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Updated: May 4, 2025
Income-tax returns indicate that the proportion of the population living on an acknowledged income of more than £150 a year is much larger than it was a generation ago. In 1851 the income-tax-paying population amounted to 1,500,000; in 1879-80 the number had risen to 4,700,000.
In each of these instances, whatever might have been the results to the inventors, and he hoped they had been satisfactory, a sum which might be estimated at twenty millions sterling annually, constantly on the increase, and never before existing, had been added to the income-tax-paying wealth of the country.
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