Written answers
Tuesday, 27 September 2022
Department of Finance
Departmental Data
Pauline Tully (Cavan-Monaghan, Sinn Fein)
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135. To ask the Minister for Finance the estimated additional revenue that would be generated from a 3% surcharge on all taxable income above €400,000 and €750,000 respectively in tabular form; and if he will make a statement on the matter. [47244/22]
Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that the table below sets out the estimated yield to the Exchequer, on a first and full year basis, from the introduction of a 3rdrate of income tax of 43% applicable to taxable income in excess of €400,000 and €750,000 respectively.
First Year Yield €m | Full Year Yield €m | |
---|---|---|
On income above €400,000 | 95 | 130 |
On income above €750,000 | 50 | 70 |
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