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Tax Yield

Dáil Éireann Debate, Tuesday - 14 May 2013

Tuesday, 14 May 2013

Questions (183)

Terence Flanagan

Question:

183. Deputy Terence Flanagan asked the Minister for Finance the number of taxpayers earning more than €100,000 per annum; the amount of tax they pay; the percentage this is of the total tax take; and if he will make a statement on the matter. [22278/13]

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Written answers

I am advised by the Revenue Commissioners that the number of income earners earning gross income in excess of €100,000, estimated by reference to projected incomes for 2013, is 108,700. In addition, the income tax liability for this cohort it is estimated at €5,077 million which represents 44% of the expected income tax yield in 2013. Numbers are rounded to the nearest hundred, tax liability amount is rounded to the nearest million, and percentage of tax liability is rounded to the nearest percentage point.

It should be noted that the figure for tax and percentage tax yield only relate to income tax and do not take account of additional liability to PRSI and Universal Social Charge.

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 2011. A married couple who has elected or has been deemed to have elected for joint assessment is counted as one tax unit.

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