Dáil debates
Wednesday, 22 November 2006
Fiscal Policy.
1:00 pm
Brian Cowen (Laois-Offaly, Fianna Fail)
Let us deal with the facts. The Deputies can play around all they like. Revenue has confirmed that of the 32% of earners who pay tax at the 42% rate, the tax liability of 11% of them is more than offset by the tax credit. Their effective tax rate, therefore, is 20%.
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