It's 2k change since 2021, not 2k from this year's budget. A bit of sleight of hand in the Minister's speech, I felt.Is there really an additional €2k in pockets of average €46k worker based on tax/isc changes only?
Imagine they did that with the welfare increases, oh actually that includes last year's increases aswell. There would be riotsIt's 2k change since 2021, not 2k from this year's budget. A bit of sleight of hand in the Minister's speech, I felt.
100% Agreed, but an almost 19% increase, over last 3 budgets is someway helpfulThe SRCOP has lagged behind wage growth for years.
Credit to Gerard Brady of IBEC for the chart.
It should be much higher. The highest rate shouldn't kick in until earning go above twice the average industrial wage.100% Agreed, but an almost 19% increase, over last 3 budgets is someway helpful
isn't the real problem that the jump from 20% to 40% is much too steep, and that we should have a middle rate of 30%?It should be much higher. The highest rate shouldn't kick in until earning go above twice the average industrial wage.
Yes, both.isn't the real problem that the jump from 20% to 40% is much too steep, and that we should have a middle rate of 30%?
40% + PRSI + USC - making a total marginal rate of ~50% is way too high on relatively modest incomes
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