Written answers

Tuesday, 27 September 2022

Department of Finance

Departmental Data

Photo of Pauline TullyPauline 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]

Photo of Paschal DonohoePaschal 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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