Dáil Éireann Debate, Thursday - 21 January 2016
60. Deputy Brendan Griffin asked the Minister for Finance the revenues from the introduction of a higher income contribution of 5% on incomes over €100,000 per year, applying only on the excess, using the current universal social charge base; and if he will make a statement on the matter. [2663/16]
View answerI am advised by the Revenue Commissioners that the estimated first & full year yield to the Exchequer from an additional 5% charge on the portion of gross incomes over €100,000 would be in the order of €207 million and €347 million respectively.
These figures are estimates from the Revenue tax forecasting model using latest actual data for the year 2013, adjusted as necessary for income, self-employment and employment trends in the interim. They are estimated by reference to 2016 incomes and are provisional and may be revised.
