Most important of all in these difficult times, it is estimated these measures will raise €830 million in 2011 and €1.1 billion in a full year. We will also reduce the age exemption limits from €20,000 for a single person and €40,000 for a married couple to €18,000 and €36,000, respectively. It is not unreasonable in these difficult times to reduce the entry point to tax for a married couple aged under 65 years with no children to €24,750 but maintain the entry point to tax at €40,000 for a couple over 65 years.

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