Dáil Éireann Debate, Wednesday - 14 September 2022
165. Deputy Darren O'Rourke asked the Minister for Finance the estimated full-year yield that would be generated by establishing three new income tax bands of 49% on earnings between €125,000 and €185,000, 57% on earnings between €185,001 and €242,500 and 66% on earnings over €242,501. [44605/22]
View answerI am advised by Revenue that the estimated first and full year yields to the Exchequer of the additional Income Tax bands outlined by the Deputy are €2.0bn and €2.6bn, respectively.
This costing is indicative and has been prepared on the assumption that the new bands outlined would apply to all taxpayers equally regardless of their married or civil partnership status.
