|
EXAMPLE
11
|
|
Married
couple, one income, no children
|
|
Taxed
under Schedule D
|
|
GROSS
|
PRSI/Levy
Liability
|
Tax
Liability
|
Total
|
Gain
as % of
|
|
INCOME
|
Existing
|
Proposed
|
Existing
|
Proposed
|
Gain
|
Net
Income
|
|
€
|
€
|
€
|
€
|
€
|
€
|
%
|
|
12,000
|
360
|
360
|
0
|
0
|
0
|
0.0
|
|
13,000
|
390
|
390
|
0
|
0
|
0
|
0.0
|
|
14,000
|
420
|
420
|
0
|
0
|
0
|
0.0
|
|
15,000
|
450
|
450
|
0
|
0
|
0
|
0.0
|
|
16,000
|
480
|
480
|
160
|
160
|
0
|
0.0
|
|
17,000
|
510
|
510
|
360
|
360
|
0
|
0.0
|
|
18,000
|
540
|
540
|
560
|
560
|
0
|
0.0
|
|
19,000
|
950
|
950
|
760
|
760
|
0
|
0.0
|
|
20,000
|
1,000
|
1,000
|
960
|
960
|
0
|
0.0
|
|
25,000
|
1,250
|
1,250
|
1,960
|
1,960
|
0
|
0.0
|
|
30,000
|
1,500
|
1,500
|
2,960
|
2,960
|
0
|
0.0
|
|
35,000
|
1,750
|
1,750
|
3,960
|
3,960
|
0
|
0.0
|
|
40,000
|
2,000
|
2,000
|
5,620
|
5,620
|
0
|
0.0
|
|
45,000
|
2,250
|
2,250
|
7,720
|
7,720
|
0
|
0.0
|
|
50,000
|
2,500
|
2,500
|
9,820
|
9,820
|
0
|
0.0
|
|
55,000
|
2,750
|
2,750
|
11,920
|
11,920
|
0
|
0.0
|
|
60,000
|
3,000
|
3,000
|
14,020
|
14,020
|
0
|
0.0
|
|
70,000
|
3,500
|
3,500
|
18,220
|
18,220
|
0
|
0.0
|
|
80,000
|
4,000
|
4,000
|
22,420
|
22,420
|
0
|
0.0
|
|
90,000
|
4,500
|
4,500
|
26,620
|
26,620
|
0
|
0.0
|
|
100,000
|
5,000
|
5,000
|
30,820
|
30,820
|
0
|
0.0
|
|
110,000
|
5,500
|
5,500
|
35,020
|
35,020
|
0
|
0.0
|
|
120,000
|
6,000
|
6,000
|
39,220
|
39,220
|
0
|
0.0
|
|
130,000
|
6,500
|
6,500
|
43,420
|
43,420
|
0
|
0.0
|
|