Brendan Burgess
Founder
- Messages
- 52,192
Tax/USC/PRSI 19392/90K= 21.5%
Tax/USC/PRSI 52115/160K= 32%
Social Justice Ireland is a joke Brendan. And an untrustworthy joke at that.Social Justice Ireland has published interesting figures:
Effective Tax Rates after Budget 2022 and Why Ireland remains a low tax country | Social Justice Ireland
Central to a thorough understanding of income taxation in Ireland are effective tax rates. These rates are calculated by comparing the total amount of…www.socialjustice.ie
Maybe. But do you dispute the figures in their table?Social Justice Ireland is a joke Brendan. And an untrustworthy joke at that.
I didn't bother looking at it. For the same reason that I wouldn't bother looking.at figures presented by People Before Profit. Respect is earned.Maybe. But do you dispute the figures in their table?
Is Ireland a highly taxed country?
In popular discussion, one would get the impression that Ireland is a highly taxed country with a squeezed middle. The ESRI did a good report on effective tax rates. https://www.esri.ie/system/files/publications/RS110.pdf Ireland is a low tax country for almost everyone: With very low PRSIwww.askaboutmoney.com
Appendix 1A of the report gives a sense of what goes into the Capital calculations, it’s much broader than just CGT/DIRT - “…How are the capital tax rates so low? Are they including housing to bring it down or something that I've missed in the report?
DIRT 33%, CGT 33% with only a small exemption, normal investments are 40% with no exemption.
Very simple. When CGT is high, people are very reluctant to create tax bills for themselves by disposing of assets. When CAT is high, people are very reluctant to create tax bills for themselves by gifting assets.How are the capital tax rates so low?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?