Friday, 6 September 2019

Questions (169)

Róisín Shortall


169. Deputy Róisín Shortall asked the Minister for Finance the estimate of the first and full year yield from each percentage point increase in the minimum effective tax rate of persons earning more than €400,000 per annum. [36931/19]

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Written answers (Question to Finance)

I am advised by Revenue that a 1% increase in the average effective rate of income tax on taxpayer units with gross incomes in excess of €400,000 would raise an estimated €37m and €49m on a first and full year basis respectively.

This estimate is based on actual data for 2017, the latest year for which data are currently available. Taxpayers who are married or in a civil partnership are counted as one taxpayer unit and their incomes are combined.