Written answer
Tax Yield
A 43% income-tax rate on incomes above €140,000 is estimated to yield €460 million initially and €570 million annually thereafter.
422. Deputy Pearse Doherty asked the Tánaiste and Minister for Finance the estimated revenue that would be raise by implementing a new third rate of income tax of 43% on incomes above €140,000. [65494/26]
Comment on this
I am advised by Revenue that the estimated first and full year yields to the Exchequer of introducing a new third rate of income tax of 43% on incomes above €140,000 are €460 million and €570 million respectively.
These yields are estimates for 2027 based on Revenue’s micro-simulation tool, Tax Modeller, using actual data for the latest year available, currently 2024, adjusted for income and employment trends in the interim. The estimated yields are calculated on a taxpayer unit basis. A taxpayer unit refers to individuals except in the case of couples who are jointly assessed, in which case the couple are counted as one taxpayer unit.