Dáil Éireann Debate, Tuesday - 27 July 2021
444. Deputy Pearse Doherty asked the Minister for Finance the estimated revenue that would be generated on a first-year and full-year basis for 2022 by introducing a 3%, 4% and 5% income tax surcharge on the portion of individual incomes in excess of €140,000. [41353/21]
View answerI am advised by Revenue that the following table sets out the estimated yields to the Exchequer that would arise from the introduction of an individualised surcharge applicable on income in excess of €140,000, as set out by the Deputy.
|
Surcharge |
First Year €m |
Full Year €m |
|
3% |
176 |
230 |
|
4% |
235 |
307 |
|
5% |
294 |
383 |
These estimated figures are based on projected 2021 incomes, calculated from actual data for the year 2018, that latest year for which full data are available, and may be revised.
