Oireachtas Joint and Select Committees
Tuesday, 15 July 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Pre-Budget Submissions: Discussion
3:50 pm
Stephen Donnelly (Wicklow, Independent) | Oireachtas source
Dr. O'Connor's figure of one sixth paying at the marginal rate surprises me. The CSO is stating the average industrial wage is €42,000. I thought it was €36,000 or €37,000. The 52% tax rate kicks in at €32,000 or €42,000. How is it that only one in six workers pays it if it is payable at the average industrial wage?
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