Posted by jj on November 23, 2011 at 08:42:18:
In Reply to: tax receipts posted by jj on November 21, 2011 at 14:02:44:
Thanks for the help by the moderator to post this - link didn't work previously.
It is a useful response from the Minister to the level of earnings in Ireland, and the potential gain from a third tax rate proposed by SF (and how little it would actually yield).
I have posted similar postings in the past and I think it is helpful to have these numbers to hand to counter the usual pub talk of tax the rich - they can afford it. By all means increase the top rate of tax, but we should all be aware of how little it yields.
Unfortunately, if you want to raise tax revenue in any country, you have to tax the core group, the lower and middle class.
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