Seanad debates

Wednesday, 24 March 2010

Finance Bill 2010 (Certified Money Bill): Second Stage.

 

3:00 am

Photo of Pearse DohertyPearse Doherty (Sinn Fein)

The Seanad should be used as a forum in which to tease out different policies. We argue for a third rate of tax of 48% for individuals with incomes in excess of €100,000. That would be fair. If one has an income in excess of €100,000, one could be liable to pay tax on the excess at a rate of 48%. I cannot see why that should not be applicable. The Department of Finance has shown it could generate approximately €455 million were it to be applied.

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