The credit will be withdrawn at the rate of 5% for each €1,000 of income in excess of the threshold amount. This means that the credits will no longer apply for a single person at income in excess of €120,000 (single). A single income couple on income of €120,000 will retain €1,650 in tax credits or €2,650 if they have dependents.
favourably references the middle class, e.g. white colar groups or the service sector