§ Mr. Hordernasked the Chancellor of the Exchequer if, from international sources available to him, he will publish a table showing net income after tax, national insurance contributions and other social security contributions, and
NET INCOMES AFTER TAX ETC. £ sterling Gross income USA France Germany Japan £2,500 … … … 2,350 2,300 2,080 2,425 (2,350) (2,425) £5,000 … … … 4,500 4,530 3,740 4,750 (4,480) (4,670) £7,500 … … … 6,390 6,700 5,430 6,960 (6,300) (6,720) £10,000 … … … 8,340 8,760 7,200 9,140 (8,140) (8,680) £15,000 … … … 12,040 12,600 10,380 13,200 (11,500) (12,220) £20,000 … … … 15,330 16,130 13,210 16,940 (14,320) (15,350) £30,000 … … … 20,900 23,030 18,410 23,500 (19,030) (20,640) Notes:
1. All figures are for 1976 income; rates applicable to the 1977 income year are not yet known.
2. Foreign currency amounts are converted to sterling at the exchange rate of 1st February 1977 and rounded to the nearest £10.
3. All figures are for employment income of the husband only. The income tax calculations take into account where appropriate deductible social security contributions, deductible local income tax, minimum expenses deductions, employment income relief, personal reliefs and any flat rate or minimum reliefs.
4. Figures in brackets take into account local income taxes as follows:
(a) for USA, the local income tax payable in California;
(b) for Japan, provincial and municipal income tax.
5. No account is taken of social security payments in respect of, for example, children.