Dáil debates
Thursday, 28 February 2013
Ceisteanna - Questions - Priority Questions
Income Statistics
3:10 pm
Michael Noonan (Limerick City, Fine Gael) | Oireachtas source
Even with the use of tax breaks there is a minimum tax rate of just under 30%. Everybody will pay that amount. Beyond that figure, the rates of taxation are very progressive. Under the new deal, senior civil servants have been hit hard by the wage reduction. With everything thrown in, their marginal rate of tax is 61% or 61.5%. Obviously people who earn higher incomes have more take home pay but the levels of taxation are quite progressive.
No comments