Dan O'Brien
@danobrien20
Chief economist, Institute of International and European Affairs, and columnist at The Currency. Speaker/presenter: conferences, boards etc. Views mine.
1.2K Following 26.1K Followers
Good piece here on why Ireland is ranked worst-in-Europe on personal taxes. The top German rate is 45%, but applies to income well over a quarter of a million euro.
In Ireland, the government takes 48% on anything above €44,000, which was the average earnings in 2024 (latest CSO figures available). It moves to 52% at anything above $70,000, as the higher USC kicks in.
For around 4 in 10 people, the government takes more of their overtime, extra work, bonuses and pay increases than they do.
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If expanding the size of the state defines where a government is on the left/right spectrum, Ireland has the most left-wing government in the EU.
Effectively no tax cuts planned for 2027.
The @TaxFoundation ranks Ireland’s personal tax code as the worst in Europe and the second worst in the OECD.
