Caoimhghín Ó Caoláin (Cavan-Monaghan, Sinn Fein)
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167. To ask the Minister for Finance the revenue that would be generated by the introduction of a 1% income levy on all gross income. [17750/15]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that a 1% income levy on all gross income would generate an estimated revenue of €925 million.

These figures are estimates from the Revenue tax forecasting model using latest actual data for the year 2012, adjusted as necessary for income, self-employment and employment trends in the interim. They are estimated by reference to 2015 incomes and are provisional and may be revised.