@tintory@lemm.ee to World News@lemmy.worldEnglish • 1 year agoRishi Sunak considers tax cut for top earners after byelection defeatswww.theguardian.comexternal-linkmessage-square41fedilinkarrow-up1162arrow-down16cross-posted to: world@lemmy.worldallagainstausterity@lemm.eeworldnews@lemmy.mlunitedkingdom@feddit.uk
arrow-up1156arrow-down1external-linkRishi Sunak considers tax cut for top earners after byelection defeatswww.theguardian.com@tintory@lemm.ee to World News@lemmy.worldEnglish • 1 year agomessage-square41fedilinkcross-posted to: world@lemmy.worldallagainstausterity@lemm.eeworldnews@lemmy.mlunitedkingdom@feddit.uk
minus-square@Nefrayu@lemmy.worldlinkfedilinkEnglish2•1 year agoIn Ireland it’s about 48% on everything above €40k, then 52% above €70k. That by itself could be misleading though, the overall effective tax rate for someone on €40k is 18%, around 30% at €70k. The thresholds will rise next year.
minus-square@Squizzy@lemmy.worldlinkfedilinkEnglish1•1 year agoWhat is the break down of this? Is it the higher USC band? I’m not familiar with a 52% tax rate.
minus-square@Nefrayu@lemmy.worldlinkfedilinkEnglish1•1 year agoYeah after about €70k there is a higher rate of USC. The 52% includes PAYE, PRSI and USC at the highest bands for a regular employee.
In Ireland it’s about 48% on everything above €40k, then 52% above €70k.
That by itself could be misleading though, the overall effective tax rate for someone on €40k is 18%, around 30% at €70k. The thresholds will rise next year.
What is the break down of this? Is it the higher USC band? I’m not familiar with a 52% tax rate.
Yeah after about €70k there is a higher rate of USC. The 52% includes PAYE, PRSI and USC at the highest bands for a regular employee.