Written answers

Thursday, 15 December 2011

5:00 pm

Photo of Joanna TuffyJoanna Tuffy (Dublin Mid West, Labour)
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Question 88: To ask the Minister for Finance if he will provide details of the amount of income earned by the top 100 earners; the amount of tax that was paid on their income; and if he will make a statement on the matter. [40690/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that for the tax year 2009, the latest year for which the necessary detailed data is available, the top 100 incomes earners declared €585 million in income and paid €169 million in income tax. The Deputy will be aware that from the tax year 2010 onwards, the high earner's restriction for individuals on high incomes, who make significant use of certain specified tax reliefs, has been further tightened such that an effective tax rate of approximately 30% now applies.

These reliefs do not include health expenses and standard tax credits, which are available to all taxpayers.

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