Seanad debates
Wednesday, 9 December 2015
Finance Bill 2015: Committee Stage
10:30 am
Sean Barrett (Independent) | Oireachtas source
I welcome the Minister of State to the House. The system whereby USC becomes payable on every cent earned once the person goes over the limit is quite unusual in the Irish tax code. Usually an exemption is an exemption, as it is in the case of exemption from PAYE. When people go over the exemption limit, has consideration been given to just applying the tax to the amount by which they exceed the limit rather than to the very first cent of money that they earn?
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