Dáil Éireann Debate, Thursday - 8 September 2022
353. Deputy Ged Nash asked the Minister for Finance the estimated additional revenue that would be raised from a 1% surcharge on all taxable income above €250,000, €500,000 and €1 million, respectively, in tabular form; and if he will make a statement on the matter. [42581/22]
View answerThe table below sets out the estimated yields to the Exchequer, on a first and full year basis, as prepared by Revenue in respect of the proposals outlined by the Deputy. Please note that the figures are rounded to the nearest €5 million.
|
Scenario |
First Year Yield €m |
Full Year Yield €m |
|
Additional 1% USC surcharge on income above €250,000 |
45 |
60 |
|
Additional 1% USC surcharge on income above €500,000 |
25 |
30 |
|
Additional 1% USC surcharge on income above €1m |
10 |
15 |
