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Bit confused over this

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  • 08-04-2009 9:48am
    #1
    Registered Users Posts: 58,456 ✭✭✭✭


    Near the start of his speech, Brian Lenihan said the following:
    For example, as a result of the changes proposed today, a person earning the minimum wage, which is about €17,500 per year, will be asked to pay €350 per annum or €7 per week, representing 2% of their wages.

    A person earning €50,000 per year will pay €1,500 or €29 per week, which is 4% of their income.

    A person earning €300,000 per year will pay €15,655 or €300 per week, or 9% of their income.


    Then later on he said:

    Accordingly, the Government has decided to double the rates of the Income Levy and to reduce the entry points for each rate. The new rates will be 2%, 4% and 6%. The new entry points will be €15,028, €75,036 and €174,980 per annum, with the weekly equivalents being €289, €1,443 and €3,365 respectively.


    So where's he getting the figures from in the first quote??? Do they include the increases in the health levy?


Comments

  • Registered Users Posts: 1,693 ✭✭✭Zynks


    I think your first quote refers to overall increase in deductions, while the second quote refers just to the new details of the income levy.


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