Oireachtas Joint and Select Committees

Tuesday, 7 November 2017

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2017: Committee Stage

6:00 pm

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I have information on the progressivity of our tax code which is worth sharing. There are 2.6 million taxpayer units. The total yield from income tax and USC, universal social charge, is approximately €22 billion. The top 0.1% of income earners in receipt of 4.9% of gross income pay 11.4% of total income tax and USC. The top 25% of income earners in receipt of 60% gross income pay 83% of total income tax and USC.

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