§ Mr. HancockTo ask the Chancellor of the Exchequer what percentage of income is paid in tax by those earning(a) the lowest 20 per cent. and (b) the top 5 per cent. in earnings; and if he will make a statement. [102505]
§ Dawn PrimaroloIt is estimated from the New Earnings Survey that the 20th percentile point and the 95th percentile point are £14,350 and £53,600 respectively.
Estimates are in the following table.
Total income range Income tax as a percentage of total income Less than £14,350 6 £53,600 and over 31 The estimates are based on the Survey of Personal Incomes and are consistent with the November 2002 pre—Budget report.