Tax Yield

Questions (102)

Stephen Donnelly

Question:

102. Deputy Stephen S. Donnelly asked the Minister for Finance the expected revenue generated for the year 2014, assuming no changes to the taxation relevant to the individual, if an average single individual not currently in employment with no dependants were to return to full-time employment; and if he will make a statement on the matter. [33882/13]

View answer

Written answers (Question to Finance)

It is assumed that the individual in question takes up employment earning the average industrial wage (i.e. €31,485 for 2012 based on the latest information available). In addition, it should be noted that any social welfare payment that an individual may be entitled to has not been taken account of for the purpose of these computations. Furthermore, it is assumed that the individual is not in receipt of a medical card and therefore does not benefit from the concessionary Universal Social Charge (USC) rate.

It should be noted that following tax credits have been included in the computation where relevant:

Tax credit

PAYE tax credit:

€1,650

Personal tax credit:

€1,650

Married tax credit:

€3,300

One parent family tax credit:

€1,650

Home carer tax credit:

€810

Tax Liability 2014

Tax Liability

Earnings

€31,485

USC

€1,523

PRSI

€1,259

Income Tax

€2,997

Total Deductions

€5,779

Net Pay

€25,706

Tax Yield

Questions (103)

Stephen Donnelly

Question:

103. Deputy Stephen S. Donnelly asked the Minister for Finance the expected revenue generated for the year 2014, assuming no changes to the taxation relevant to the individual, if an average individual not currently in employment with a dependent spouse were to return to full-time employment; and if he will make a statement on the matter. [33883/13]

View answer

Written answers (Question to Finance)

It is assumed that the individual in question takes up employment earning the average industrial wage (i.e. €31,485 for 2012 based on the latest information available). In addition, it should be noted that any social welfare payment that an individual may be entitled to has not been taken account of for the purpose of these computations. Furthermore, it is assumed that the individual is not in receipt of a medical card and therefore does not benefit from the concessionary Universal Social Charge (USC) rate.

It should be noted that following tax credits have been included in the computation where relevant:

Tax Credit

PAYE tax credit:

€1,650

Personal tax credit:

€1,650

Married tax credit:

€3,300

One parent family tax credit:

€1,650

Home carer tax credit:

€810

Tax Liability 2014

Tax Liability

Earnings

€31,485

USC

€1,523

PRSI

€1,259

Income Tax

€1,347

Total Deductions

€4,129

Net Pay

€27,356

Tax Yield

Questions (104)

Stephen Donnelly

Question:

104. Deputy Stephen S. Donnelly asked the Minister for Finance the expected revenue generated for the year 2014, assuming no changes to the taxation relevant to the individual, if an average single individual not currently in employment with one dependent child were to return to full-time employment; and if he will make a statement on the matter. [33884/13]

View answer

Written answers (Question to Finance)

It is assumed that the individual in question takes up employment earning the average industrial wage (i.e. €31,485 for 2012 based on the latest information available). In addition, it should be noted that any social welfare payment that an individual may be entitled to has not been taken account of for the purpose of these computations. Furthermore, it is assumed that the individual is not in receipt of a medical card and therefore does not benefit from the concessionary Universal Social Charge (USC) rate.

It should be noted that following tax credits have been included in the computation where relevant:

Tax Credit

PAYE tax credit:

€1,650

Personal tax credit:

€1,650

Married tax credit:

€3,300

One parent family tax credit:

€1,650

Home carer tax credit:

€810

Tax Liability 2014

Tax Liability

Earnings

€31,485

USC

€1,523

PRSI

€1,259

Income Tax

€1,347

Total Deductions

€4,129

Net Pay

€27,356

Tax Yield

Questions (105)

Stephen Donnelly

Question:

105. Deputy Stephen S. Donnelly asked the Minister for Finance the expected revenue generated for the year 2014, assuming no changes to the taxation relevant to the individual, if an average individual with a dependent spouse and one dependent child were to take up full-time employment; and if he will make a statement on the matter. [33885/13]

View answer

Written answers (Question to Finance)

Tax Yield

Questions (106)

Stephen Donnelly

Question:

106. Deputy Stephen S. Donnelly asked the Minister for Finance the expected revenue generated for the year 2014, assuming no changes to the taxation relevant to the individual, if an average single individual not currently in employment with two dependent children were to return to full-time employment; and if he will make a statement on the matter. [33886/13]

View answer

Written answers (Question to Finance)

It is assumed that the individual in question takes up employment earning the average industrial wage (i.e. €31,485 for 2012 based on the latest information available). In addition, it should be noted that any social welfare payment that an individual may be entitled to has not been taken account of for the purpose of these computations. Furthermore, it is assumed that the individual is not in receipt of a medical card and therefore does not benefit from the concessionary Universal Social Charge (USC) rate.

