Episode 2 of 4
Graduated rate structure of the 1799 tax
- When
- 1799
- Where
- Britain, where the tax applied
The tax started at 2 old pence per pound over £60 and reached 2 shillings over £200.
Pitt's new graduated (progressive) income tax began at a levy of 2 old pence in the pound (1/120) on annual incomes over £60, equivalent to £6,666 as of 2025. The rate increased up to a maximum of 2 shillings (10 per cent) on annual incomes of over £200, so the top rate was two shillings to the pound.
Sources
- Taxation in the United Kingdom Wikipedia, revision of 2026-09-09
Machine-drafted from the cited Wikipedia passages and checked by a reviewing model, not by a human editor. Every passage cites the revision it was written from; dates and places follow those passages.