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EXAMPLE
10
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Single person taxed under under PAYE
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Modified
Rate PRSI contributor
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GROSS
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PRSI/Levy Liability
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Tax Liability
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Total
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Gain as % of
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INCOME
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Existing
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Proposed
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Existing
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Proposed
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Gain
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Net Income
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€
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€
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€
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€
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€
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€
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%
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12,000
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0
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0
|
220
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80
|
140
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1.2
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13,000
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0
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0
|
420
|
280
|
140
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1.1
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14,000
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0
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0
|
620
|
480
|
140
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1.0
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15,000
|
123
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123
|
820
|
680
|
140
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1.0
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16,000
|
132
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132
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1,020
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880
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140
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0.9
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17,000
|
141
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141
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1,220
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1,080
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140
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0.9
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18,000
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150
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150
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1,420
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1,280
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140
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0.9
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19,000
|
539
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539
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1,620
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1,480
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140
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0.8
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20,000
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568
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568
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1,820
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1,680
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140
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0.8
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25,000
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713
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713
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2,820
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2,680
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140
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0.7
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30,000
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858
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858
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4,260
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4,120
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140
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0.6
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35,000
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1,003
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1,003
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6,360
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6,220
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140
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0.5
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40,000
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1,137
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1,148
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8,460
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8,320
|
129
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0.4
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45,000
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1,238
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1,253
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10,560
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10,420
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125
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0.4
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50,000
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1,339
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1,354
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12,660
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12,520
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125
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0.3
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55,000
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1,440
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1,455
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14,760
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14,620
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125
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0.3
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60,000
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1,541
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1,555
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16,860
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16,720
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125
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0.3
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70,000
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1,742
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1,757
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21,060
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20,920
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125
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0.3
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80,000
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1,943
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1,957
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25,260
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25,120
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125
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0.2
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90,000
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2,143
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2,158
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29,460
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29,320
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125
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0.2
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100,000
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2,344
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2,359
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33,660
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33,520
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125
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0.2
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110,000
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2,544
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2,559
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37,860
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37,720
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125
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0.2
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120,000
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2,745
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2,760
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42,060
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41,920
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125
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0.2
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130,000
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2,945
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2,960
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46,260
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46,120
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125
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0.2
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