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EXAMPLE
13
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Married
couple, one income, four children
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Taxed
under Schedule D
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GROSS
|
PRSI/Levy
Liability
|
Tax
Liability
|
Child
Benefit
|
Total
|
Gain
as % of
|
|
INCOME
|
Existing
|
Proposed
|
Existing
|
Proposed
|
Increase
(a)
|
Gain
|
Net
Income (b)
|
|
€
|
€
|
€
|
€
|
€
|
€
|
€
|
%
|
|
12,000
|
360
|
360
|
0
|
0
|
324
|
324
|
1.8
|
|
13,000
|
390
|
390
|
0
|
0
|
324
|
324
|
1.7
|
|
14,000
|
420
|
420
|
0
|
0
|
324
|
324
|
1.7
|
|
15,000
|
450
|
450
|
0
|
0
|
324
|
324
|
1.6
|
|
16,000
|
480
|
480
|
0
|
0
|
324
|
324
|
1.5
|
|
17,000
|
510
|
510
|
0
|
0
|
324
|
324
|
1.4
|
|
18,000
|
540
|
540
|
0
|
0
|
324
|
324
|
1.4
|
|
19,000
|
950
|
950
|
0
|
0
|
324
|
324
|
1.4
|
|
20,000
|
1,000
|
1,000
|
190
|
190
|
324
|
324
|
1.3
|
|
25,000
|
1,250
|
1,250
|
1,190
|
1,190
|
324
|
324
|
1.1
|
|
30,000
|
1,500
|
1,500
|
2,190
|
2,190
|
324
|
324
|
1.0
|
|
35,000
|
1,750
|
1,750
|
3,190
|
3,190
|
324
|
324
|
0.9
|
|
40,000
|
2,000
|
2,000
|
4,850
|
4,850
|
324
|
324
|
0.8
|
|
45,000
|
2,250
|
2,250
|
6,950
|
6,950
|
324
|
324
|
0.8
|
|
50,000
|
2,500
|
2,500
|
9,050
|
9,050
|
324
|
324
|
0.7
|
|
55,000
|
2,750
|
2,750
|
11,150
|
11,150
|
324
|
324
|
0.7
|
|
60,000
|
3,000
|
3,000
|
13,250
|
13,250
|
324
|
324
|
0.7
|
|
70,000
|
3,500
|
3,500
|
17,450
|
17,450
|
324
|
324
|
0.6
|
|
80,000
|
4,000
|
4,000
|
21,650
|
21,650
|
324
|
324
|
0.5
|
|
90,000
|
4,500
|
4,500
|
25,850
|
25,850
|
324
|
324
|
0.5
|
|
100,000
|
5,000
|
5,000
|
30,050
|
30,050
|
324
|
324
|
0.5
|
|
110,000
|
5,500
|
5,500
|
34,250
|
34,250
|
324
|
324
|
0.4
|
|
120,000
|
6,000
|
6,000
|
38,450
|
38,450
|
324
|
324
|
0.4
|
|
130,000
|
6,500
|
6,500
|
42,650
|
42,650
|
324
|
324
|
0.4
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|
(a) Value during 2003 of the increase in
Child Benefit (CB) made in the Budget, which is effective
from April, 2003
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(i.e. assuming
9 months of CB increase).
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|
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(b) Net income includes CB less deductions
of tax, levy and PRSI (where appropriate) and so may be higher
than the gross income.
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