It should be noted that following tax credits have been included in the computation where relevant:

Tax Credit

PAYE tax credit:

€1,650

Personal tax credit:

€1,650

Married tax credit:

€3,300

One parent family tax credit:

€1,650

Home carer tax credit:

€810

Tax Liability 2014

Tax Liability

Earnings

€31,485

USC

€1,523

PRSI

€1,259

Income Tax

€1,347

Total Deductions

€4,129

Net Pay

€27,356

Tax Yield

Questions (107)

Stephen Donnelly

Question:

107. Deputy Stephen S. Donnelly asked the Minister for Finance the expected revenue generated for the year 2014, assuming no changes to the taxation relevant to the person, if an average person with a dependent spouse and two dependent children were to take up full-time employment; and if he will make a statement on the matter. [33887/13]

View answer

Written answers (Question to Finance)

It is assumed that the individual in question takes up employment earning the average industrial wage (i.e. €31,485 for 2012 based on the latest information available). In addition, it should be noted that any social welfare payment that an individual may be entitled to has not been taken account of for the purpose of these computations. Furthermore, it is assumed that the individual is not in receipt of a medical card and therefore does not benefit from the concessionary Universal Social Charge (USC) rate.

It should be noted that following tax credits have been included in the computation where relevant:

Tax Credit

PAYE tax credit:

€1,650

Personal tax credit:

€1,650

Married tax credit:

€3,300

One parent family tax credit:

€1,650

Home carer tax credit:

€810

Tax Liability 2014

Tax Liability

Earnings

€31,485

USC

€1,523

PRSI

€1,259

Income Tax

€537

Total Deductions

€3,319

Net Pay

€28,166

Tax Yield

Questions (108)

Stephen Donnelly

Question:

108. Deputy Stephen S. Donnelly asked the Minister for Finance the expected revenue generated for the year 2014, assuming no changes to the taxation relevant to the person, if an average single person not currently in employment with three dependent children were to return to take up full-time employment; and if he will make a statement on the matter. [33888/13]

View answer

Written answers (Question to Finance)

It is assumed that the individual in question takes up employment earning the average industrial wage (i.e. €31,485 for 2012 based on the latest information available). In addition, it should be noted that any social welfare payment that an individual may be entitled to has not been taken account of for the purpose of these computations. Furthermore, it is assumed that the individual is not in receipt of a medical card and therefore does not benefit from the concessionary Universal Social Charge (USC) rate.

It should be noted that following tax credits have been included in the computation where relevant:

Tax Credit

PAYE tax credit:

€1,650

Personal tax credit:

€1,650

Married tax credit:

€3,300

One parent family tax credit:

€1,650

Home carer tax credit:

€810

Tax Liability 2014

Tax Liability

Earnings

€31,485

USC

€1,523

PRSI

€1,259

Income Tax

€1,347

Total Deductions

€4,129

Net Pay

€27,356

Tax Yield

Questions (109)

Stephen Donnelly

Question:

109. Deputy Stephen S. Donnelly asked the Minister for Finance the expected revenue generated for the year 2014, assuming no changes to the taxation relevant to the person, if an average person with a dependent spouse and three children were to take up full-time employment; and if he will make a statement on the matter. [33889/13]

View answer

Written answers (Question to Finance)

It is assumed that the individual in question takes up employment earning the average industrial wage (i.e. €31,485 for 2012 based on the latest information available). In addition, it should be noted that any social welfare payment that an individual may be entitled to has not been taken account of for the purpose of these computations. Furthermore, it is assumed that the individual is not in receipt of a medical card and therefore does not benefit from the concessionary Universal Social Charge (USC) rate.

It should be noted that following tax credits have been included in the computation where relevant:

Tax Credit

Personal tax credit:

€1,650

PAYE tax credit:

€1,650

Married tax credit:

€3,300

One parent family tax credit:

€1,650

Home carer tax credit:

€810

Tax Liability 2014

Tax Liability

Earnings

€31,485

USC

€1,523

PRSI

€1,259

Income Tax

€537

Total Deductions

€3,319

Net Pay

€28,166

Tax Yield

Questions (110)

Stephen Donnelly

Question:

110. Deputy Stephen S. Donnelly asked the Minister for Finance the expected revenue generated for the year 2014, assuming no changes to the taxation relevant to the person, if an average single person currently in part-time employment with no dependants were to move to full-time employment; and if he will make a statement on the matter. [33890/13]

View answer

Written answers (Question to Finance)

It is assumed that the individual in question is working part time in 2013 for 20 hours a week at the minimum hourly rate of €8.65 per hour, which equates to an annual income of €8,996 per annum. In 2014, the individual takes up full time employment earning the average industrial wage (i.e. €31,485 for 2012 based on the latest information available). In addition, it should be noted that any social welfare payment that an individual may be entitled to has not been taken account of for the purpose of these computations. Furthermore, it is assumed that the individual is not in receipt of a medical card and therefore does not benefit from the concessionary Universal Social Charge (USC) rate.

