Pearse Doherty (Donegal, Sinn Fein)
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341.To ask the Minister for Finance the estimated revenue that would be raised by introducing a 3% income tax surcharge, levied through the USC, on individual incomes with respect to the portion above €140,000, in first- and full-year terms; and the estimated revenue that would be raised in each of the years 2025, 2026, 2027, 2028 and 2029, respectively. [31972/24]

Pearse Doherty (Donegal, Sinn Fein)
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342.To ask the Minister for Finance the estimated revenue that would be raised by introducing a 2% income tax surcharge, levied through the USC, on individual incomes with respect to the portion above €140,000, in first- and full-year terms; and the estimated revenue that would be raised in each of the years 2025, 2026, 2027, 2028 and 2029, respectively. [31973/24]

Pearse Doherty (Donegal, Sinn Fein)
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343.To ask the Minister for Finance the revenue raised by introducing a 1% income tax surcharge, levied through the USC, on individual incomes with respect to the portion above €140,000, in first- and full-year terms; and the estimated revenue raised in each of the years 2025, 2026, 2027, 2028 and 2029, respectively. [31983/24]

Jack Chambers (Dublin West, Fianna Fail)
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I propose to take Questions Nos. 341 to 343, inclusive, together.

It is assumed that the measures proposed by the Deputy are in addition to the existing surcharge of 3% on non-PAYE income in excess of €100,000, meaning that the total surcharge on such income in excess of €140,000 would be 6%, 5% and 4% for the 3%, 2% and 1% surcharge proposals respectively.

The estimated first and full year yields to the Exchequer for the suggested surcharges across all incomes are shown in the below table.

I am further advised that Revenue cannot provide estimates for later years due to the unknown nature of the future tax base and future economic behaviour.

It is important to be aware that estimates of tax policy changes to USC are provided on the basis of the current Budget year (2024) rather than the next Budget year (2025). The Budget year costings for 2025 are prepared for the party costings service and are used to feed into costings requested by the Department of Finance in advance of the Budget. The Revenue Pre-Budget Ready Reckoner (published end August) will also be on the basis of Budget year 2025.