Dáil Éireann Debate, Tuesday - 15 July 2014
170. Deputy Terence Flanagan asked the Minister for Finance the amount that would be raised by the Exchequer if income tax was increased by 1%, 2% or 3% in each tax band; and if he will make a statement on the matter. [30883/14]
View answerI am informed by the Revenue Commissioners that the full year yield to the Exchequer, estimated by reference to 2014 incomes, of increasing both standard rate and higher rates of Income Tax by 1, 2 and 3 percentage points would be approximately €660 million, €1,330 million and €2,000 million respectively.
