Tom Barry
Question:151. Deputy Tom Barry asked the Minister for Finance the worth to the economy of a 1.5% rate of universal social charge to higher earners, that is over €100,000. [1087/15]
View answerWednesday, 14 January 2015
Questions (151)
Written answers
It is not possible to answer the Deputy's question, as in its current form it is open to a series of interpretations. For instance the Deputy may wish to know the cost to the Exchequer from reducing, from 3% to 1.5%, the current USC surcharge which applies to that portion of self-assessed income over €100,000 per annum. Alternatively, he may be inquiring about the potential yield from extending the surcharge at the suggested rate to PAYE workers earning in excess of €100,000.
My officials have, on a number of occasions, sought clarification from the Deputy as to the precise nature of the question to which he seeks a response. However, no response was received. If the Deputy wishes to re-submit a question after discussing the matter with officials, I would be pleased to provide him with a targeted response.