.75 791.39 800.00 800.00 722.50
900 807.00 729.50 861.25 900.00 900.00 783.75
1,000 876.87 790.75 931.12 1,000.00 1,000.00 845.00
1,200 1,016.59 913.25 1,070.84 1,191.39 1,197.42 967.50
1,400 1,156.31 1,035.75 1,210.56 1,351.21 1,367.28 1,090.00
1,600 1,296.03 1,158.25 1,350.28 1,511.02 1,528.53 1,212.50
1,800 1,435.75 1,280.75 1,490.00 1,668.25 1,668.25 1,335.00
2,000 1,575.48 1,403.25 1,629.73 1,807.98 1,807.98 1,457.50
2,500 1,924.78 1,709.50 1,979.03 2,157.28 2,157.28 1,763.75
3,000 2,274.09 2,015.75 2,328.34 2,506.59 2,506.59 2,070.00
5,000 3,643.46 2,728.25 3,697.71 3,875.96 3,875.96 2,814.00
8,000 5,252.92 3,640.75 5,338.67 5,908.27 5,945.39 3,740.50
10,000 6,140.60 4,115.75 6,240.35 7,117.16 7,286.92 4,222.50
Note: It is assumed that the married couple has elected to be taxed as two single people where this is to their advantage.