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Irish Mirror
Irish Mirror
National
Sophie Collins

Blow for Irish workers as proposed scheme means most could face 40% tax on all pay

ESRI

Research shows that Irish workers could see their wages hit by a 40% tax rate in line with a new universal basic income that has been proposed.

The ESRI has revealed that if the government was to roll out a payment worth €1,200 a month per person - regardless of their income - it would cost the state almost €50bn.

The report suggests that this universal basic income would be offered to everyone over the age of 18 and would be modelled off what is deemed “sufficient to live on".

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