Dáil Éireann Debate, Thursday - 1 June 2023
164. Deputy Pearse Doherty asked the Minister for Finance the revenue raised by introducing a 3% income tax surcharge, levied through USC, on individual incomes with respect to the portion above €140,000, in first- and full-year terms. [27010/23]
View answerI am advised by Revenue that the estimated first and full year yield to the Exchequer of the Deputy’s proposal would be €290 million and €375 million respectively. This would have the result of increasing the top marginal tax rate on PAYE income from 52 per cent to 55 per cent and for non-PAYE income from 55 per cent to 58 per cent.
