Seanad debates
Wednesday, 9 December 2015
Finance Bill 2015: Committee Stage
10:30 am
Sean Barrett (Independent) | Oireachtas source
I thank the Minister of State. In the literature, that is called a poverty trap. If somebody gets an income over that limit and then all the earlier income is taken into the tax net, it gives a very high marginal tax rate which should be avoided. I agree with the Minister of State's emphasis in his response.
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