§
Dr. Gilbert
The information available for the period 1950 to 1973 is given in the table below. Taxes paid by individuals and companies are assessed on the basis of their total income, and there is no satisfactory basis for allocating them separately to different forms of income. The figures relate to income from employment and trading profits before tax. As national income excludes stock appreciation and is measured after deducting capital consumption, trading profits have been similarly defined.
| PERCENTAGES OP NATIONAL INCOME |
| Year |
Income from Employment* |
Trading Profits† |
Taxation‡ |
| 1950 |
70.5 |
12.2 |
41.6 |
| 1951 |
71.9 |
13.3 |
40.9 |
| 1952 |
71.5 |
13.9 |
40.0 |
| PUBLIC EXPENDITURE* AS A PERCENTAGE OF GROSS DOMESTIC PRODUCT AT MARKET PRICES |
|
|
|
|
|
1950† |
1960 |
1970 |
1971 |
1972 |
| United Kingdom‡ |
… |
… |
32.6 |
32.2 |
37.7 |
37.3 |
38.9 |
| Germany |
… |
… |
… |
… |
30.2 |
31.4 |
35.9 |
37.1 |
38.0 |
| France |
… |
… |
… |
… |
28.3 |
32.5 |
36.1 |
36.7 |
N.A. |
| Sweden |
… |
… |
… |
… |
23.6 |
31.4 |
43.1 |
45.3 |
46.5 |
| U.S.A. |
… |
… |
… |
… |
22.2 |
28.6 |
33.4 |
33.7 |
N.A. |
| Japan |
… |
… |
… |
… |
N.A. |
18.2 |
19.2 |
N.A. |
N.A. |
| * Comprises current and capital expenditure by central government and local authorities (including transfer payments, subsidies and debt interest). |
| † May not be strictly comparable with later years. |
| ‡ The corresponding figure for 1973 is 39.3. |
| N.A.=Not available. |
152W
| 1953 |
71.3 |
14.2 |
38.2 |
| 1954 |
71.3 |
14.4 |
37.1 |
| 1955 |
72.7 |
14.2 |
37.1 |
| 1956 |
73.9 |
12.9 |
36.1 |
| 1957 |
74.2 |
12.6 |
36.5 |
| 1958 |
74.0 |
12.2 |
37.3 |
| 1959 |
73.4 |
12.8 |
36.7 |
| 1960 |
72.5 |
14.1 |
34.6 |
| 1961 |
74.2 |
12.4 |
36.3 |
| 1962 |
74.6 |
11.7 |
37.9 |
| 1963 |
73.5 |
12.9 |
36.5 |
| 1964 |
73.7 |
13.0 |
36.3 |
| 1965 |
73.9 |
12.4 |
38.1 |
| 1966 |
75.3 |
10.9 |
39.6 |
| 1967 |
74.9 |
10.9 |
42.2 |
| 1968 |
74.7 |
11.1 |
44.4 |
| 1969 |
74.5 |
9.4 |
47.4 |
| 1970 |
77.6 |
7.0 |
49.3 |
| 1971 |
77.4 |
7.0 |
47.1 |
| 1972 |
77.2 |
7.1 |
44.5 |
| 1973 |
76.7 |
6.8 |
42.6 |
| * Wages and salaries, pay in cash and kind of H.M. Forces and employers' contributions to national insurance, etc., and other superannuation funds. |
| † Gross trading profits of companies plus gross trading surpluses or losses of public corporations less stock appreciation and capital consumption. |
| ‡ Taxes on income, capital and expenditure (including local authorities' income from rates) plus national insurance, health and redundancy fund contributions. |