Paul McGrath
Question:80 Mr. McGrath asked the Minister for Finance the number of taxpayers who would be removed from paying tax at the higher rate by broadening the lower rate tax band by £1,000, £2,000 and £3,000. [19366/99]
Written Answers. - Tax Bands.
I am informed by the Revenue Commissioners that the information requested, estimated by reference to the income tax year 2000-01, is as follows.
|
Changes |
Numbers removed from top rate of tax |
|
Standard tax band £14,000-£28,000: |
|
|
increase by £1,000 |
58,000 |
|
increase by £2,000 |
113,500 |
|
increase by £3,000 |
164,300 |
These figures are provisional and are likely to be revised.
It is assumed that the increases in the single person's standard rate band must be combined with double those increases for married persons assessed to tax on the aggregate basis.