It should be noted that following tax credits have been included in the computation where relevant:

Tax Credit

PAYE tax credit:

€1,650

Personal tax credit:

€1,650

Married tax credit:

€3,300

One parent family tax credit:

€1,650

Home carer tax credit:

€810

Tax Liability 2013

Tax Liability

Earnings

€8,996

USC

Nil

PRSI

Nil

Income Tax

Nil

Total Deductions

Nil

Net Pay

€8,996

Tax Liability 2014

Tax Liability

Earnings

€31,485

USC

€1,523

PRSI

€1,259

Income Tax

€2,997

Total Deductions

€5,779

Net Pay

€25,706

Tax Yield

Questions (111)

Stephen Donnelly

Question:

111. Deputy Stephen S. Donnelly asked the Minister for Finance the expected revenue generated for the year 2014, assuming no changes to the taxation relevant to the person, if an average person currently in part-time employment with a dependent spouse were to move to full-time employment; and if he will make a statement on the matter. [33891/13]

View answer

Written answers (Question to Finance)

It is assumed that the individual in question is working part time in 2013 for 20 hours a week at the minimum hourly rate of €8.65 per hour, which equates to an annual income of €8,996 per annum. In 2014, the individual takes up full time employment earning the average industrial wage (i.e. €31,485 for 2012 based on the latest information available). In addition, it should be noted that any social welfare payment that an individual may be entitled to has not been taken account of for the purpose of these computations. Furthermore, it is assumed that the individual is not in receipt of a medical card and therefore does not benefit from the concessionary Universal Social Charge (USC) rate.

It should be noted that following tax credits have been included in the computation where relevant:

Tax Credit

PAYE tax credit:

€1,650

Personal tax credit:

€1,650

Married tax credit:

€3,300

One parent family tax credit:

€1,650

Home carer tax credit:

€810

Tax Liability 2013

Tax Liability

Earnings

€8,996

USC

Nil

PRSI

Nil

Income Tax

Nil

Total Deductions

Nil

Net Pay

€8,996

Tax Liability 2014

Tax Liability

Earnings

€31,485

USC

€1,523

PRSI

€1,259

Income Tax

€1,347

Total Deductions

€4,129

Net Pay

€27,356

Tax Yield

Questions (112)

Stephen Donnelly

Question:

112. Deputy Stephen S. Donnelly asked the Minister for Finance the expected revenue generated for the year 2014, assuming no changes to the taxation relevant to the person, if an average single person currently in part-time employment with one dependent child were to move to full-time employment; and if he will make a statement on the matter. [33892/13]

View answer

Written answers (Question to Finance)

It is assumed that the individual in question is working part time in 2013 for 20 hours a week at the minimum hourly rate of €8.65 per hour, which equates to an annual income of €8,996 per annum. In 2014, the individual takes up full time employment earning the average industrial wage (i.e. €31,485 for 2012 based on the latest information available). In addition, it should be noted that Family Income Supplement (FIS) has not been taken account of for the purpose of these computations. Furthermore, it is assumed that the individual is not in receipt of a medical card and therefore does not benefit from the concessionary Universal Social Charge (USC) rate.

It should be noted that following tax credits have been included in the computation where relevant:

Tax Credit

PAYE tax credit:

€1,650

Personal tax credit:

€1,650

Married tax credit:

€3,300

One parent family tax credit:

€1,650

Home carer tax credit:

€810

Tax Liability 2013

Tax Liability

Earnings

€8,996

One Parent family payment

€10,026

Total Gross Income

€19,022

USC

Nil

PRSI

Nil

Income Tax

Nil

Total Deductions

Nil

Net Pay

€19,022

Tax Liability 2014

Tax Liability

Earnings

€31,485

USC

€1,523

PRSI

€1,259

Income Tax

€1,347

Total Deductions

€4,129

Net Pay

€27,356

Tax Yield

Questions (113)

Stephen Donnelly

Question:

113. Deputy Stephen S. Donnelly asked the Minister for Finance the expected revenue generated for the year 2014, assuming no changes to the taxation relevant to the person, if an average person currently in part-time employment with a dependent spouse and one dependent child were to move to full-time employment; and if he will make a statement on the matter. [33893/13]

