Dáil Éireann - Volume 528 - 14 December, 2000 - Written Answers.


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Dáil Éireann - Volume 528 - 14 December, 2000

Written Answers. - Tax Yield.

Mr. N. Ahern Mr. N. Ahern

906

113. Mr. N. Ahern asked the Minister for Finance when personal income tax rates were highest over the past 20 years; the reductions which have [906] occurred during that period; the rates which applied during that period; and if he will make a statement on the matter. [30298/00]

Mr. McCreevy Mr. McCreevy

Minister for Finance (Mr. McCreevy): The information requested by the Deputy is as follows:

Tax

Year

Income Tax Rates

1979/80	25%	35%	45%	55%	60%
1980/81	25%	35%	45%	55%	60%
1981/82	25%	35%	45%	55%	60%
1982/83	25%	35%	45%	55%	60%
1983/84	25%	35%	45%	55%	60%	65%
1984/85	35%	45%	55%	60%	65%
1985/86	35%	48%	60%
1986/87	35%	48%	58%
1987/88	35%	48%	58%
1988/89	35%	48%	58%
1989/90	32%	48%	56%
1990/91	30%	48%	53%
1991/92	29%	48%	52%
1992/93	27%	48%
1993/94	27%	48%
1994/95	27%	48%
1995/96	27%	48%
1996/97	27%	48%
1997/98	26%	48%
1998/99	24%	46%
1999/00	24%	46%
2000/01	22%	44%
2001	20%	42%

The data shows the very significant reduction in personal taxation which has taken place over the period which has greatly reduced the burden of taxation on all income earners and increased the incentive to work. This is especially so over the last four budgets where both the top and standard rates of tax have fallen by four percentage points respectively.

I hope this clarifies the matter for the Deputy.

Dáil Éireann 528 Written Answers. Tax Yield.

Questions

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