Oireachtas Joint and Select Committees
Thursday, 23 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Joan Burton (Dublin West, Labour) | Oireachtas source
No, because we had a very detailed analysis of where the tax system strongly favoured very wealthy people who ended up paying nought to 5% of income tax, whereas a young man or woman just commencing work on a modest salary could actually enter into the tax net at an initial rate of 20%, where as those who entered into the higher rate had, in the proceeding years, actually gained a reduction of seven percentage points.
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