Dáil debates
Tuesday, 1 February 2005
Tax Code.
2:30 pm
Joan Burton (Dublin West, Labour)
Does the Minister agree that it is not appropriate for an individual with an income of perhaps €200,000 per year not to pay at least the standard 20% income tax rate after the ordinary personal tax credits and so on have been applied? It is very difficult for someone on the average industrial wage, on a gross income of about €30,0000, having the top tax rate of 42% applied for some of that income and certainly for any additional overtime earnings in excess of that gross income, to find that someone with a very substantial income of €200,000 paid no tax. Will the Minister undertake to eliminate that loophole for earners at the top level?
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