Thomas P. Broughan
Question:131. Deputy Thomas P. Broughan asked the Minister for Finance the number of workers who would be removed if the universal social charge entry point was increased from €12,012 to €14,875. [13921/15]
View answerWednesday, 15 April 2015
Questions (131)
Written answers
I am advised by the Revenue Commissioners that the number of income earners that would be additionally exempted from the Universal Social Charge (USC) by increasing the USC threshold from €12,012 to €14,875 is estimated to be in the order of 114,600.
These figures are estimates from the Revenue tax forecasting model using latest actual data for the year 2012, adjusted as necessary for income, self-employment and employment trends in the interim. They are estimated by reference to 2015 incomes and are provisional and may be revised.