Ruth Coppinger (Dublin West, Solidarity)
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169. To ask the Minister for Finance the estimated full year cost of abolishing the USC for all income earners earning under €100,000 in 2018 while maintaining it as it is for all income over €100,000 (details supplied). [39461/17]

Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that the estimated full year cost of abolishing the Universal Social Charge (USC) in 2018 on all income less than €100,000 is €2,924 million.  This costing includes the abolition of USC on all income up to €100,000, i.e., those earning in excess of €100,000 only pay USC on the portion of their earnings in excess of €100,000. This costing includes the retention of the 3% USC surcharge for those income earners deemed to be self-employed.

This estimate has been generated by reference to 2018 incomes as calculated on the basis of actual data for the year 2015, the latest year for which returns are available, adjusted as necessary for income, self-employment and employment trends in the interim. The estimate is provisional and may be revised.