Written answers

Thursday, 29 November 2007

5:00 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour)
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Question 41: To ask the Tánaiste and Minister for Finance the number of tax payers in 2006 or the most recent year for which complete figures are available, who returned incomes of €38,000 or less; and if he will make a statement on the matter. [31702/07]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
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I am advised by the Revenue Commissioners that the estimated number of income earners on the income tax records in 2006 earning gross income of €38,000 or less is projected at 1,452,000. Gross income is income before adjustments are made in respect of capital allowances, interest paid, losses, allowable expenses, retirement annuities etc. but after deduction of superannuation contributions by employees.

The figure is an estimate from the Revenue tax-forecasting model using actual data for the year 2004 adjusted as necessary for income and employment growth for the year in question. It is, therefore, provisional and likely to be revised. It should be noted that a married couple who has elected, or has been deemed to have elected, for joint assessment is counted as one tax unit.

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