Dáil Éireann Debate, Wednesday - 24 October 2012
45. Deputy Brendan Griffin asked the Minister for Finance if he will provide a breakdown of State revenue generated through the universal social charge, with details of the amounts generated from various income levels; the total amount generated per annum; and if he will make a statement on the matter. [46565/12]
View answerI am advised by the Revenue Commissioners that the net receipt from the Universal Social Charge (USC) in 2011 was €3,114.5 million and the estimated cash receipt for 2012 is €3,873 million. While the necessary detailed data is not compiled in such a manner as would enable an income distribution of expected receipts to be provided, a modelled distribution of the estimated amount of USC due for the tax year 2012 by reference to projected incomes for 2012 has been compiled and is set out in the following table.
|
Range of Gross Income |
Universal Social Charge |
USC by range as % of total |
|
€ |
€ |
|
|
0 - 20,000 |
128,999,383 |
3.4% |
|
20001 - 30000 |
335,535,868 |
8.7% |
|
30,001 - 40,000 |
455,951,252 |
11.8% |
|
40001 - 50000 |
435,770,416 |
11.3% |
|
50001 - 60000 |
369,164,370 |
9.6% |
|
60001 - 70000 |
311,375,014 |
8.1% |
|
70001 - 80000 |
263,740,770 |
6.9% |
|
80001 - 90000 |
207,524,244 |
5.4% |
|
90,001 - 100,000 |
167,003,554 |
4.3% |
|
100,001 - 120,000 |
241,761,971 |
6.3% |
|
120,001 - 140,000 |
158,024,350 |
4.1% |
|
140,001 - 160,000 |
106,565,131 |
2.8% |
|
160,001 - 180,000 |
78,804,425 |
2.0% |
|
180,001 - 200,000 |
61,481,574 |
1.6% |
|
200,001 - 250,000 |
107,728,875 |
2.8% |
|
250001 - 300,000 |
71,526,983 |
1.9% |
|
300,001 - 350,000 |
50,391,442 |
1.3% |
|
350,001- 400,000 |
37,651,749 |
1.0% |
|
400,001 - 450,000 |
30,225,816 |
0.8% |
|
450,001 - 500,000 |
24,360,437 |
0.6% |
|
500,001 - 750,000 |
77,009,704 |
2.0% |
|
750,001 - 1,000,000 |
39,912,090 |
1.0% |
|
1,000,001 - 2,000,000 |
53,576,622 |
1.4% |
|
Over 2,000,000 |
35,655,346 |
0.9% |
|
Overall Total |
3,849,741,386 |
100.0% |
The figure for total USC provided in the table is a projected estimate of the total liability to the tax in respect of the tax year 2012 and is not intended to correspond to the cash receipts expected to be collected in the corresponding calendar year. Figures of cash receipts are subject to timing arrangements and can also be distorted by cash-flow adjustments. The figures are estimates from the Revenue tax-forecasting model using actual data for the year 2010 adjusted as necessary for income and employment trends in the interim. These are, therefore, provisional and likely to be revised. It should be noted that Gross Income is as defined in the Revenue Statistical Report 2010. The numbers of income earners shown in the table counts a married couple who has elected or has been deemed to have elected for joint assessment as one tax unit although USC is an individualised charge and as such the estimated liability is calculated on the basis of individual incomes.
