Thursday 19 January 2017

Family on €50,000 gross income will now be €2,000 less well off

Published 07/12/2011 | 05:00

Finance Minister Michael Noonan had goodies for those who bought homes at the peak of the boom, but for the most part his first Budget will hit household incomes hard.

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All told, a family on a typical gross income of €50,000 could end up €2,000 out of pocket from this week's two Budgets.

Higher valued added tax, the new household charge, an extra 4c on a litre of petrol and diesel (due to VAT) and carbon tax increases were among the measures that made a big impact yesterday.

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