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