Written answers

Tuesday, 3 July 2012

9:00 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
Link to this: Individually | In context

Question 187: To ask the Minister for Finance if he will provide the latest figures on the total earnings of the top 10,000 income earners; the average earnings of that group; and the total amount of tax on earnings paid by that group, in absolute terms and in percentage, effective tax rate, terms. [31742/12]

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

I am advised by the Revenue Commissioners that the information requested in respect of the top 10,000 income earners, estimated by reference to the income tax year 2012, is as follows:

Top 10,000 income earners
Gross income€5,959 million
Average earnings€595,900
Amount of income tax€1,715 million
Effective tax rate29%

It should be noted that the figures for tax and effective tax rate only relates to income tax and do not take account of additional liability to PRSI and Universal Social Charge.

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 in the interim. These are, therefore, provisional and likely to be revised.

It should be noted that Gross Income is as defined in Revenue Statistical Report 2010.

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.