Dáil Éireann Debate, Tuesday - 21 November 2023
177. Deputy Catherine Murphy asked the Minister for Finance the estimated full-year yield that would be generated by establishing three new income tax bands of 47% on earnings between €140,000 and €190,000, 52% on earnings between €190,001 and €250,000 and 58% on earnings over €250,001. [50937/23]
View answerI am advised by Revenue that the estimated first and full year yield to the Exchequer of establishing three new income tax bands of 47% on earnings between €140,000 and €190,000, 52% on earnings between €190,001 and €250,000 and 58% on earnings over €250,001 is €1,795 million and €2,285 million respectively.
The estimated yields are calculated on a taxpayer unit basis with a jointly assessed couple counted as one unit.