View answer

Written answers (Question to Finance)

It is assumed that the individual in question is working part time in 2013 for 20 hours a week at the minimum hourly rate of €8.65 per hour, which equates to an annual income of €8,996 per annum. In 2014, the individual takes up full time employment earning the average industrial wage (i.e. €31,485 for 2012 based on the latest information available). In addition, it should be noted that any social welfare payment that an individual may be entitled to has not been taken account of for the purpose of these computations. Furthermore, it is assumed that the individual is not in receipt of a medical card and therefore does not benefit from the concessionary Universal Social Charge (USC) rate.

It should be noted that following tax credits have been included in the computation where relevant:

Tax Credit

PAYE tax credit:

€1,650

Personal tax credit:

€1,650

Married tax credit:

€3,300

One parent family tax credit:

€1,650

Home carer tax credit:

€810

Tax Liability 2013

Tax Liability

Earnings

€8,996

USC

Nil

PRSI

Nil

Income Tax

Nil

Total Deductions

Nil

Net Pay

€8,996

Tax Liability 2014

Tax Liability

Earnings

€31,485

USC

€1,523

PRSI

€1,259

Income Tax

€537

Total Deductions

€3,319

Net Pay

€28,166

Tax Yield

Questions (114)

Stephen Donnelly

Question:

114. Deputy Stephen S. Donnelly asked the Minister for Finance the expected revenue generated for the year 2014, assuming no changes to the taxation relevant to the person, if an average single person currently in part-time employment with two dependent children were to move to full-time employment; and if he will make a statement on the matter. [33894/13]

View answer

Written answers (Question to Finance)

It is assumed that the individual in question is working part time in 2013 for 20 hours a week at the minimum hourly rate of €8.65 per hour, which equates to an annual income of €8,996 per annum. In 2014, the individual takes up full time employment earning the average industrial wage (i.e. €31,485 for 2012 based on the latest information available). In addition, it should be noted that Family Income Supplement (FIS) has not been taken account of for the purpose of these computations. Furthermore, it is assumed that the individual is not in receipt of a medical card and therefore does not benefit from the concessionary Universal Social Charge (USC) rate.

It should be noted that following tax credits have been included in the computation where relevant:

Tax Credit

PAYE tax credit:

€1,650

Personal tax credit:

€1,650

Married tax credit:

€3,300

One parent family tax credit:

€1,650

Home carer tax credit:

€810

Tax Liability 2013

Tax Liability

Earnings

€8,996

One Parent Family payment

€11,575

Total Gross Income

€20,571

USC

Nil

PRSI

Nil

Income Tax

Nil

Total Deductions

Nil

Net Pay

€20,571

Tax Liability 2014

Tax Liability

Earnings

€31,485

USC

€1,523

PRSI

€1,259

Income Tax

€1,247

Total Deductions

€4,129

Net Pay

€27,356

Tax Yield

Questions (115)

Stephen Donnelly

Question:

115. Deputy Stephen S. Donnelly asked the Minister for Finance the expected revenue generated for the year 2014, assuming no changes to the taxation relevant to the person, if an average single person currently in part-time employment with a dependent spouse and two dependent children were to move to full-time employment; and if he will make a statement on the matter. [33895/13]

View answer

Written answers (Question to Finance)

I assume the Deputy refers to a married individual. In such a case it is further assumed that the individual in question is working part time in 2013 for 20 hours a week at the minimum hourly rate of €8.65 per hour, which equates to an annual income of €8,996 per annum. In 2014, the individual takes up full time employment earning the average industrial wage (i.e. €31,485 for 2012 based on the latest information available). In addition, it should be noted that any social welfare payment that an individual may be entitled to has not been taken account of for the purpose of these computations. Furthermore, it is assumed that the individual is not in receipt of a medical card and therefore does not benefit from the concessionary Universal Social Charge (USC) rate.

It should be noted that following tax credits have been included in the computation where relevant:

Tax Credit

PAYE tax credit:

€1,650

Personal tax credit:

€1,650

Married tax credit:

€3,300

One parent family tax credit:

€1,650

Home carer tax credit:

€810

Tax Liability 2013

Tax Liability

Earnings

€8,996

USC

Nil

PRSI

Nil

Income Tax

Nil

Total Deductions

Nil

Net Pay

€8,996

Tax Liability 2014

Tax Liability

Earnings

€31,485

USC

€1,523

PRSI

€1,259

Income Tax

€537

Total Deductions

€3,319

Net Pay

€28,166