Cecilia Keaveney
Question:86 Cecilia Keaveney asked the Minister for Finance the improvements in personal taxation which have occurred in each of the years from 1996 to 2002; and if he will make a statement on the matter. [6173/02]
Vol. 549 No. 2
86 Cecilia Keaveney asked the Minister for Finance the improvements in personal taxation which have occurred in each of the years from 1996 to 2002; and if he will make a statement on the matter. [6173/02]
The level of personal taxation has been influenced by changes in income tax rates, the standard rate band and tax credits/allowances. A table showing the rates, bands and credits as they were in each year from 1996 to 2002 is attached.
As a result of changes introduced in the six budgets, the last five of which occurred since this Government came into office, the standard rate of tax has been reduced by seven percentage points from 27% to 20% and the top rate of tax has been reduced by six percentage points from 48% to 42%.
Year |
1996/97IR£ |
1997/98IR£ |
1998/99IR£ |
1999/2000IR£** |
2000/01IR£ |
Short tax “year” 2001IR£ (12 month values shown below)** |
2002IR£ |
2002Euro |
Personal Allowances/credits |
||||||||
Single |
2,650 mr |
2,900 mr |
3,150 mr |
4,200 st |
4,700 st |
1,100 tc |
1,197 tc |
1,520 tc |
Married |
5,300 mr |
5,800 mr |
6,300 mr |
8,400 st |
9,400 st |
2,200 tc |
2,394 tc |
3,040 tc |
PAYE (Employee tax credit) |
800 mr |
800 mr |
800 mr |
1,000 st |
1,000 st |
400 tc |
520 tc |
660 tc |
Rates |
||||||||
Standard rate |
27% |
26% |
24% |
24% |
22% |
20% |
20% |
20% |
Higher rate |
48% |
48% |
46% |
46% |
44% |
42% |
42% |
42% |
Bands |
||||||||
Single |
9,400 |
9,900 |
10,000 |
14,000 |
17,000 |
20,000 |
22,052 |
28,000 |
Married |
18,800 |
19,800 |
20,000 |
28,000 |
||||
Married one earner couple |
28,000 |
29,000 |
29,140 |
37,000 |
||||
Married two earner couple |
34,000 |
40,000 |
44,104 |
56,000 |