§ Mr. Wigleyasked the Chancellor of the Exchequer how many persons currently earn (a) over £10,000 per annum, (b) over £15,000 per annum and (c) over £20,000 per annum; and what is the total tax take and aggregate net income after tax, respectively, for each of these groups.
§ Mr. MooreI regret the delay in answering this question.
Provisional estimates, for taxpayers of working age, are shown in respect of gross income for tax purposes in 1985–86. Each married couple is treated as a unit with a combined income.
for budgetary changes in income tax rates and allowances, but not for any changes in the definition of the income tax base. As child tax allowances were being phased out in 1978–79 they have been excluded from the comparison.
Points of income distribution in 1986–87* Per cent. Reduction in income tax liability compared with 1978–79 indexed regime £ million Top 1 1,670 Top 2 to 5 1,200 Top 6 to 10 790 Top 11 to 20 1,080 Top 21 to 30 820 Top 31 to 40 690 Top 41 to 50 580 Bottom 50 1,270 ALL 8,100 * By reference to the income for income tax purposes of those who would be liable to pay tax under the indexed 1978–79 regime.