EXAMPLE 4
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 80 0 80 0.7
13,000
0 0 280 40 240 1.9
14,000
0 0 480 240 240 1.8
15,000
336 336 680 440 240 1.7
20,000
936 936 1,680 1,440 240 1.4
25,000
1,236 1,236 2,680 2,440 240 1.1
30,000
1,536 1,536 4,120 3,880 240 1.0
35,000
1,836 1,836 6,220 5,980 240 0.9
40,000
2,136 2,136 8,320 8,080 240 0.8
45,000
2,278 2,337 10,420 10,180 181 0.6
50,000
2,398 2,463 12,520 12,280 175 0.5
60,000
2,634 2,698 16,720 16,480 175 0.4
80,000
3,080 3,144 25,120 24,880 175 0.3
100,000
3,505 3,575 33,520 33,280 170 0.3
120,000
3,925 3,990 41,920 41,680 175 0.2
Variations can arise due to rounding