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Death & Taxes - Quick Question...


Malbekh

Well-known member
Joined
Apr 30, 2009
Messages
3,032
No cheating here.

If my employer wants to pay me €7500 net on commission due, how much will it cost him gross inclusive of employer PRSI. No prize other than a sick bucket.....which is what I felt I needed when I was told how much.....

:shock2:
 

Ribeye

Well-known member
Joined
Jul 12, 2011
Messages
26,306
No cheating here.

If my employer wants to pay me €7500 net on commission due, how much will it cost him gross inclusive of employer PRSI. No prize other than a sick bucket.....which is what I felt I needed when I was told how much.....

:shock2:
€9k in cash, win, win,

:)
 
D

Deleted member 17573

No cheating here.

If my employer wants to pay me €7500 net on commission due, how much will it cost him gross inclusive of employer PRSI. No prize other than a sick bucket.....which is what I felt I needed when I was told how much.....

:shock2:
Just over double that - allowing for 41% tax, 7% USC and 4% PRSI!
 

Fractional Reserve

Well-known member
Joined
Apr 30, 2011
Messages
8,326
about double that and employers prsi so around 16 k if your basic is on the top rate .F88king sick innit.
No cheating here.

If my employer wants to pay me €7500 net on commission due, how much will it cost him gross inclusive of employer PRSI. No prize other than a sick bucket.....which is what I felt I needed when I was told how much.....

:shock2:
 

Malbekh

Well-known member
Joined
Apr 30, 2009
Messages
3,032
So far, you're getting close, but no sick bucket:cry:
 

Malbekh

Well-known member
Joined
Apr 30, 2009
Messages
3,032
Yep, €17,500 of which €1600 is employer PRSI

What's the point of being successful - in a recession - and thinking you might be a position to pay some bills and maybe take a holiday (finally) and then get kicked in the stomach like this?

There has to be another way
 

'orebel

Well-known member
Joined
Nov 13, 2009
Messages
20,538

Fractional Reserve

Well-known member
Joined
Apr 30, 2011
Messages
8,326
You could do that but you have to watch the vat lark also.Also the revenue will a make a call on weather the person is an employee or a consultant / agent etc when they audit so they could make your life miserable with fines and penalties on tax and prsi owed.Th government and revenue want everyone caught in the PAYE lark its makes life easier and they have more control over the slaves.

Or become an agent rather than an employee!
 

Tin Foil Hat

Well-known member
Joined
Mar 3, 2010
Messages
2,900
Yep, €17,500 of which €1600 is employer PRSI

What's the point of being successful - in a recession - and thinking you might be a position to pay some bills and maybe take a holiday (finally) and then get kicked in the stomach like this?

There has to be another way
The only way you tax is going to go, Malbekh, is up. In socialist extremist states, of which Ireland is one, there is no amount of tax that those who work hard to give themselves a nice quality of life, can pay that is high enough.
 

InsideImDancing

Well-known member
Joined
Apr 3, 2011
Messages
21,961
So essentially he has to pay you 7,500, and 10 grand on top for the government?
 
R

Ramps

Yep, €17,500 of which €1600 is employer PRSI

What's the point of being successful - in a recession - and thinking you might be a position to pay some bills and maybe take a holiday (finally) and then get kicked in the stomach like this?

There has to be another way
What are you moaning about? Did you not hear Jack O Connor's lamenting the, eh, fact that the rich are avoiding the pain, on PT?

If I had my way, I'd take all your money. ;)
 

Malbekh

Well-known member
Joined
Apr 30, 2009
Messages
3,032
Begs the question, what's the point in hiring motivated staff that earn a basic salary and get commission on sales? By the way, the kind of work I'm talking about involves 45 hour weeks, 60,000km a year worth of motorway pounding with lots of corporate clients that are very, very demanding.

Not working in financial derivatives or other formats of printing money
 

Ribeye

Well-known member
Joined
Jul 12, 2011
Messages
26,306
Begs the question, what's the point in hiring motivated staff that earn a basic salary and get commission on sales? By the way, the kind of work I'm talking about involves 45 hour weeks, 60,000km a year worth of motorway pounding with lots of corporate clients that are very, very demanding.

Not working in financial derivatives or other formats of printing money
60,000km eh, that's a lotta juice,

Remember, 65% of the cost of a litre of petrol is tax,

How much did the govt get outta that, c.€5k maybe?

Plus Motor tax?

Who ye workin for, coz it ain't you and your family, is it,

#slavery
 
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