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Whats The Point of Earning 100k Salaries in Ireland

  • 08-05-2015 12:15PM
    #1
    JamesC7
    Closed Accounts Posts: 23 ✭JamesC7


    Taken from deloitte.ie/tc/ 100K does not seem like much after tax considering the massive stress and demands that come with 100k positions.
    60k per year = after tax 40,315.00
    100K = 58,869.00


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Comments

  • #2
    smash
    Closed Accounts Posts: 34,808 ✭✭✭✭smash


    It's still over 18.5k more a year. I'd say it's worth it...


  • #3
    Mr. Incognito
    Registered Users, Registered Users 2 Posts: 9,798 ✭✭✭Mr. Incognito


    Someone has to be the hate scape goat for the Socialist and Shinner Bots working class hate.


  • #4
    JamesC7
    Closed Accounts Posts: 23 ✭JamesC7


    smash wrote: »
    It's still over 18k more a year. I'd say it's worth it...

    I'm not so sure the 20k is worth it. You're already losing 40k in tax and the stress in these jobs can be massive.


  • #5
    Agricola
    Registered Users, Registered Users 2 Posts: 6,547 ✭✭✭Agricola


    JamesC7 wrote: »
    I'm not so sure the 20k is worth it. You're already losing 40k in tax and the stress in these jobs can be massive.

    Some people are allergic to work


  • #6
    smash
    Closed Accounts Posts: 34,808 ✭✭✭✭smash


    JamesC7 wrote: »
    I'm not so sure the 20k is worth it. You're already losing 40k in tax and the stress in these jobs can be massive.

    This isn't the 80's. 100k a year isn't a company CEO managing a few hundred staff. 100k a year is an achievable salary in many industries. What's this "extra stress" you talk about?


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  • #7
    [Deleted User]
    Posts: 12,694 ✭✭✭✭ [Deleted User]


    What would you take home salary be in the Uk or some other comparable European country don't forget to include local tax and levies.


  • #8
    Menas
    Closed Accounts Posts: 12,318 ✭✭✭✭Menas


    If you are good enough to earn a salary like that then chances are that money is not your sole motivation. You know, pride at been the best at what you do, power etc etc...


  • #9
    bnt
    Registered Users, Registered Users 2 Posts: 13,163 ✭✭✭✭bnt


    Ah, but with that kind of base salary you might be able to afford a decent home, and then you can claim mortgage interest tax relief. :rolleyes:

    You are the type of what the age is searching for, and what it is afraid it has found. I am so glad that you have never done anything, never carved a statue, or painted a picture, or produced anything outside of yourself! Life has been your art. You have set yourself to music. Your days are your sonnets.

    ―Oscar Wilde predicting Social Media, in The Picture of Dorian Gray



  • #10
    newmug
    Banned (with Prison Access) Posts: 3,571 ✭✭✭newmug


    smash wrote: »
    It's still over 18.5k more a year. I'd say it's worth it...

    Some people only have 18.5K per year to live on in the first place! And raise a family on that too. Fcuk job stress, I'd take that any day over "will I have enough for the kids to have dinner every day this week" stress.


  • #11
    JamesC7
    Closed Accounts Posts: 23 ✭JamesC7


    mariaalice wrote: »
    What would you take home salary be in the Uk or some other comparable country don't forget to include local tax and levies.

    This is rough estimates in some US States if you earned 200k a year you would take home 150k.
    In Ireland you would take home 100k.


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  • #12
    Uncle Ben
    Closed Accounts Posts: 1,843 ✭✭✭Uncle Ben


    I'd guess the stress is equally shared by those on minimum wage or jobsbridge. I know where my sympathies lie.


  • #13
    narcissistic
    Registered Users, Registered Users 2 Posts: 3 ✭narcissistic


    I had to sign up to contribute to this thread. Im in my early 30's and earn €106k per year, €121k with bonuses and people on higher salaries are getting screwed. There is barely any incentive to achieve in this country and more calls being made to pretty much penalise those on higher incomes. This year alone ive worked on projects that have created 50+ jobs at 50k-75k in salaries. I have no intention in staying in Ireland long term.


  • #14
    I swindled the NSA
    Closed Accounts Posts: 150 ✭✭I swindled the NSA


    JamesC7 wrote: »
    and the stress in these jobs can be massive.

    Whereas life for the low paid (or even unemployed) is a bed of roses ?


  • #15
    Gone Drinking
    Registered Users, Registered Users 2 Posts: 2,814 ✭✭✭Gone Drinking


    Because you need to have worked in a 100k position to get into a 150k position and so forth.

    I've worked in a few large companies, the guys on the big money are under pressure, but there lives aren't falling a apart either. Nice cars, nice holidays, they live in nice areas. I'd know these things from speaking to them on a personal level and in my mind, they were all happy people.

    Don't assume working in a 100k position means your life is over..

    Edit: Something I forgot to mention, bonuses. In the company I work for, I'm entitled to a 7% bonus, but from what I hear the director level bonuses are up to 75% because of the fact that its a high pressure position. So you need to factor that sort of stuff in also.


  • #16
    JamesC7
    Closed Accounts Posts: 23 ✭JamesC7


    I swindled the NSA wrote: »
    Whereas life for the low paid (or even unemployed) is a bed of roses ?

    Quit my 90k IT position 2 years ago because i despised it. Earning half that doing what i love now (animation)


  • #17
    [Deleted User]
    Posts: 12,694 ✭✭✭✭ [Deleted User]


    JamesC7 wrote: »
    This is rough estimates in some US States if you earned 200k a year you would take home 150k.
    In Ireland you would take home 100k.

