Catherine Murphy
Ceist:263. Deputy Catherine Murphy asked the Minister for Finance the estimated full-year yield by introducing an additional 5% income tax surcharge on the portion of individuals' income above €175,000. [4206/23]
Amharc ar fhreagraTuesday, 31 January 2023
Ceisteanna (263)
Freagraí scríofa
I am advised by Revenue that the estimated yield from introducing an additional 5% Income Tax surcharge on that portion of the income of any taxpayer unit in excess of €175,000, is €490m on a full year basis.
“Taxpayer units” includes both singly assessed individuals and couples who are married or in a civil partnership and elect to be jointly assessed. These estimates encompass all taxpayer types, such as those in employment, self-employed, or in receipt of taxable income from other sources.
The figure is an estimate for 2023, based on actual income data for the year 2019, the latest year for which full data are available, adjusted to account for employment and income growth in the interim.