asked the Minister for Finance (a) the after-tax income of a married man with two children earning a gross income per annum of £2,000, £3,000, £4,000, £5,000, £6,000, £7,000, £8,000 and £9,000 respectively; and (b) the Exchequer receipts from income tax and surtax and their percentages of total Exchequer receipts in respect of each of the tax years 1960, 1965, 1970, 1971, 1972, 1973, 1974, 1975 and the 1976 forecast, including the June 1975 Budget 10 per cent surcharge.
Written Answers. - After Tax Income.
500.
Following is the information requested:
|
Total income |
Income after tax for a married man with 2 children 1975-76 |
|
£ |
£ |
|
2,000 |
1,838.80 |
|
3,000 |
2,570.05 |
|
4,000 |
3,185.05 |
|
5,000 |
3,800.05 |
|
6,000 |
4,385.35 |
|
7,000 |
4,890.35 |
|
8,000 |
5,365.65 |
|
9,000 |
5,760.65 |
|
Year |
Exchequer receipt of income tax (including surtax) |
Income tax (including surtax) as percentage of total Exchequer revenue |
|
£ million |
% |
|
|
1960-61 |
28.0 |
20.2 |
|
1965-66 |
54.9 |
22.8 |
|
1970-71 |
116.6 |
24.2 |
|
1971-72 |
152.9 |
26.8 |
|
1972-73 |
173.7 |
26.4 |
|
1973-74 |
221.6 |
28.0 |
|
1974 (a) |
170.5 |
26.2 |
|
1975 (b) |
354.5 |
31.8 |
|
1976 (c) |
(a) Figures shown are for the transitional financial period of nine months, that is, from April 1, 1974, to December 31, 1974.
(b) Estimated (as at June 26, 1975).
(c) The estimate for 1976 will be published in “Estimates of Receipts and Expenditure for the year ending December 31, 1976” which will be available in advance of the 1976 Budget.