§ Mr. Nigel GriffithsTo ask the Chancellor of the Exchequer (1) if he will estimate the numbers of people in the United Kingdom in 1995–96 with gross and taxable incomes of(a) more than £100,000, (b) more than £150,000, (c) more than £200,000, (d) more than 152W £300,000, (e) more than £400,000 and (f) more than £500,000. [39114]
(2) if he will list the total gross income and total income tax liability of taxpayers falling in the bands (a) £20,000££30,000, (b)£30,000££40,000 and so on in £10,000 bands up to £130,000, specifying in each case the number of taxpayers falling in each band. [39089]
§ Mr. JackAvailable estimates are given in the table. It is not possible to provide reliable estimates for the specified bands of income above £100,000, nor is its possible to incorporate the detailed effect of mortgage interest relief which, in total, reduces income tax liability by £1.1 billion for taxpayers included in the table.
1995–96 £ Gross income1£ millions Income tax liability2£ millions Number of taxpayers (thousands) 20,000 to 30,000 89,600 16,800 3,700 30,000 to 40,000 38,200 8,500 1,100 40,000 to 50,000 18,700 4,770 420 50,000 to 60,000 10,600 2,950 200 60,000 to 70,000 6,650 1,950 100 70,000 to 80,000 4,950 1,500 70 80,000 to 90,000 3,470 1,090 40 90,000 to 100,000 2,470 790 30 100,000+ 23,200 8,130 120 1 Gross income is defined as total income for income tax purposes. It excludes income from certain social security benefits and some investment income such as National Savings Certificates. 2 Not taking account of mortgage interest relief.