Incomes

HC Deb 14 June 1988 vol 135 c142W

Ms. Mowlam

To ask the Chancellor of the Exchequer what is the average post-tax income now received by the wealthiest 2 per cent. of taxpayers.

Mr. Norman Lamont

The average post-tax income in 1988–89 of the top 2 per cent. of income tax payers is expected to be about £46,000.

Mr. Nigel Griffiths

To ask the Chancellor of the Exchequer what is the average share of post-tax income now received by the wealthiest 1 per cent. of taxpayers.

Mr. Norman Lamont

The top 1 per cent. of income tax payers receive about 5 per cent. of income tax payers' total income after tax in 1988–89.