Sunday February 23, 2020

Top 10,000 earners pay 29% income tax

Ireland's top 10,000 earners pay an effective rate of 29 per cent income tax, Finance Minister Michael Noonan has said.

4th July, 2012
Michael Noonan

Ireland's top 10,000 earners pay an effective rate of 29 per cent income tax, Finance Minister Michael Noonan has said.

In a written response to a parliamentary question he said the group earned €5.9 billion between them, giving average pre-tax earnings of €595,000.

The income tax collected was €1.7 billion. This does not take account of PRSI or the universal charge.

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