Dáil Éireann Debate, Thursday - 13 July 2017
177. Deputy Michael McGrath asked the Minister for Finance the full year cost of increasing the single and widowed marginal tax band to €33,900, €34,900, €35,900, €36,900, €37,900 and €38,900, respectively; and if he will make a statement on the matter. [34209/17]
View answer178. Deputy Michael McGrath asked the Minister for Finance the full year cost of increasing the married one income marginal tax band to €42,900, €43,900, €44,900, €45,900, €46,900 and €47,900, respectively; and if he will make a statement on the matter. [34210/17]
View answer179. Deputy Michael McGrath asked the Minister for Finance the full year cost of increasing the married two income marginal tax band to €67,800, €68,800, €69,800, €70,800, €71,800 and €72,800, respectively; and if he will make a statement on the matter. [34211/17]
View answer182. Deputy Michael McGrath asked the Minister for Finance the full year cost or yield from merging the first band of USC below €12,012 with the second band of USC from €12,012 to €18,772 at a rate 0.5%, 1%, 1.5%, 2% and 2.5% respectively leaving all else equal with USC; and if he will make a statement on the matter. [34214/17]
View answerI propose to take Questions Nos. 177 to 179, inclusive, and 182 together.
I am advised by Revenue that a Post-Budget 2017 Ready Reckoner is available on the Revenue Statistics webpage at http://www.revenue.ie/en/corporate/information-about-revenue/statistics/ready-reckoner/index.aspx.
This Ready Reckoner shows a wide range of detailed information, including the estimated cost or yield to the Exchequer of widening the standard tax rate bands and the cost of reducing the USC rates. While the Ready Reckoner does not show all of the specific costings requested by the Deputy, other changes can be estimated on a pro-rata basis with those displayed in the Reckoner.
The figures provided in the Ready Reckoner 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.
