Budget 2009: 1% levy on incomes below ?100,000
Tuesday October 14 2008
Minister for Finance Brian Lenihan has announced, as part of Budget 2009, a levy of 1% on all income below ?100,000, and of 2% on income over that.
"We realise the solidarity of demands of all tax payers, but there is too much at stake - we all have too much to lose by not taking action now," the minister said.
"This levy will allow all income earners to contribute in a proportionate manner to the restoration of order and stability for the public finances.
"This will enable Ireland to return as soon as possible to a natural level of economic growth."
