Written answers
Tuesday, 3 November 2009
Department of Finance
Tax Yield
8:00 pm
Joan Burton (Dublin West, Labour)
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Question 387: To ask the Minister for Finance further to Parliamentary Question No. 298 of 6 October 2009, the amount of tax revenue which would be raised on a 2010 and full year basis by introducing a minimum effective tax rate for persons availing of all tax reliefs at earnings thresholds of €500,000, €250,000, €200,000, €150,000, €125,000, €100,000, €90,000 to €80,000 and €75,000; and his estimate of the amount of tax revenue which would be raised on a 2010 and full year basis at each of these thresholds if the minimum effective tax rate was set at 20%, 21%, 22%, 23%, 24%, 25%, 26%, 27%, 28%, 29%, 30%, 31%, 32%, 33%, 34% and 35%. [38989/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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It is assumed that the Deputy is referring to the restriction of reliefs measure relating to higher income earners announced in Budget 2006, which took effect on 1 January 2007. It is estimated by the Revenue Commissioners that reducing the existing threshold of €250,000 by the stated amounts, assuming double the stated amounts as the appropriate marginal relief limit and applying the stated tax rates to both the existing and altered thresholds, would result in the following full year yields to the Exchequer.
These estimates are based on personal income tax data for 2007, the latest year for which the relevant information is available.
The calculations requested by the Deputy on the basis of restricting all tax reliefs could only be provided by a significant development of the costing model, which would be prohibitive in terms of the resources required.
| Existing and new tax rates - % | Existing and new thresholds & marginal relief limits - € | Full year yield - €m |
| 20 | 250,000 - 500,000 | No change |
| 200,000 - 400,000 | 2.8 | |
| 150,000 - 300,000 | 6.3 | |
| 125,000 - 250,000 | 8.7 | |
| 100,000 - 200,000 | 11.2 | |
| 90,000 - 180,000 | 12.3 | |
| 80,000 - 160,000 | 13.3 | |
| 75,000 - 150,000 | 13.8 | |
| 21 | 250,000 - 500,000 | 2.7 |
| 200,000 - 400,000 | 5.8 | |
| 150,000 - 300,000 | 9.7 | |
| 125,000 - 250,000 | 12.4 | |
| 100,000 - 200,000 | 15.3 | |
| 90,000 - 180,000 | 16.7 | |
| 80,000 - 160,000 | 17.9 | |
| 75,000 - 150,000 | 18.5 | |
| 22 | 250,000 - 500,000 | 5.6 |
| 200,000 - 400,000 | 9.0 | |
| 150,000 - 300,000 | 13.3 | |
| 125,000 - 250,000 | 16.4 | |
| 100,000 - 200,000 | 19.8 | |
| 90,000 - 180,000 | 21.4 | |
| 80,000 - 160,000 | 22.8 | |
| 75,000 - 150,000 | 23.6 | |
| 23 | 250,000 - 500,000 | 8.7 |
| 200,000 - 400,000 | 12.4 | |
| 150,000 - 300,000 | 17.2 | |
| 125,000 - 250,000 | 20.7 | |
| 100,000 - 200,000 | 24.6 | |
| 90,000 - 180,000 | 26.4 | |
| 80,000 - 160,000 | 28.1 | |
| 75,000 - 150,000 | 29.0 | |
| 24 | 250,000 - 500,000 | 12.0 |
| 200,000 - 400,000 | 16.2 | |
