Written answers

Wednesday, 18 April 2012

10:00 pm

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael)
Link to this: Individually | In context

Question 243: To ask the Minister for Finance the amount of revenue collected from those paying tax at the lower rate and those paying tax at the higher rate. [19431/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context

I am informed by the Revenue Commissioners that on the basis of income tax returns for the income tax year 2009, the latest year for which the necessary detailed historical information is available, the breakdown of the total income tax liability between taxpayers at the lower and higher rates of tax for that year is 29% and 71% respectively. Further details are provided in Table IDS 17 of the Income Distribution chapter of the Revenue Statistical Report for 2010, which is available on the Revenue website.

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael)
Link to this: Individually | In context

Question 244: To ask the Minister for Finance the total amount of revenue raised from income tax on those earning €100,000 or greater; what this is as a percentage of the total tax take for the State; and if he will provide same from those earning €80,000 and €60,000 respectively. [19432/12]

Photo of Eoghan MurphyEoghan Murphy (Dublin South East, Fine Gael)
Link to this: Individually | In context

Question 245: To ask the Minister for Finance the total amount of revenue raised from income tax on those earning €40,000 or less in income tax and what this is as a percentage of the total tax take for the State. [19433/12]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context

I propose to take Questions Nos. 244 and 245 together.

I am advised by the Revenue Commissioners that the information requested, estimated by reference to the income tax year 2012, is set out in the following table.

Income Tax Post-Budget 2012 (Base year 2009)

Range of Gross IncomeIncome Tax% of Total Income Tax Yield
€40,000 or less€1,207,918,60010%
€60,000 or greater€8,716,082,30072%
€80,000 or greater€6,777,535,50056%
€100,000 or greater€5,328,329,80044%

Tax figures are rounded to the nearest hundred and percentages are rounded to the nearest whole number.

It should be noted that the income ranges shown in the above table relate to Gross Income as defined in Revenue Statistical Report 2010.

The figures are estimates from the Revenue tax-forecasting model using actual data for the year 2009 adjusted as necessary for income and employment trends for the year 2012. 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.

Comments

No comments

Log in or join to post a public comment.