Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
...and that assumes that the person receiving the 100k is the person getting all the tax credits etc.  In reality if the spouse is not working the 100k earner will pay an additional €5k in PAYE tax.
If the spouse is working they can earn up to €23k gross at a 20% tax rate.  That €23k cannot be passed to the 100k earner if the full €23k is not utilised.

(now I'd better get back to work!!)

We are all in the gutter, but some of us are looking at the stars. Oscar Wilde

by Sam on Mon Mar 27th, 2006 at 09:04:55 AM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

Occasional Series