Pearse Doherty (Donegal South West, Sinn Fein)
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298. To ask the Minister for Finance further to Parliamentary Question No.74 of 3 July 2013, if he will set out the increase in the effective tax rates that would be incurred if the measures set out in the parliamentary question were applied (details supplied). [35450/13]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that the increases in the effective income tax rates, estimated by reference to 2013 incomes, that would be brought about by reducing the main personal income tax credits, but not the employee tax credit, in the manner mentioned by the Deputy in Parliamentary Question No 74 (Ref Number 32383/13) of 3 July 2013 are set out in respect of each specified income range as follows.

If the impact of a new third tax rate of 48% on taxable income over €100,000 is included with the reductions in tax credits already mentioned the corresponding combined increases in the effective income tax rates are estimated as follows.

The figures for increases in effective income tax rates are obtained by calculating the tax increases arising from the changes as a percentage of the total gross income of income earners in each of the specified income ranges.

It should be noted that the income ranges shown in the above table relate to Gross Income as defined in Revenue Statistical Report 2011.

These figures are estimates from the Revenue tax-forecasting model using actual data for the year 2010 adjusted as necessary for income and employment trends in the interim. They are therefore provisional and likely to be revised.

It should also 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.