—this country now has a far more equitable tax system where the top one per cent of earners pay more than 20% of all income tax and the top 4% of all earners are expected to contribute about 40% of the total income tax yield for 2006, and where those on or below the average industrial wage will pay only 6% of all income tax, and where OECD data shows that once again Ireland has the lowest tax wedge (i.e. income tax plus employee and employer PRSI) as a proportion of gross wages in the EU;

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