@[email protected] to World [email protected]English • 1 year agoRishi Sunak considers tax cut for top earners after byelection defeatswww.theguardian.commessage-square35fedilinkarrow-up1156cross-posted to: [email protected]
arrow-up1150external-linkRishi Sunak considers tax cut for top earners after byelection defeatswww.theguardian.com@[email protected] to World [email protected]English • 1 year agomessage-square35fedilinkcross-posted to: [email protected]
minus-square@[email protected]linkfedilinkEnglish1•1 year agoIn Ireland it’s about 48% on everything above €40k, then 52% above €70k. That by itself could be misleading though, the overall effective tax rate for someone on €40k is 18%, around 30% at €70k. The thresholds will rise next year.
minus-square@[email protected]linkfedilinkEnglish1•1 year agoWhat is the break down of this? Is it the higher USC band? I’m not familiar with a 52% tax rate.
minus-square@[email protected]linkfedilinkEnglish1•1 year agoYeah after about €70k there is a higher rate of USC. The 52% includes PAYE, PRSI and USC at the highest bands for a regular employee.
In Ireland it’s about 48% on everything above €40k, then 52% above €70k.
That by itself could be misleading though, the overall effective tax rate for someone on €40k is 18%, around 30% at €70k. The thresholds will rise next year.
What is the break down of this? Is it the higher USC band? I’m not familiar with a 52% tax rate.
Yeah after about €70k there is a higher rate of USC. The 52% includes PAYE, PRSI and USC at the highest bands for a regular employee.