Written answers
Tuesday, 9 May 2023
Department of Finance
Tax Yield
Darren O'Rourke (Meath East, Sinn Fein)
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214. To ask the Minister for Finance the estimated full-year yield that would be generated by establishing two new income tax bands of 47% on earnings between €135,000 and €200,000, and 55% on earnings over €200,001. [21282/23]
Michael McGrath (Cork South Central, Fianna Fail)
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I am advised by Revenue that the estimated first and full year yield to the Exchequer from the introduction of two new income tax bands of 47% on earnings between €135,000 and €200,000 and 55% on earnings greater than €200,000 is €1.16 billion and €1.51 billion respectively.
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