Friday 21 July 2017

High earners pay more than their fair share in tax, while others get a free ride

Don't believe the poverty lobby groups, low earners and those on the dole are doing relatively well

'A couple in Ireland earning €40,000 pays €6,143 in income tax, PRSI and USC, or 15pc of their income. A couple earning £35,000 in the UK pays 23pc of their income in equivalent taxes'
'A couple in Ireland earning €40,000 pays €6,143 in income tax, PRSI and USC, or 15pc of their income. A couple earning £35,000 in the UK pays 23pc of their income in equivalent taxes'

Brendan Burgess

If you listened to politicians, the commentariat and the poverty lobby groups, you would be convinced that austerity had left the lower paid and those on social welfare in dire circumstances and that higher earners are paying very little tax.

Here are a few facts.

A couple in Ireland earning €40,000 pays €6,143 in income tax, PRSI and USC, or 15pc of their income. A couple earning £35,000 in the UK pays 23pc of their income in equivalent taxes.

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