Dáil Éireann Debate, Wednesday - 1 June 2016
123. Deputy Pearse Doherty asked the Minister for Social Protection the revenue that would be raised by introducing a new employers’ rate of pay related social insurance of 12.75%, 13.5%, 14.5% and 15.75% on the portion of salary paid in excess of €100,000 per year. [13887/16]
View answerThe information requested by the Deputy is contained in the following table. These estimates are based on macro-economic indicators for 2016 only. The estimates do not take possible changes in employer or employee behaviour into account.
Table: Yield from increased Class A Employer PRSI rates on income above €100,000 per annum
|
Employer PRSI Rate |
Yield – Class A |
|
12.75% |
€107 million |
|
13.5% |
€147 million |
|
14.5% |
€200 million |
|
15.75% |
€267 million |
