Cliff Taylor

speaker

1,379 appearances 10 recordings 2 series first heard Apr 2026 last heard 2 Sep

Cliff Taylor’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 10 in all, peaking in Jun 2026 with 3.

Appearances

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Inside Business with Ciaran Hancock · Are middle earners getting gouged by the tax system here? · 5 Aug 2026 podcast

So what a lot of lower earners would find is when they do their sums initially, they may be liable to pay a small amount of tax.

Then when you take away the tax credits,

That wipes out their tax liability.

Yeah, the marginal rate, where it kicks in, are both unusual in Ireland.

So we have a relatively high marginal rate.

particularly for people earning over, particularly when it goes over 50%, when it goes to 52%, and indeed 56% for self-employed people earning over 100,000 due to the special USC levy that they pay.

So that is unusual across the OECD.

Most marginal rates would be below 50%.

There are some exceptions to that.

So the scale of the marginal rate is relatively high here.

And the other unusual factor, as you say, is the income level that it kicks in.

So in a lot of other countries, the higher marginal rate wouldn't kick in until significantly higher income levels.

So for a single person here, it's what, 44,000?

44,000 for a single person.

So that is...

that is below the average wage, depending on how you define it, you know, full-time, part-time.

53,000 for a one-income couple.

It is, yeah.

As you say, the squeezed middle.

We might remember that going back to one of the previous programmes for government, not the one for this government, but the one for the previous government, there was a commitment to look at kind of significantly reducing the USC,

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