| 150,000 - 300,000 | 21.5 | |
| 125,000 - 250,000 | 25.3 | |
| 100,000 - 200,000 | 29.8 | |
| 90,000 - 180,000 | 31.9 | |
| 80,000 - 160,000 | 33.9 | |
| 75,000 - 150,000 | 34.9 | |
| 25 | 250,000 - 500,000 | 15.5 |
| 200,000 - 400,000 | 20.0 | |
| 150,000 - 300,000 | 25.9 | |
| 125,000 - 250,000 | 30.3 | |
| 100,000 - 200,000 | 35.3 | |
| 90,000 - 180,000 | 37.7 | |
| 80,000 - 160,000 | 39.9 | |
| 75,000 - 150,000 | 41.1 | |
| 26 | 250,000 - 500,000 | 19.2 |
| 200,000 - 400,000 | 24.2 | |
| 150,000 - 300,000 | 30.7 | |
| 125,000 - 250,000 | 35.5 | |
| 100,000 - 200,000 | 41.1 | |
| 90,000 - 180,000 | 43.9 | |
| 80,000 - 160,000 | 46.5 | |
| 75,000 - 150,000 | 47.8 | |
| 27 | 250,000 - 500,000 | 23.1 |
| 200,000 - 400,000 | 28.6 | |
| 150,000 - 300,000 | 35.8 | |
| 125,000 - 250,000 | 41.1 | |
| 100,000 - 200,000 | 47.4 | |
| 90,000 - 180,000 | 50.4 | |
| 80,000 - 160,000 | 53.4 | |
| 75,000 - 150,000 | 54.9 | |
| 28 | 250,000 - 500,000 | 27.1 |
| 200,000 - 400,000 | 33.2 | |
| 150,000 - 300,000 | 41.2 | |
| 125,000 - 250,000 | 47.0 | |
| 100,000 - 200,000 | 54.2 | |
| 90,000 - 180,000 | 57.4 | |
| 80,000 - 160,000 | 60.8 | |
| 75,000 - 150,000 | 62.5 | |
| 29 | 250,000 - 500,000 | 31.5 |
| 200,000 - 400,000 | 38.1 | |
| 150,000 - 300,000 | 46.9 | |
| 125,000 - 250,000 | 53.4 | |
| 100,000 - 200,000 | 61.3 | |
| 90,000 - 180,000 | 64.9 | |
| 80,000 - 160,000 | 68.7 | |
| 75,000 - 150,000 | 70.7 | |
| 30 | 250,000 - 500,000 | 36.1 |
| 200,000 - 400,000 | 43.4 | |
| 150,000 - 300,000 | 53.1 | |
| 125,000 - 250,000 | 60.3 | |
| 100,000 - 200,000 | 69.0 | |
| 90,000 - 180,000 | 73.0 | |
| 80,000 - 160,000 | 77.3 | |
| 75,000 - 150,000 | 79.6 | |
| 31 | 250,000 - 500,000 | 41.1 |
| 200,000 - 400,000 | 49.1 | |
| 150,000 - 300,000 | 56.8 | |
| 125,000 - 250,000 | 64.9 | |
| 100,000 - 200,000 | 74.9 | |
| 90,000 - 180,000 | 79.6 | |
| 80,000 - 160,000 | 84.6 | |
| 75,000 - 150,000 | 87.5 | |
| 32 | 250,000 - 500,000 | 46.5 |
| 200,000 - 400,000 | 55.3 | |
| 150,000 - 300,000 | 64.1 | |
| 125,000 - 250,000 | 73.0 | |
| 100,000 - 200,000 | 84.0 | |
| 90,000 - 180,000 | 89.1 | |
| 80,000 - 160,000 | 94.7 | |
| 75,000 - 150,000 | 97.9 | |
| 33 | 250,000 - 500,000 | 52.4 |
| 200,000 - 400,000 | 62.0 | |
| 150,000 - 300,000 | 72.0 | |
| 125,000 - 250,000 | 81.9 | |
| 100,000 - 200,000 | 93.9 | |
| 90,000 - 180,000 | 99.6 | |
| 80,000 - 160,000 | 105.7 | |
| 75,000 - 150,000 | 109.3 | |
| 34 | 250,000 - 500,000 | 58.9 |
| 200,000 - 400,000 | 69.5 | |
| 150,000 - 300,000 | 80.8 | |
| 125,000 - 250,000 | 92.6 | |
| 100,000 - 200,000 | 105.0 | |
| 90,000 - 180,000 | 111.2 | |
| 80,000 - 160,000 | 118.0 | |
| 75,000 - 150,000 | 122.0 | |
| 35 | 250,000 - 500,000 | 66.0 |
| 200,000 - 400,000 | 77.7 | |
| 150,000 - 300,000 | 90.5 | |
| 125,000 - 250,000 | 102.4 | |
| 100,000 - 200,000 | 117.0 | |
| 90,000 - 180,000 | 123.9 | |
| 80,000 - 160,000 | 131.5 | |
| 75,000 - 150,000 | 136.1 |
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