{"id":2815,"date":"2018-08-21T09:06:53","date_gmt":"2018-08-21T14:06:53","guid":{"rendered":"http:\/\/irishexaminerusa.com\/wp\/?p=2815"},"modified":"2018-08-21T09:06:53","modified_gmt":"2018-08-21T14:06:53","slug":"revenue-calls-for-higher-rates-of-tax-on-the-richest","status":"publish","type":"post","link":"https:\/\/irishexaminerusa.com\/wp\/?p=2815","title":{"rendered":"Revenue Calls For Higher Rates of Tax on the Richest"},"content":{"rendered":"

\"\"The Revenue Commissioners want a new tax rate for the country’s highest earners.<\/p>\n

They say anyone making more than \u20ac80,000 ($92,000) a year should have to pay 43% income tax.<\/p>\n

Currently the top tax band is 40%, which kicks in when a single person without children earns over \u20ac34,500 ($39,740).<\/p>\n

Revenue has based its figures on estimates for the tax take next January.<\/p>\n

But Sinn F\u00e9in’s Pearse Doherty says it has set the income threshold too low.<\/p>\n

“There’s no doubt about it, you can bring in a lot of money if you introduced a third rate of tax.<\/p>\n

“What is being reported in the papers today is introducing it at a rate of \u20ac80,000. That’s not a level I agree with.<\/p>\n

“We’ve always argued that the starting point for a third rate of tax would be the income above \u20ac100,000 ($115,200).<\/p>\n

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