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?
It should really be published here, but it isnt.
http://www.finance.gov.ie/viewdoc.asp?fn=/documents/foi/foi.htm (http://www.finance.gov.ie/viewdoc.asp?fn=/documents/foi/foi.htm)
Shoddy work lads.
Here:
http://www.kildarestreet.com/wrans/?id=2013-05-02a.193
Got it from here:
https://twitter.com/search?q=%23VinB&src=hash
Thanks Mick, fair play to ya.
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.
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
Quote from: Hound on May 22, 2013, 01:42:53 PM
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.