This columnist writes here on a fortnightly basis and is adequately remunerated for it. I don’t bother writing more frequently because the Government takes more of my fee than I do. Almost half the workforce faces a marginal tax rate of just below or just over 50 per cent, owing to three effectively identical taxes: income tax, USC, and PRSI. A 47 per cent marginal rate kicks in at just €44,000 and a 52 per cent rate at €70,000. This, in turn, means that every pay increase and bonus, and every extra job or contract a worker takes on above…
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