Oireachtas Joint and Select Committees
Thursday, 6 July 2017
Public Accounts Committee
2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2015
Chapter 2 - Government Debt
Chapter 18 - Irish Fiscal Advisory Council
Finance Accounts 2015
9:00 am
David Cullinane (Waterford, Sinn Fein) | Oireachtas source
It is less than that; I have the figure. I just wanted to get confirmation on it. The marginal tax rate is the income tax rate, the USC rate at the top, which is 8%, and then the PRSI rate. For those who earn between €32,800 and €70,000 the maximum they would pay is 49% to 40% on a portion of their salary on PAYE, 5% USC and 4.1% PRSI. Is that correct? They would be under the 50%. Only those who earn more than €70,000 would pay more than 50%.
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