§ Mr. Richard Wainwrightasked the Chancellor of the Exchequer what was the percentage paid in income tax and surtax in 1972–73 by the following income recipients: (i) top 1 per cent.; (ii) top 10 per cent.; (iii) top 40 per cent.; (iv) bottom 30 per cent.; (v) bottom 10 per cent. and (vi) all incomes compared with the latest figures for 1973–74.
§ Mr. Robert SheldonThe information for 1972–73 is as follows:
Group Income Tax ana Surtax as a percentage of income (i) Top 1 per cent. 43 (ii) Top 10 per cent. 26½ (iii) Top 40 per cent. 19½ (iv) Bottom 30 per cent. 8½ (v) Bottom 10 per cent 4½ (vi) All incomes* 16½ * These figures are derived from the Inland Revenue's Survey of Personal Incomes. The numbers relate only to individuals—counting married couples as one—with total incomes above the effective tax exemption limit.
I regret that information for 1973–74 is not available.