Persons in receipt of social welfare payments including contributory and non-contributory pensions are protected as they will not pay the income levy. Those who earn most will pay most. A single person earning €125,000 per year will pay €1,499 per year income levy which is the equivalent of €28.83 per week. Those with even higher incomes may well have capital allowances or make significant contributions to pension schemes. However, they will be unable to shelter their incomes by these means as the levy is applied to gross income before deductions for such items.

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