Tax Yield

Tuesday, 27 June 2023

Questions (216)

Richard Boyd Barrett

Question:

216. Deputy Richard Boyd Barrett asked the Minister for Finance the full-year revenue that would be generated by establishing four new income tax bands of 50% on earnings between €100,000 and €150,000; 55% on earnings between €150,000 and €200,000; 60% on earnings between €200,000 and €275,000; 65% on earnings between over €275,000; and if he will make a statement on the matter. [30999/23]

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Written answers

Minister for Finance

I am advised by Revenue that the estimated first and full year yield to the Exchequer of introducing the additional income tax rates and bands as outlined by the Deputy would be of the order of €2,350 million and €3,015 million respectively. The estimated yields are calculated on a taxpayer unit basis.