Freedom of Info - VB last night

[magpie seanie]

Last night on Vincent Browne they showed a Dáil Freedom of Information request relating to tax paid by income band. Can anyone tell me where I'd find a copy?

[Orior]

It should really be published here, but it isnt.

http://www.finance.gov.ie/viewdoc.asp?fn=/documents/foi/foi.htm

Shoddy work lads.

[mick999]

Here:

http://www.kildarestreet.com/wrans/?id=2013-05-02a.193

Got it from here:

https://twitter.com/search?q=%23VinB&src=hash

[magpie seanie]

Thanks Mick, fair play to ya.

[Hound]

Very interesting:

Average effective tax rates, per income band, for 2011 are (I've also added in on the left the average tax contribution made by individuals in each band):

0 - 5,000      0%   0
5,001 - 10,000      0%    €3
10,001 - 15,000      0%    €32
15,001 - 20,000      1%    €184
20,001 - 30,000      4%    €955
30,000 - 40,000      7%    €2,574
40,001 -,50,000      11%    €5,047
50,001 - 60,000      14%    €7,694
60,001 - 70,000      16%    €10,192
70,001 - 80000      17%    €12,983
80,001 - 90,000      19%    €16,148
90,001 - 100,000      20%    €19,314
100,001 - 125,000      22%    €24,586
125,001 - 150,000      24%    €32,869
150001 - 175,000      26%    €41,295
175,001- 200,000      26%    €48,402
200,001 - 250,000      26%    €58,732
250,001 - 300,000      27%    €74,694
300,001 - 350,000      28%    €89,451
350,001 - 400,000      28%    €105,349
400,001 - 450,000      28%    €120,005
450,001 - 500,000      29%    €138,554
500,001 - 750,000      29%    €174,009
750,001 - 1,000,000   29%    €249,827
1,000,001 - 2,000,000      27%    €355,551
Over 2,000,000      28%    €1,164,790
Overall Total      14%    €5,143


I'd imagine pension contributions would be a big factor in getting a lot of the effective tax rates down, although in most cases it would be more of a tax deferral than a tax saving as you'll be taxed when you start drawing down the pension.

[mick999]

I think that these figures do not include prsi and usc , so effective tax take would be higher ..

If you do an analysis of the percentage overall tax take of the often referred to rich >100k , it shows that 4.8% of tax payers earn >100k but they contribute 43% of the overall tax revenue ..

Some interesting discussion on this site about this , although this refers to previous year's figures :

http://www.irisheconomy.ie/?p=5739

[muppet]

I'd imagine pension contributions would be a big factor in getting a lot of the effective tax rates down, although in most cases it would be more of a tax deferral than a tax saving as you'll be taxed when you start drawing down the pension.

This is correct. But wait for the €60,000 cap. Anyone who was funding close to or above that will be hit with a huge tax liability when they retire. If their fund is in deficit it may not allow them to commute to pay the tax bill, leaving them with a very serious problem.