Written answers
Tuesday, 17 February 2015
Department of Finance
Tax Data
Pearse Doherty (Donegal South West, Sinn Fein)
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233. To ask the Minister for Finance if he will provide the effective tax rates paid by income earners in the €1,001 to €20,000, €20,001 to €32,800, €32,801 to €50,000, €50,001 to €70,000, €70,001 to €100,000, €100,001 to €125,000, €125,001 to €150,000, €150,001 to €175,000, €175,001 to €200,000, €200,001 to €250,000, €250,001 to €300,000, €300,001 to €400,000, €400,001 to €500,000, €500,001 to €1,000,000 and €1,000,001 to €2,000,000 ranges of income. [7088/15]
Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the information requested by the Deputy, estimated by reference to the tax year 2015, is set out in the following table.
All Income Earners for Income Tax Year 2015
| Range of Gross Income € | Estimated Effective Income Tax Rate % |
|---|---|
| 1,001 - 20,000 | 0.61% |
| 20,001 - 32,800 | 4.47% |
| 32,801 - 50,000 | 9.69% |
| 50,001 - 70,000 | 14.95% |
| 70,001 - 100,000 | 18.69% |
| 100,001 - 125,000 | 22.17% |
| 125,001 - 150,000 | 24.27% |
| 150,001 - 175,000 | 25.68% |
| 175,001 200,000 | 26.54% |
| 200,001 - 250,000 | 27.34% |
| 250,001 - 300,000 | 28.16% |
| 300,001 - 400,000 | 29.09% |
| 400,001 - 500,000 | 29.97% |
| 500,001 - 1,000,000 | 30.76% |
| 1,000,001 - 2,000,000 | 29.57% |
The average effective tax rates are calculated as the percentage of the Income Tax liability to gross income and do not include liability to USC or PRSI.
These figures are estimates for 2015 from the Revenue tax forecasting model using actual data for the year 2012 (the most recent year for which data are available) adjusted as necessary for income, self-employment and employment trends in the interim. They are provisional and may be revised.
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