DUBLIN: When €270 a month in child benefit and tax provisions are taken into account, a family with two children, on the average wage, takes home 99.8pc of their gross wages, according to the Organisation for Economic Cooperation and Development.
The Paris-based organisation said that after tax and benefits, average single workers take home close to 80pc of their gross pay. But the OECD suggested a married couple with one partner working at the average wage fares much better.
Taking into account child-related benefits and tax provisions, the employee net tax burden for an average married worker with two children in Ireland was reduced to 0.2pc in 2014, which is the lowest in the OECD, and compares with a reduction to 14.8pc for the OECD average,” said the tax trends report.
This means that an average married worker with two children in Ireland had a take-home pay, after tax and family benefits, of 99.8pc of their gross wage compared to 85.2pc for the OECD average.”
