Income/Payroll Tax Graph

P

Purple

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Can anyone point me to a graph showing the progression of income taxes (PRSI, PAYE, USC etc.) as income increases?
There's quite a few income tax calculators but a graph would be good to see.
 
Thanks Joe, That's the sort of thing I was looking for but with more details.
It's good to show pictorially that high earners are paying a massive proportion of the overall income related tax take.
 
Purple;

Of course in a graph higher earners pay most of tax take, in that the lower earners need to get to a living wage before they pay anything.
That graph for me shows a steady increase as you earn more ;
Maybe a graph starting after a nominal living wage , would give more clarity on whether those that pay the most are being hard done by on straight income related tax measures?
Visually that graph shows a steady increase as you earn more , so it looks to be a fairish system?
 
Gerry Canning said:
Purple;

Of course in a graph higher earners pay most of tax take, in that the lower earners need to get to a living wage before they pay anything.
That graph for me shows a steady increase as you earn more ;
Maybe a graph starting after a nominal living wage , would give more clarity on whether those that pay the most are being hard done by on straight income related tax measures?
Visually that graph shows a steady increase as you earn more , so it looks to be a fairish system?
Click to expand...

The Graph is far too steep. The marginal rate of income taxes should never be above 50% and people on the average industrial wage shouldn't be on the highest rate of income tax.
If the same increases were spread out over incomes between €0 and €200'000it would be approaching fair.
 
So you would be arguing for something like this
[broken link removed]

Wonder what that would look like tax wise.
 
Hi Joe,

Same percentages but with the income levels stretched out to €200'000
 
Purple said:
The Graph is far too steep. The marginal rate of income taxes should never be above 50% and people on the average industrial wage shouldn't be on the highest rate of income tax.
If the same increases were spread out over incomes between €0 and €200'000it would be approaching fair.
Click to expand...
...........

Graph is steeper than we would want , that I accept.
We still spend more than we earn in Ireland , so conundrum is how or who or what do we hit for more taxes?

Why not have marginal rate above 50% , provided that the + 50% starts at
a figure well above standard wages.

Same increases spread from 0 to 200,000 would not be fair.
eg Well off use roads for their car , less well off do not have a car , why should poorer pay for better off,s roads?

Maybe I am a latent Red!
 
Gerry Canning said:
...........

Same increases spread from 0 to 200,000 would not be fair.
eg Well off use roads for their car , less well off do not have a car , why should poorer pay for better off,s roads?
Click to expand...

If you are going to make an arguement don't pick the one subject with one of the highest levels of taxation.

VAT & VRT on new cars
VAT and Excise duties on petrol
Annual Motor Tax
 
Purple said:
Hi Joe,

Same percentages but with the income levels stretched out to €200'000
Click to expand...

Under the current rates the % is
10k 0%
20k 11%
30k 18%
40k 24.83%
50k 30.26%
60k 33.89%
80k 38.41%
100k 41.13%

Are you proposing that
20k 0%
40k 11%
60k 18%
80k 24.83%
100k 30.26%

[broken link removed]
 
Joe_90 said:
Under the current rates the % is
10k 0%
20k 11%
30k 18%
40k 24.83%
50k 30.26%
60k 33.89%
80k 38.41%
100k 41.13%

Are you proposing that
20k 0%
40k 11%
60k 18%
80k 24.83%
100k 30.26%
Click to expand...

Yes, that seems fairer, when looked at relative to the bands in other EU countries.
 
Remembering some maths from over 50 years ago, would the area under the graph in some way represent the total tax take?
 
rayn said:
Remembering some maths from over 50 years ago, would the area under the graph in some way represent the total tax take?
Click to expand...

Not really on the basis that this represents the effective rate of Tax PRSI and USC.

You would need the number of people paying at each rate to compute the tax take.

ie if 90% of people earned 20k and 10% 100k the total take is whatever but if
50% earn 20k, 30% earn 40k and 20% earn 100k then you get a different answer.
 
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