@PatLeahyIT Marginal rate is 63%. Assume a €10,000 bonus, 52% deducted at source, left with €4,800. You treat yourself, you buy some new electronics. Government take a 23% cut. So of the €4,800 you spend on electronics - €1,104 goes in tax. You got €3,696. Government got €6,304 (63%).
@danobrien20@TaxFoundation Marginal rate is 63%. Assume a €10,000 bonus, 52% deducted at source, left with €4,800. You treat yourself, you buy some new electronics. Government take a 23% cut. So of the €4,800 you spend on electronics - €1,104 goes in tax. You got €3,696. Government got €6,304 (63%).
@ciarannugent Marginal rate is 63%. Assume a €10,000 bonus, 52% deducted at source, left with €4,800. You treat yourself, you buy some new electronics. Government take a 23% cut. So of the €4,800 you spend on electronics - €1,104 goes in tax. You got €3,696. Government got €6,304 (63%).