Sunday 18 February 2018

John Drennan: PAYE workers paying 'super-rich' tax rate, claims Burton


The Labour Party finance spokesperson Joan Burton has fired the first salvo of what is likely to be a bitterly contested election debate on taxation with a promise that Labour will not be increasing tax rates for individuals earning less than €100,000.

Speaking to the Sunday Independent, Ms Burton slammed the current scenario in which she said Ireland was now such a high-tax country that hundreds of thousands of ordinary PAYE workers were paying rates of tax that would be "more appropriate for the super-rich''.

The qualified accountant said that, under the new Finance Bill, individuals earning just over €30,000 and couples earning more than €60,000 were "now taxed at 48 per cent" -- comprising the 41 per cent rate of income tax and 7 per cent Universal Social Charge. When PRSI is factored in, struggling families are now paying 52 per cent of their wages in taxes and levies.

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