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Department of Finance - Department of Public Expenditure and Reform

The Budget

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