Tories may also reduce stamp duty in bid to win back voters and reduce pressure on PM, reports say
  • Nefrayu@lemmy.worldEnglish
    1·
    2 years ago

    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.

    • Squizzy@lemmy.worldEnglish
      21·
      2 years ago

      What is the break down of this? Is it the higher USC band? I’m not familiar with a 52% tax rate.

      • Nefrayu@lemmy.worldEnglish
        1·
        2 years ago

        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.