can somebody do a quick calculation

dolphin city

please, I am very confused

Single Person
Salary 32,000
Paying private rent
no other benefits


Single Person
Salary 50,000
Renting privately
paying health insurance (separately)

Both in their 50's

What would the cuts be

namenotavailablE

You can check these out at a couple of easy to use online calculators:

My spreadsheet- http://taxcalc.eu/monthlyss

Karl Grabe's online java form- http://taxcalc.eu/

Both of these should give accurate results. If either person is employed in the public sector pre-April 1994, you'd be better to use the spreadsheet as it caters for that category of PS employees.

In both cases, as the person in each scenario is renting you might need to adjust tax credits to allow for the rent credit (it is 20% of the rent paid for the year subject to a max of 20% of €1600). This can be done in the spreadsheet at the 'marital status' dropdown list [choose 'Let me enter my tax credits from that list] or on the java form [add €320 max to the 'Other credits' text field.

I'd do the calculation for you but don't have internet access to the sites linked above.

dolphin city

thanks so much for this. Very helpful.

unfort. I too cannot access the links.

namenotavailablE

Here are the monthly calculations for each person with 2010 comparatives:

Tax year                                [B]2011   2010 [/B] |||||  [B]2011  2010[/B]
Gross per month                         2667   2667  |||||  4167  4167

PAYE                                    232     195          833   733 
Universal Social Charge                 130       0          235     0
PRSI/Health levy                         85     191          145   311
Income levy                            [U]   0[/U]     [U] 53[/U]           [U] 0[/U]  [U]  83[/U]
Net for month                          [U]2220[/U]    [U]2227[/U]         [U]2955[/U]  [U]3039[/U]

Assumptions:
1. Standard rate tax band for each year is not increased/decreased due to other income or deductions.
2. Employee in private sector with no pension deductions (or any deductions).
3. Maximum rent credit claimed in each year. Refuse charges or trade union subscription credit not claimed.

[Source: http://taxcalc.eu/monthlyss spreadsheet ]