|
EXAMPLE
6
|
|
Married
couple, one income, no children taxed under PAYE
|
|
Modified
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
|
0
|
0
|
0
|
0.0
|
|
13,000
|
0
|
0
|
0
|
0
|
0
|
0.0
|
|
14,000
|
0
|
0
|
0
|
0
|
0
|
0.0
|
|
15,000
|
123
|
123
|
0
|
0
|
0
|
0.0
|
|
16,000
|
132
|
132
|
0
|
0
|
0
|
0.0
|
|
17,000
|
141
|
141
|
0
|
0
|
0
|
0.0
|
|
18,000
|
150
|
150
|
0
|
0
|
0
|
0.0
|
|
19,000
|
539
|
539
|
100
|
0
|
100
|
0.5
|
|
20,000
|
568
|
568
|
300
|
160
|
140
|
0.7
|
|
25,000
|
713
|
713
|
1,300
|
1,160
|
140
|
0.6
|
|
30,000
|
858
|
858
|
2,300
|
2,160
|
140
|
0.5
|
|
35,000
|
1,003
|
1,003
|
3,300
|
3,160
|
140
|
0.5
|
|
40,000
|
1,137
|
1,148
|
4,960
|
4,820
|
129
|
0.4
|
|
45,000
|
1,238
|
1,253
|
7,060
|
6,920
|
125
|
0.3
|
|
50,000
|
1,339
|
1,354
|
9,160
|
9,020
|
125
|
0.3
|
|
55,000
|
1,440
|
1,455
|
11,260
|
11,120
|
125
|
0.3
|
|
60,000
|
1,541
|
1,555
|
13,360
|
13,220
|
125
|
0.3
|
|
70,000
|
1,742
|
1,757
|
17,560
|
17,420
|
125
|
0.2
|
|
80,000
|
1,943
|
1,957
|
21,760
|
21,620
|
125
|
0.2
|
|
90,000
|
2,143
|
2,158
|
25,960
|
25,820
|
125
|
0.2
|
|
100,000
|
2,344
|
2,359
|
30,160
|
30,020
|
125
|
0.2
|
|
110,000
|
2,544
|
2,559
|
34,360
|
34,220
|
125
|
0.2
|
|
120,000
|
2,745
|
2,760
|
38,560
|
38,420
|
125
|
0.2
|
|
130,000
|
2,945
|
2,960
|
42,760
|
42,620
|
125
|
0.1
|
|