Dáil Éireann Debate, Tuesday - 24 July 2018
226. Deputy Thomas P. Broughan asked the Minister for Finance the estimated yield from the introduction of a third rate of income tax at 45%, 48% and 50%, respectively, on incomes of over €100,000; and if he will make a statement on the matter. [33505/18]
View answer227. Deputy Thomas P. Broughan asked the Minister for Finance the estimated yield from the introduction of a third rate of income tax at 45%, 48% and 50%, respectively, on incomes of over €120,000; and if he will make a statement on the matter. [33506/18]
View answerI propose to take Questions Nos. 226 and 227 together.
I am advised by Revenue that the Ready Reckoner, which is available on the Revenue website at https://www.revenue.ie/en/corporate/information-about-revenue/statistics/ready-reckoner/index.aspx, on page 5, gives the yield that would be generated from the introduction of a third rate of Income Tax at various income levels, including those requested by the Deputy.
While the exact rates mentioned by the Deputy are not given directly, the yield from these may be estimated on a straight-line or pro-rata basis from the figures given in the Ready Reckoner.
