Written answers
Tuesday, 14 October 2008
Department of Finance
Income Levels
12:00 pm
Joan Burton (Dublin West, Labour)
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Question 28: To ask the Minister for Finance the number of taxpayers with gross income in the range €0 to €275,000, in the range €275,001 to €500,000, in the range €500,001 to €1,000,000, and above €1,000,000 in respect of the tax year 2008, as projected by the Revenue Commissioners using relevant models; and the total income of each group. [34450/08]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am advised by the Revenue Commissioners that the information requested, estimated by reference to the income tax year 2008, is as follows:
All Income Earners 2008 | ||
Range of Gross Income | Gross Income within the Range | Numbers |
€ | € million | |
0 – 275,000 | 91,710 | 2,349,700 |
275,001 – 500,000 | 3,825 | 10,700 |
500,001 – 1,000,000 | 2,645 | 3,950 |
Over 1,000,000 | 3,460 | 1,450 |
Totals | 101,640 | 2,365,800 |
The figures are estimates from the Revenue tax-forecasting model using actual data for the year 2005 adjusted as necessary for income and employment growth for the years in question. They are 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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