Example 5
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
€ € € € € € %
15,000
123 123 0 0 0 0.0
20,000
568 568 160 0 160 0.8
25,000
713 713 1,160 920 240 1.0
30,000
858 858 2,160 1,920 240 0.9
35,000
1,003 1,003 3,160 2,920 240 0.8
40,000
1,148 1,148 4,820 4,580 240 0.7
45,000
1,253 1,268 6,920 6,680 225 0.6
50,000
1,354 1,369 9,020 8,780 225 0.6
60,000
1,555 1,571 13,220 12,980 225 0.5
80,000
1,957 1,973 21,620 21,380 225 0.4
100,000
2,359 2,374 30,020 29,780 224 0.3
120,000
2,760 2,775 38,420 38,180 225 0.3
Variations can arise due to rounding.