|
Example 5 |
||||||
| (Single person taxed under PAYE) | ||||||
|
Full rate PRSI contributor |
||||||
|
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 |
336 |
336 |
820 |
680 |
140 |
1.0 |
|
16,000 |
376 |
376 |
1,020 |
880 |
140 |
1.0 |
|
17,000 |
416 |
416 |
1,220 |
1,080 |
140 |
0.9 |
|
18,000 |
456 |
456 |
1,420 |
1,280 |
140 |
0.9 |
|
19,000 |
876 |
876 |
1,620 |
1,480 |
140 |
0.8 |
|
20,000 |
936 |
936 |
1,820 |
1,680 |
140 |
0.8 |
|
25,000 |
1,236 |
1,236 |
2,820 |
2,680 |
140 |
0.7 |
|
30,000 |
1,536 |
1,536 |
4,260 |
4,120 |
140 |
0.6 |
|
35,000 |
1,836 |
1,836 |
6,360 |
6,220 |
140 |
0.5 |
|
40,000 |
2,091 |
2,136 |
8,460 |
8,320 |
95 |
0.3 |
|
45,000 |
2,221 |
2,278 |
10,560 |
10,420 |
83 |
0.3 |
|
50,000 |
2,341 |
2,398 |
12,660 |
12,520 |
83 |
0.2 |
|
55,000 |
2,462 |
2,519 |
14,760 |
14,620 |
83 |
0.2 |
|
60,000 |
2,577 |
2,634 |
16,860 |
16,720 |
83 |
0.2 |
|
70,000 |
2,802 |
2,859 |
21,060 |
20,920 |
83 |
0.2 |
|
80,000 |
3,018 |
3,080 |
25,260 |
25,120 |
78 |
0.2 |
|
90,000 |
3,233 |
3,295 |
29,460 |
29,320 |
78 |
0.1 |
|
100,000 |
3,443 |
3,505 |
33,660 |
33,520 |
78 |
0.1 |
|
110,000 |
3,653 |
3,715 |
37,860 |
37,720 |
78 |
0.1 |
|
120,000 |
3,863 |
3,925 |
42,060 |
41,920 |
78 |
0.1 |
|
130,000 |
4,068 |
4,130 |
46,260 |
46,120 |
78 |
0.1 |