Seanad debates
Wednesday, 29 November 2006
Tax Code: Motion
5:00 pm
Martin Mansergh (Fianna Fail)
We have produced in general a relatively low tax economy. The point on income tax, in case Senator John Paul Phelan missed it, is what the effective tax rate is. If one is self-employed or a farmer the Revenue Commissioners tell one what the effective tax rate is. That is quite different from what one might pay on a marginal part of one's income.
There are two bottom lines.
No comments