    I didn't say the USA I said a compatible European country, have you looked at how much property tax is in desirable parts of the US let alone the cost of health insurance.


  • #18
    Stillhouette
    Registered Users, Registered Users 2 Posts: 208 ✭✭Stillhouette


    I swindled the NSA wrote: »
    Whereas life for the low paid (or even unemployed) is a bed of roses ?

    The unemployed have the latest iPhones, full Sky TV subscription and go on multiple holidays a year according to some on this site. How bad.


  • #19
    NomadicGray
    Registered Users, Registered Users 2 Posts: 1,433 ✭✭✭NomadicGray


    Stillhouette wrote: »
    The unemployed have the latest iPhones, full Sky TV subscription and go on multiple holidays a year according to some on this site. How bad.

    Joan?!


  • #20
    dodzy
    Registered Users, Registered Users 2 Posts: 10,303 ✭✭✭✭dodzy


    narcissistic wrote: »
    I had to sign up to contribute to this thread. Im in my early 30's and earn €106k per year, €121k with bonuses and people on higher salaries are getting screwed. There is barely any incentive to achieve in this country and more calls being made to pretty much penalise those on higher incomes. This year alone ive worked on projects that have created 50+ jobs at 50k-75k in salaries. I have no intention in staying in Ireland long term.

    You chose your username well.


  • #21
    JamesC7
    Closed Accounts Posts: 23 ✭JamesC7


    mariaalice wrote: »
    I didn't say the USA I said a compatible European country, have you looked at how much property tax is in desirable parts of the US let alone the cost of health insurance.
    Health, dental is usually covered by 100k salary jobs. Europe is a joke most taxes go over 50%


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  • #22
    CardBordWindow
    Registered Users, Registered Users 2 Posts: 3,205 ✭✭✭CardBordWindow


    Cant' believe nobody has mentioned coke, or hookers yet!

    Am I in the right forum? :p


  • #23
    narcissistic
    Registered Users, Registered Users 2 Posts: 3 ✭narcissistic


    JamesC7 wrote: »
    Health, dental is usually covered by 100k salary jobs. Europe is a joke most taxes go over 50%

    Agreed. The majority of top talent in Europe would take a cut to work in the US


  • #24
    Egginacup
    Site Banned Posts: 2,922 ✭✭✭Egginacup


    smash wrote: »
    It's still over 18.5k more a year. I'd say it's worth it...

    Are you familiar with the economic term "Diminishing Marginal Returns"?


  • #25
    JamesC7
    Closed Accounts Posts: 23 ✭JamesC7


    narcissistic wrote: »
    Agreed. The majority of top talent in Europe would take a cut to work in the US
    Being self-employed in Ireland is a different story though. 12.5 corp tax, tax credits, 2 years tax exemption.


  • #26
    Stillhouette
    Registered Users, Registered Users 2 Posts: 208 ✭✭Stillhouette


    NomadicGray wrote: »
    Joan?!

    Ha, you called me Joan as if I am Joan Burton. Genius.

    If you actually bothered to read my post you will see that I am not actually making these claims but hey, you ignore that if you think it will get you some cheap likes.


  • #27
    NomadicGray
    Registered Users, Registered Users 2 Posts: 1,433 ✭✭✭NomadicGray


    Stillhouette wrote: »
    Ha, you called me Joan as if I am Joan Burton. Genius.

    If you actually bothered to read my post you will see that I am not actually making these claims but hey, you ignore that if you think it will get you some cheap likes.

    Forget the cheap likes, I'm enjoying getting to you with such an obvious joke


  • #28
    arayess
    Closed Accounts Posts: 1,707 ✭✭✭arayess


    Trigger Happy wrote: »
    If you are good enough to earn a salary like that then chances are that money is not your sole motivation. You know, pride at been the best at what you do, power etc etc...

    not me.
    my only motivation is money - The day i can fund my retirement is the day i quit.


  • #29
    Akrasia
    Registered Users, Registered Users 2 Posts: 23,397 ✭✭✭✭Akrasia


    Egginacup wrote: »
    Are you familiar with the economic term "Diminishing Marginal Returns"?
    Theres a study to show that once your income level reaches about $75k, any additional income over this level does not increase happiness http://blogs.wsj.com/wealth/2010/09/07/the-perfect-salary-for-happiness-75000-a-year/

    Basically, the law of diminishing marginal returns applies to happiness

    By the time the someone is on 75k, they will have enough income to pay for a decent car, a decent house and have enough disposable income to cover pension, health insurance and to go on holidays and have a good social life.

    Anything above this is just piling on 'stuff' that don't necessarily increase happiness.

    If someone overstretches and spends way more than they can afford on a fancy car or fancy house and they are struggling to pay back their loans, then this doesn't apply. People can ruin their own lives by being too greedy and setting their sights too high

    I like the old Epicurus quote, "Nothing is sufficient for the person who finds sufficiency too little"

    Chomsky(2017) on the Republican party

    "Has there ever been an organisation in human history that is dedicated, with such commitment, to the destruction of organised human life on Earth?"



  • #30
    my friend
    Banned (with Prison Access) Posts: 7,129 ✭✭✭my friend


    bnt wrote: »
    Ah, but with that kind of base salary you might be able to afford a decent home, and then you can claim mortgage interest tax relief. :rolleyes:

    There is no mortgage interest relief


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  • #31
    narcissistic
    Registered Users, Registered Users 2 Posts: 3 ✭narcissistic


    Im sorry but this is the nonsensical ramblings of someone who will never ever reach an executive level. Earning more than $75k will not make you happy? Money gives people choices and choices make people happy.


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