Families that earn €100k are ‘struggling’

Families with an income of more than €100,000 are not wealthy, but are "struggling" to make ends meet, according to Finance Minister Michael Noonan, who has ruled out further tax hikes.

A Dáil argument over what constitutes a rich person in Ireland today was prompted after the People Before Profit TD Richard Boyd Barrett called for a “wealth tax” on earnings of over €100,000.

Mr Noonan claimed the socialist TD’s definition of wealth shows he did not understand “what it is like in normal households”.