In Ireland it’s about 48% on everything above €40k, then 52% above €70k.
That by itself could be misleading though, the overall effective tax rate for someone on €40k is 18%, around 30% at €70k. The thresholds will rise next year.
Nefrayu
joined 1 year ago
Ah the dangers of Google translate and synonyms. You got the wrong definition for right when translating to Irish, the one you have means correct, deis is the word for right (direction). Clé is left, the h appears in certain contexts for grammatical reasons.
Demand does change the price. You can see the price drop during economic downturns. Supply and demand are two sides of a single equation. It simply doesn’t make sense to say that only one impacts prices.
Prices had been dropping recently despite KSA reducing supply, until the attacks in Israel that is.
Is not a monopoly though, yes there are cartels but it’s not a monopoly. The less demand there is for oil the less power OPEC has to manipulate prices. They will be left scrambling to supply the remaining demand. Supply and demand isn’t a myth, OPEC simply manipulate supply to influence the price.
Yeah after about €70k there is a higher rate of USC. The 52% includes PAYE, PRSI and USC at the highest bands for a regular employee.