@tintory@lemm.ee to World News@lemmy.worldEnglish • 2 years agoRishi Sunak considers tax cut for top earners after byelection defeatswww.theguardian.comexternal-linkmessage-square40fedilinkarrow-up1162cross-posted to: world@lemmy.worldworldnews@lemmy.ml
arrow-up1162external-linkRishi Sunak considers tax cut for top earners after byelection defeatswww.theguardian.com@tintory@lemm.ee to World News@lemmy.worldEnglish • 2 years agomessage-square40fedilinkcross-posted to: world@lemmy.worldworldnews@lemmy.ml
minus-square@Nefrayu@lemmy.worldlinkfedilinkEnglish2•2 years 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.worldlinkfedilinkEnglish2•2 years 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•2 years 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.