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Ray Houghton
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    Posted: 05 Jan 2011 at 8:07am
just got 1st pay of 2011.... for last 2 weeks in december and the whole lot has been taxed at the new 2011 rates... surely because this income was earned in 2010, the old rates should still be applicable?   Any tax afficionados out there?
MERRY CHRISTMAS

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Youre correct.
Get onto whoever pays you and tell them theyre a muppet and to sort it
This is our f**king country we're talking about - Keano

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Maybe silly question.

If you are a married couple with two earners with lets say a gross of 100k and take home of 70k after taxes.
Now lets say one or the earners leaves the workforce and the gross is now down from 100 -> 75k, if the one earner was to make up that 25k through additional gross from say a promotion, would you still as a household come out with a take home pay of 70k after taxes as before? Or are there other things you lose out on that benefits that the both of you are working to make the money versus one person making all of it

Seems from the tax calculators it works out more take home for the household if its two people making the gross 


Edited by t_rAndy - 03 Oct 2022 at 12:38am
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Originally posted by t_rAndy t_rAndy wrote:

Maybe silly question.

If you are a married couple with two earners with lets say a gross of 100k and take home of 70k after taxes.
Now lets say one or the earners leaves the workforce and the gross is now down from 100 -> 75k, if the one earner was to make up that 25k through additional gross from say a promotion, would you still as a household come out with a take home pay of 70k after taxes as before? Or are there other things you lose out on that benefits that the both of you are working to make the money versus one person making all of it

Seems from the tax calculators it works out more take home for the household if its two people making the gross 
Yeah if you've two people making the income, you get more of your income paid at the lower tax rate so it'd be more take home pay. Kinda levels it out a bit as people with two incomes probably have to pay childcare and other costs. If there's a gap like you described (€75k v €25k) then it's better to be jointly assessed, less important if the incomes are closer.

The second income also generates a bigger pension (state pension being somewhat based on years worked), so it's always a bit of an incentive to work
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Robbie Keane
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Originally posted by Shedite Shedite wrote:

Originally posted by t_rAndy t_rAndy wrote:

Maybe silly question.

If you are a married couple with two earners with lets say a gross of 100k and take home of 70k after taxes.
Now lets say one or the earners leaves the workforce and the gross is now down from 100 -> 75k, if the one earner was to make up that 25k through additional gross from say a promotion, would you still as a household come out with a take home pay of 70k after taxes as before? Or are there other things you lose out on that benefits that the both of you are working to make the money versus one person making all of it

Seems from the tax calculators it works out more take home for the household if its two people making the gross 
Yeah if you've two people making the income, you get more of your income paid at the lower tax rate so it'd be more take home pay. Kinda levels it out a bit as people with two incomes probably have to pay childcare and other costs. If there's a gap like you described (€75k v €25k) then it's better to be jointly assessed, less important if the incomes are closer.

The second income also generates a bigger pension (state pension being somewhat based on years worked), so it's always a bit of an incentive to work

Thanks for that. 

So if jointly assessed, it's not that say as two single person you can make up to 40k before the higher bracket and if its one income and a joint assessment it would be 40+40 = 80 before higher rate?
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Originally posted by t_rAndy t_rAndy wrote:

Originally posted by Shedite Shedite wrote:

Originally posted by t_rAndy t_rAndy wrote:

Maybe silly question.

If you are a married couple with two earners with lets say a gross of 100k and take home of 70k after taxes.
Now lets say one or the earners leaves the workforce and the gross is now down from 100 -> 75k, if the one earner was to make up that 25k through additional gross from say a promotion, would you still as a household come out with a take home pay of 70k after taxes as before? Or are there other things you lose out on that benefits that the both of you are working to make the money versus one person making all of it

Seems from the tax calculators it works out more take home for the household if its two people making the gross 
Yeah if you've two people making the income, you get more of your income paid at the lower tax rate so it'd be more take home pay. Kinda levels it out a bit as people with two incomes probably have to pay childcare and other costs. If there's a gap like you described (€75k v €25k) then it's better to be jointly assessed, less important if the incomes are closer.

The second income also generates a bigger pension (state pension being somewhat based on years worked), so it's always a bit of an incentive to work

Thanks for that. 

So if jointly assessed, it's not that say as two single person you can make up to 40k before the higher bracket and if its one income and a joint assessment it would be 40+40 = 80 before higher rate?

Yeah it's not quite double, €74k.

The PWC calculator is the one I find best for showing the breakdown
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Another one for ye lads has anyone had to pay back tax on the Covid Welfare payment they got from the government over the pandemic?
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Originally posted by Fruice Fruice wrote:

Another one for ye lads has anyone had to pay back tax on the Covid Welfare payment they got from the government over the pandemic?
Yes, but it was done through an adjustment in my tax credits as opposed to a having to make a lump payment.
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Liam Brady
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Originally posted by Sham157 Sham157 wrote:

Originally posted by Fruice Fruice wrote:

Another one for ye lads has anyone had to pay back tax on the Covid Welfare payment they got from the government over the pandemic?
Yes, but it was done through an adjustment in my tax credits as opposed to a having to make a lump payment.

I got a bill for 2k and just got rid of it.

I was wondering did many more get a bill
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Originally posted by Fruice Fruice wrote:

Originally posted by Sham157 Sham157 wrote:

Originally posted by Fruice Fruice wrote:

Another one for ye lads has anyone had to pay back tax on the Covid Welfare payment they got from the government over the pandemic?
Yes, but it was done through an adjustment in my tax credits as opposed to a having to make a lump payment.

I got a bill for 2k and just got rid of it.

I was wondering did many more get a bill
Not sure how long you were receiving the payment for, but I only had two weeks payments. Few weeks after I returned to work, I got a revised Tax Credits letter to recover whatever I owed. This year my credits returned to normal.

IIRC actually, initially they advising people to be aware of lump sum repayments that would become due. It was only after some months that they switched to revising credits. So could depend on when you were paid also.
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Ray Houghton
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If you're self employed Fruice. The payments were seen as salary payments. So lets say you go 10k in the PUP and earned 18K normally in the year then it is 28k total and tax is paid at whatever rate is on that amount.
It would damage this forums' reputation
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