EXAMPLE 14
Married couple, two incomes, two children
Taxed under Schedule D
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	506	506	0	0	144	144	1.0
13,000	507	507	0	0	144	144	1.0
14,000	526	526	0	0	144	144	0.9
15,000	546	546	0	0	144	144	0.8
16,000	565	565	160	160	144	144	0.8
17,000	585	585	360	360	144	144	0.8
18,000	604	604	560	560	144	144	0.7
19,000	624	624	760	760	144	144	0.7
20,000	643	643	960	960	144	144	0.7
25,000	750	750	1,960	1,960	144	144	0.6
30,000	1,290	1,290	2,960	2,960	144	144	0.5
35,000	1,505	1,505	3,960	3,960	144	144	0.4
40,000	1,720	1,720	4,960	4,960	144	144	0.4
45,000	1,935	1,935	5,960	5,960	144	144	0.4
50,000	2,150	2,150	6,960	6,960	144	144	0.3
55,000	2,750	2,750	7,960	7,960	144	144	0.3
60,000	3,000	3,000	9,840	9,840	144	144	0.3
70,000	3,500	3,500	14,040	14,040	144	144	0.3
80,000	4,000	4,000	18,240	18,240	144	144	0.2
90,000	4,500	4,500	22,440	22,440	144	144	0.2
100,000	5,000	5,000	26,640	26,640	144	144	0.2
110,000	5,500	5,500	30,840	30,840	144	144	0.2
120,000	6,000	6,000	35,040	35,040	144	144	0.2
130,000	6,500	6,500	39,240	39,240	144	144	0.2
This example assumes that the joint income is divided by 65% and 35% between both spouses.
(a) Value during 2003 of the increase in Child Benefit (CB) made in the Budget, which is effective from April, 2003
(i.e. assuming 9 months of CB increase).
(b) Net income includes CB less deductions of tax, levy and PRSI (where appropriate) and so may be higher than the gross income.