Mr. Robert AinsworthTo ask the Chancellor of the Exchequer if he will list the change in taxation relative to an indexed 1978–79 tax regime for a married couple with two children with one adult earning(a) 25 per cent. of average earnings, (b) 50 per cent. of average earnings, (c) 75 per cent. of average earnings, (d) 100 per cent. of average earnings, (e) 200 per cent. of average earnings, (f) 300 per cent. of average earnings, (g) 400 per cent. of average earnings and (h) 500 per cent. of average earnings. [13929]
§ Mr. JackThe weekly reduction in income tax liability for 1996–97 compared with the 1978–79 indexed regime 15W and the weekly reduction as a percentage of earnings in 1996–97 is given in the table.
One earner married couple with two children under 11 Multiple of average earnings1 1996–97 Reduction in income tax2 in 1996–97 compared with the 1978–79 indexed regime £ Reduction in income tax2 as a percentage of weekly earnings in 1996–97 ¼ -3.18 3 ½ -8.30 4 ¾ 17.24 6 1 -26.18 7 2 -50.91 6 3 -143.54 12 4 -281.82 18 5 -452.66 23 1 Full time males on adult rates, all occupations. 2 Net of child benefit.