§ Mr. ThurnhamTo ask the Chancellor of the Exchequer what percentage of income tax revenue was paid by the top(a) 1 per cent. (b) 5 per cent. and (c) 10 per cent. of earners in each year from 1978–79; and what are his future projections.
§ Sir George YoungThe information requested is given in the table. Estimates for 1993–94 onwards are based on projections from the 1992–93 survey of personal incomes.
Shares of total income tax liability1 Top 1 per cent. Top 5 per cent. Top 10 per cent. 1978–79 11 24 35 1979–80 10 23 34 1980–81 11 24 35 1981–82 11 25 35 1982–83 12 25 36 1983–84 11 25 36 1984–85 12 26 38 1985–86 13 27 38 1986–87 14 29 39 1987–88 15 30 41 1988–89 15 31 42 1989–90 15 31 42 1990–91 15 32 42 1991–92 16 33 43 1992–93 16 33 44 1993–942 16 33 44 1994–952 16 33 44 1995–962 15 32 44 1 For years up to and including 1989–90 married couples are counted as one taxpayer and their incomes are combined. Following the introduction of independent taxation in 1990–91 husbands and wives are counted separately. 2 Provisional.