Re: Ireland's banks and taxes
Posted by Kerri on October 3, 2011, 4:55 pm, in reply to "Re: Ireland's banks and taxes"
Thanks Scott. That helps a lot. Love your website! I would rent only and have no plans to buy a car, so that'd help keep costs of living down. If/when I would find a job, I would commute only by foot, bike, or bus. That'll limit where I can live and work, but still plenty of wonderful cities to choose from. |
: Naw, taxes generally work out to about a third
: of your total income, which is not unlike
: the states when you add up social security,
: federal and state taxes. No doubt about it,
: the MAN is taking more, but for most of us
: it's the feeling of being nickled and dimed
: to death - not some overwhelming mountain of
: taxes to be paid each year.
: At least, that's my call. No doubt, many
: will disagree with me. And, if you're
: fighting the burden of a huge mortgage,
: those nickles and dimes will bury you as
: surely as a ton of bricks.
: Most important, though, as a dual citizen,
: you don't need anyone's permission to work
: here. No work permits or the like. So,
: that's a positive.
: As for that 42pc tax rate, only your last
: euro will be taxed at that rate. The bottom
: 4,400 isn't taxed at all, and then you'll be
: in the low 20 percent for the rest of it.
: Whatever bank account you open - with An
: Post or any of the rest of them - you only
: want to bring in working capital. There is,
: in my view, too much chance of a sudden
: devaluation. So, bring in enough to get you
: by - first and last month's rent, food,
: touring around while you're new,
: accommodation during your first weeks, etc.
: Do NOT bring over your life savings. You can
: always transfer monies in electronically or
: by cheque.
: Scott - opinionated as ever.
: --Previous Message--
: I'd really like to to live and work in
: for up to 2 years for the experience, and to
: take advantage of my dual citizenship, but a
: few things are making me question it
: First of all, with the poor state of
: Ireland's banks, would it be more feasible
: to open a deposit account at An Post?
: Secondly, after reading an article in
: today's Irish Independent (I've pasted
: parted of it below), perhaps my plans should
: indefinitely be placed on the back burner
: seeing as I personally probably wouldn't
: qualify for a job over $36,000 anyway, so it
: may be best to stay put for now.
: "If you're on the average Irish wage of
: €36,000, you're paying 41 per cent tax on
: some of your wages, a universal social
: charge of 7 per cent and 4 per cent PRSI --
: which adds up to 52 per cent tax.
: 'With workers now seeing more of their
: earnings going to the taxman than into their
: own pockets, the Government has already
: discouraged people from working here and
: driven many to flee the country."