Dáil Éireann Debate, Tuesday - 5 October 2021
218. Deputy Sorca Clarke asked the Minister for Finance the estimated revenue that would be generated from an increase to 50% in the minimum effective tax rate of those earning more than €325,000 per year. [48372/21]
View answerI am advised by Revenue that taxpayer units with taxable incomes exceeding €325,000 incurred an average effective income tax rate in the region of 36% in 2018, the latest year for which data are currently available.
If this effective rate was 50%, it is estimated very roughly that the additional yield would be approximately €800m in a full year.
