1/3 of tax from 2.5% of payers

[chippie]

Just wondering if anyone has any links to the reports about 6% of people paying 50% of the income tax and 2.5% of people paying 33% of the tax. More so the revenue report just wondering what level of detail etc is available.

Thanks,

[Papinian]

I assume that you read about this in the following story in the Sunday Business Post a fortnight ago:
Sunday Business Post | Irish Business News

The statistics are available on the the Revenue Commissioners website.
Go to Statistical Report 2007
Then download the pdf titled Income Distribution Statistics
Then go to page 26 which is titled "TABLE IDS16 - continued"
You will see for each income bracket the percentage of taxpayers in each income bracket and the percentage of income tax paid by taxpayers in that income bracket.

Please note that although the figures are in the Revenue Commissioners statistical report for 2007 they in fact relate to the 2005 tax year (i.e the 2005 calendar year, as the tax year and the calendar year are now identical).

[chippie]

Yeah thats the report and article alright. Thanks for the link, just want to see what type of salary etc gets you into that area.

[Victor Meldrew]

There is a lot of rubbish spoken about the effects of increasing taxes on higher earners.

"Senior sources who are familiar with confidential discussions on the subject said there were fears that tax increases could drive away some high earners, leading to a disproportionate effect on income tax receipts." -from the SBP link above...

The reality is, that once you still have a job, and are a high(ish) earner, you will stay put. you cannot sell your house without taking a massive hit.

If you have a disposable income at the moment , all an increase in direct taxes will do is depress consumer spending (very bad). It will not drive wage inflation in the current climate.

Other figures I've heard are "10% of all wage earners (the over €70K's ) pay 50% of all income tax" and, from the SBP, 38% of income earners pay no tax...

The "uber-wealthy" and the "un-mortgaged" are different of course.....

So taxes will go up. and the Tax base will be "broadened" Once they don't over-tax the over mortgaged with property tax (ie taxing your debt...lovely) the coping classes will continue to cope as we are not in unions and have no choice in the matter.