The figures released yesterday about the breakdown of income tax receipts in Ireland tell roughly half the story about the Irish tax system – but it’s the half that the Government and large swathes of the media are most eager to tell.
Ireland’s tax system, the figures suggest, is highly progressive. A full 25% of all the income tax and USC revenue the state collects is collected from just 1% of the population – the richest 1%, with an annual salary of €290,000 or more. Further, two thirds of all income tax and USC is collected from just the top 10% of the earners, or those earning €102,000 per year or more. Everybody else accounts for the final one third of the income tax take.
This article is premium content
Get unlimited access to Gript
Support Gript and get exclusive content, full archives and an ad-free experience
Subscribe
Already a member? Sign in here