I am advised by the Revenue Commissioners that the relevant information that is readily available at this time, in respect of the top 1%, 5%, 10%, 20% and the top 10,000 income earners, is as estimated by reference to the income tax year 2012 and is set in the following table:
|
|
Top 1% of income earners
|
Top 5% of income earners
|
Top 10% of income earners
|
Top 20% of income earners
|
Top 10,000
income
earners
|
|
Number of income earners
|
21,650
|
108,250
|
216,500
|
433,000
|
10,000
|
|
Gross income
|
€8,742 m
|
€20,122 m
|
€29,600 m
|
€43,300 m
|
€5,959m
|
|
Average earnings
|
€403,760
|
€185,885
|
€136,710
|
€100,000
|
€595,900
|
|
Amount of income tax,
USC & PRSI
|
€3,349m
|
€7,145m
|
€9,849 m
|
€13,186 m
|
€2,321 m
|
|
As % of total Income tax, USC and PRSI
|
18%
|
39%
|
53%
|
71%
|
13%
|
|
Effective tax rate
|
38%
|
36%
|
33%
|
30%
|
39%
|
It should be noted that the figures for tax and effective tax rate include income tax, PRSI and Universal Social Charge (USC). In addition, it was not possible within the time allowed to provide the liability for the USC and the effect of the USC on the total tax take and the effective USC rate.
The figures are estimates from the Revenue tax-forecasting model using actual data for the year 2009 adjusted as necessary for income and employment trends in the interim. These are, therefore, provisional and likely to be revised. In addition, it should be noted that Gross Income is as defined in Revenue Statistical Report 2010.
The numbers of income earners shown in the table counts a married couple who have elected or has been deemed to have elected for joint assessment as one tax unit although USC and PRSI are individualised charges and as such the yield is calculated on the basis of individual incomes.
