Dermot Ahern
Question:47 Mr. D. Ahern asked the Minister for Finance if he will give details of the rates of income tax in each of the years from 1983 to date in 1997; and if he will make a statement on the matter. [10627/97]
Written Answers. - Income Tax Rates.
The income tax rates and the bands in operation from the 1983-84 tax year to the current tax year, 1997-98, are shown in the following tabular statement.
During the period in question the level and number of tax rates have been reduced. In more recent years, tax changes have primarily centred on increasing personal allowances and exemption limits and widening the standard band. Such measures, combined with the introduction of the new £80 per week PRSI-free allowance and the 1 per cent reduction made this year in both the standard income tax rate and the main rate of employees' PRSI, have focused assistance toward those on lower to middle incomes, while also significantly raising the thresholds at which income becomes liable to the 48 per cent tax rate.
Rates of Income Tax 1983-97
|
Individual Taxpayer |
Married Couple |
||||
|
1983-84 |
|||||
|
£1,000 |
@ |
25% |
£2,000 |
@ |
25% |
|
£3,000 |
@ |
35% |
£6,000 |
@ |
35% |
|
£2,000 |
@ |
45% |
£4,000 |
@ |
45% |
|
£2,000 |
@ |
55% |
£4,000 |
@ |
55% |
|
£2,000 |
@ |
60% |
£4,000 |
@ |
60% |
|
Balance |
@ |
65% |
Balance |
@ |
65% |
|
1984-85 |
|||||
|
£4,000 |
@ |
35% |
£8,000 |
@ |
35% |
|
£2,000 |
@ |
45% |
£4,000 |
@ |
45% |
|
£2,000 |
@ |
55% |
£4,000 |
@ |
55% |
|
£2,000 |
@ |
60% |
£4,000 |
@ |
60% |
|
Balance |
@ |
65% |
Balance |
@ |
65% |
|
1985-86 |
|||||
|
£4,500 |
@ |
35% |
£9,000 |
@ |
35% |
|
£2,800 |
@ |
48% |
£5,600 |
@ |
48% |
|
Balance |
@ |
60% |
Balance |
@ |
60% |
|
1986-87 and 1987-88 |
|||||
|
£4,700 |
@ |
35% |
£9,400 |
@ |
35% |
|
£2,800 |
@ |
48% |
£5,600 |
@ |
48% |
|
Balance |
@ |
58% |
Balance |
@ |
58% |
|
1988-89 |
|||||
|
£5,700 |
@ |
35% |
£11,400 |
@ |
35% |
|
£2,900 |
@ |
48% |
£5,800 |
@ |
48% |
|
Balance |
@ |
58% |
Balance |
@ |
58% |
|
1989-90 |
|||||
|
£6,100 |
@ |
32% |
£12,200 |
@ |
32% |
|
£3,100 |
@ |
48% |
£6,200 |
@ |
48% |
|
Balance |
@ |
56% |
Balance |
@ |
56% |
|
1990-91 |
|||||
|
£6,500 |
@ |
30% |
£13,000 |
@ |
30% |
|
£3,100 |
@ |
48% |
£6,200 |
@ |
48% |
|
Balance |
@ |
53% |
Balance |
@ |
53% |
|
1991-92 |
|||||
|
£6,700 |
@ |
29% |
£13,400 |
@ |
29% |
|
£3,100 |
@ |
48% |
£6,200 |
@ |
48% |
|
Balance |
@ |
52% |
Balance |
@ |
52% |
|
1992-93 |
|||||
|
£7,475 |
@ |
27% |
£14,950 |
@ |
27% |
|
Balance |
@ |
48% |
Balance |
@ |
48% |
|
1993-94 |
|||||
|
£7,675 |
@ |
27% |
£15,350 |
@ |
27% |
|
Balance |
@ |
48% |
Balance |
@ |
48% |
|
1994-95 |
|||||
|
£8,200 |
@ |
27% |
£16,400 |
@ |
27% |
|
Balance |
@ |
48% |
Balance |
@ |
48% |
|
1995-96 |
|||||
|
£8,900 |
@ |
27% |
£17,800 |
@ |
27% |
|
Balance |
@ |
48% |
Balance |
@ |
48% |
|
1996-97 |
|||||
|
£9,400 |
@ |
27% |
£18,800 |
@ |
27% |
|
Balance |
@ |
48% |
Balance |
@ |
48% |
|
1997-98 |
|||||
|
£9,900 |
@ |
26% |
£19,800 |
@ |
26% |
|
Balance |
@ |
48% |
Balance |
@ |
48% |