§ Mr. BercowTo ask the Chancellor of the Exchequer what proportion of gross income is paid in income tax,
Multiple Dies of median earnings 50 per cent. 150 per cent. 200 per cent. 300 per cent. 500 per cent. 1,000 per cent. 5,000 per cent. Single-earner married couple, two children 1997–98 £ per week Gross income 160.37 481.10 641.46 962.19 1,603.65 3,207.30 16,036.50 Income tax 11.35 85.12 132.50 260.79 517.37 1,158.83 6,290.51 NICs 11.08 41.54 41.54 41.54 41.54 41.54 41.54 Child benefit (CB) 20.05 20.05 20.05 20.05 20.05 20.05 20.05 Percentage of gross earnings Net income tax 7.1 17.7 20.7 27.1 32.3 36.1 39.2 NICs 6.9 8.6 6.5 4.3 2.6 1.3 0.3 Net income tax + NICs-CB 1.5 22.2 24.0 29.3 33.6 36.8 39.4 2001–02 £ per week Gross income 188.07 564.22 752.30 1,128.44 1,880.74 3,761.48 18,807.40 Income tax 7.85 90.60 156.57 310.39 611.30 1,363.60 7,381.97 NICs 10.11 47.72 48.80 48.80 48.80 48.80 48.80 Child benefit (CB) 25.85 25.85 25.85 25.85 25.85 25.85 25.85 WFTC 79.98 0.00 0.00 0.00 0.00 0.00 0.00 Percentage of gross earnings Net income tax -38.4 16.1 20.8 27.5 32.5 36.3 39.3 NICs 5.4 8.5 6.5 4.3 2.6 1.3 0.3 Net income tax + NICs-CB -46.7 19.9 23.9 29.5 33.7 36.9 39.4 Two-earner married couple, two Children 1997–98 £ per week Gross income 160.37 481.10 641.46 962.19 1,603.65 3,207.30 16,036.50 Income tax 0.00 64.86 101.74 175.51 398.57 1,040.03 6,171.71 NICs 6.12 38.19 54.23 75.07 83.08 83.08 83.08 Child benefit (CB) 20.05 20.05 20.05 20.05 20.05 20.05 20.05 Percentage of gross earnings Net income tax 0.00 13.5 15.9 18.2 24.9 32.4 38.5 NICs 3.8 7.9 8.5 7.8 5.2 2.6 0.5 Net income tax + NICs-CB -8.7 17.3 21.2 24.0 28.8 34.4 38.9 2001–02 £ per week Gross income 188.07 564.22 752.30 1,128.44 1,880.74 3,761.48 18,807.40 Income tax 0.00 67.08 108.46 197.24 470.31 1,222.61 7,240.98 NICs 2.58 39.02 57.83 85.24 97.60 97.60 97.60 Child benefit (CB) 25.85 25.85 25.85 25.85 25.85 25.85 25.85 WFTC 60.08 0.00 0.00 0.00 0.00 0.00 0.00 Percentage of gross earnings Net income tax -31.9 11.9 14.4 17.5 25.0 32.5 38.5 NICs 1.4 6.9 7.7 7.6 5.2 2.6 0.5 Net income tax + NICs-CB -44.3 14.2 18.7 22.7 28.8 34.4 38.9 Notes:
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- 1. Income tax payments are calculated on the basis that the households receive no tax reliefs other than the standard allowances and only have income from employment. All earners are assumed to pay Class 1 national insurance contributions at the contracted-in rate.
- 2. Earnings are taken to be the median gross weekly earnings of all full-time employees on adult rates with pay unaffected by absence.
- 3. In line with the convention in the Tax Benefit Reference Manual, child benefit is treated as negative income tax.
- 4. For the two-earner family it is assumed that earnings are split 60/40 per cent.
national insurance contributions and VAT by (a) a married man with a non-earning wife and two children and (b) a married man with an earning wife and two children at (i) half, (ii) one and a half, (iii) two, (iv) three, (v) five, (vi) 10 and (vii) 50 times national average earnings in 2001–02; and what were the comparative figures for 1997–98. [26208]
§ Mr. Andrew SmithThe available information is given in the table. Estimating the impact of indirect taxes on these very specific family types is meaningless because spending patterns vary considerably between households of the same type and income.
643W
§ Mr. BercowTo ask the Chancellor of the Exchequer how many and what proportion of people of pensionable age are liable for income tax; what the total tax yield from people of pensionable age is; what the average income is of people of pensionable age before and after tax; and what the average percentage of income paid in tax by people of pensionable age is. [26279]
§ Dawn PrimaroloIn 2001–02, 4.3 million (four in 10) people of pensionable age are liable to income tax. Pensionable age taxpayers have a total tax liability of £8.5 billion in 2001–02. The mean before tax income for pensioner taxpayers in 2001–02 is £15,800 pa and the mean after tax income is £23,850 pa. Tax as a percentage of total income for pensionable age taxpayers is 12.6 per cent.
These estimates are based on the Survey of Personal Incomes and are consistent with the November 2001 pre-Budget report. Non-taxable income such as ISA income is excluded from the analysis as individual details are not known.