Dáil Éireann Debate, Tuesday - 17 February 2009
155 Deputy Arthur Morgan asked the Minister for Finance the expected yield to the Exchequer if the tax band was raised to 48% for earners on €100,000 and above; and if he will make a statement on the matter. [5667/09]
View answerIt is assumed that the threshold for the proposed new tax bands mentioned by the Deputy would not alter the existing standard rate band structure applying to single and widowed persons, to lone parents and married couples.
I am advised by the Revenue Commissioners that the estimated full year yield to the Exchequer, estimated by reference to 2009 incomes, would be of the order of €435 million. Given the current band structures, major issues would need to be resolved as to how in practice such a new rate could be integrated into the current system and how this would affect the relative position of different types of income earners. This figure is provisional and subject to revision.
