Catherine Murphy (Kildare North, Social Democrats)
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362. To ask the Minister for Finance the estimated additional revenue that would be raised from a 5% surcharge on all taxable income above €400,000. [16929/23]

Michael McGrath (Cork South Central, Fianna Fail)
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I assume that the Deputy’s question relates specifically to Income Tax, as opposed to Universal Social Charge.

On that basis, I am advised by Revenue that the estimated first and full year yield to the Exchequer from the introduction of a third rate of income tax of 45 per cent applicable to taxable income in excess of €400,000 is €160 million and €220 million respectively.

Catherine Murphy (Kildare North, Social Democrats)
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363. To ask the Minister for Finance the estimated additional revenue that would be raised from increasing the rate of capital gains tax to 50% for persons earning over €375,000. [16930/23]

Michael McGrath (Cork South Central, Fianna Fail)
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I am advised by Revenue that the estimated additional full-year revenue generated from a 50% Capital Gains Tax (CGT) rate applying to the taxable gains of individuals with incomes of more than €375,000 would be in excess of €103 million. 

This full-year estimate is based on 2020 data, the latest year for which fully analysed data are available. This estimate assumes no change in behaviour by individuals resulting from the increase in the tax rate.