Dáil Éireann Debate, Friday - 16 September 2016
328. Deputy Thomas P. Broughan asked the Minister for Finance the estimated yield to the Exchequer from the introduction of a third rate of income tax at 48% on incomes of over €100,000; and if he will make a statement on the matter. [26115/16]
View answerI am advised by Revenue that the estimated first & full year yield to the Exchequer from a new third rate of Income Tax at 48% on incomes of over €100,000 would be in the order of €531 million and €687 million respectively.
These figures are estimates from the Revenue tax forecasting model using latest actual data for the year 2014, adjusted as necessary for income, self-employment and employment trends in the interim. They are estimated by reference to projected 2017 incomes, they are provisional and may be revised.
