Pearse Doherty
Ceist:117. Deputy Pearse Doherty asked the Minister for Finance the number of persons who are exempt from USC from €0 to €13,000; and the number of persons in ranges (details supplied) subject to USC. [35638/17]
Amharc ar fhreagraWednesday, 26 July 2017
Ceisteanna (117, 118)
Pearse Doherty
Ceist:118. Deputy Pearse Doherty asked the Minister for Finance the estimated revenue from introducing an additional USC rate of 2%, 3%, 4%, 5%, 6% and 7% respectively on individual income above €150,000 (details supplied). [35639/17]
Amharc ar fhreagraFreagraí scríofa
I propose to take Questions Nos. 117 and 118 together.
I am advised by the Revenue Commissioners that the number of persons exempt from the USC in 2015 (the latest year for which final data are available) is shown in the table at http://www.revenue.ie/en/corporate/information-about-revenue/statistics/income-distributions/income-earners-usc-rates.aspx.
As regards the numbers of taxpayers subject to USC by ranges of income in 2015, the latest year for which data are available, I am advised by the Revenue Commissioners that the available information is published at http://www.cso.ie/px/pxeirestat/Statire/SelectVarVal/Define.asp?maintable=rva03&ProductID=DB_rv01&PLanguage=0. While this does not provide the full set of ranges of income specified by the Deputy, it represents the information that is available from Revenue at this time.
In relation to the estimated revenue from introducing additional rates of USC on individual income above €150,000, I am advised by the Revenue Commissioners that the first and full year yields as a result of the measures set out by the Deputy are provided in the table below.
|
Additional USC rate on income > €150,000 |
First Year Yield € Million |
Full Year Yield € Million |
|
2% |
131 |
183 |
|
3% |
197 |
274 |
|
4% |
262 |
365 |
|
5% |
328 |
457 |
|
6% |
394 |
548 |
|
7% |
459 |
640 |
These estimates have been generated by reference to 2018 incomes as calculated on the basis of actual data for 2015, the latest year for which returns are available, adjusted as necessary for income, self-employment and employment trends in the interim. The estimates are provisional and may be revised.