Catherine Murphy
Question:362. Deputy Catherine Murphy asked 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]
View answerTuesday, 18 April 2023
Questions (362)
Written answers
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.