Wednesday, 10 July 2013

Questions (128)

Pearse Doherty

Question:

128. Deputy Pearse Doherty asked the Minister for Finance the revenue that would be raised for the Exchequer if tax credits, personal and employee, were phased out for income earners over €100,000 with €1 in tax credits being lost for every €2 earned; the impact that would have on income earners' average tax take, using categories €100,001-€150,000, €150,001-€200,000 and €200,001+ per annum, within the existing rate; if a new 48% band applied to the income in excess of €100,000, what the effective tax rate increase would be for income earners in those categories; and what the existing effective tax rates are. [33916/13]

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Written answers (Question to Finance)

Unfortunately, it was not possible to collate the information required for this answer in the time allowed. I will provide the Deputy with the answer in writing shortly.