Tax Yield.

Dáil Éireann Debate, Tuesday - 10 March 2009

Tuesday, 10 March 2009

Questions (126, 127, 128, 129, 130, 131, 132, 133, 134, 135)

Lucinda Creighton

Question:

151 Deputy Lucinda Creighton asked the Minister for Finance the amount of revenue that would be generated for the Exchequer by an increase of 1% in the higher rate of tax. [9812/09]

Lucinda Creighton

Question:

152 Deputy Lucinda Creighton asked the Minister for Finance the amount of revenue that would be generated for the Exchequer by an increase of 2% in the higher rate of tax. [9813/09]

Lucinda Creighton

Question:

153 Deputy Lucinda Creighton asked the Minister for Finance the amount of revenue that would be generated for the Exchequer by an increase of 3% in the higher rate of tax. [9814/09]

Lucinda Creighton

Question:

154 Deputy Lucinda Creighton asked the Minister for Finance the amount of revenue that would be generated for the Exchequer by an increase of 4% in the higher rate of tax. [9815/09]

Lucinda Creighton

Question:

155 Deputy Lucinda Creighton asked the Minister for Finance the amount of revenue that would be generated for the Exchequer by an increase of 5% in the higher rate of tax. [9816/09]

Written answers

Minister for Finance (Deputy Brian Lenihan)

I propose to take Questions Nos. 151 to 155, inclusive, together.

I am informed by the Revenue Commissioners that the full-year yield to the Exchequer, estimated by reference to 2009 incomes, of increasing the higher rate of income tax by one, two, three, four and five percentage points would be approximately €220 million, €440 million, €655 million, €875 million and €1,095 million respectively. These figures are provisional and subject to revision.

Lucinda Creighton

Question:

156 Deputy Lucinda Creighton asked the Minister for Finance the amount of revenue that would be generated for the Exchequer by an increase of 1% in the lower rate of tax. [9817/09]

Lucinda Creighton

Question:

157 Deputy Lucinda Creighton asked the Minister for Finance the amount of revenue that would be generated for the Exchequer by an increase of 2% in the lower rate of tax. [9818/09]

Lucinda Creighton

Question:

158 Deputy Lucinda Creighton asked the Minister for Finance the amount of revenue that would be generated for the Exchequer by an increase of 3% in the lower rate of tax. [9819/09]

Lucinda Creighton

Question:

159 Deputy Lucinda Creighton asked the Minister for Finance the amount of revenue that would be generated for the Exchequer by an increase of 4% in the lower rate of tax. [9820/09]

Lucinda Creighton

Question:

160 Deputy Lucinda Creighton asked the Minister for Finance the amount of revenue that would be generated for the Exchequer by an increase of 5% in the lower rate of tax. [9821/09]

Minister for Finance (Deputy Brian Lenihan)

I propose to take Questions Nos. 156 to 160, inclusive, together.

I am informed by the Revenue Commissioners that the full-year yield to the Exchequer, estimated by reference to 2009 incomes, of increasing the standard rate of income tax by one, two, three, four and five percentage points would be approximately €560 million, €1,120 million, €1,680 million, €2,240 million and €2,800 million respectively. These figures are provisional and subject to revision.