3 ms·
1 Bed apartment in city center Dublin 2K a month. Thats 24K a year. For the sake of simplicity, that means you earn 48K to pay for that 24k (Tax) The landlord g
by Irishsteve 8y ago
1 Bed apartment in city center Dublin 2K a month.
Thats 24K a year.
For the sake of simplicity, that means you earn 48K to pay for that 24k (Tax)
The landlord gets 24K into their pocket.
They pay the government 12K in tax (50% threshold assumed again)
Landlord spends that 12k on fun activities. They pay 23% VAT
The government is making an absolute fortune with this absurd rental market.
Let's not even get into the high cost of mortgages because the government has a non trivial share in banks after they went bust 10 years ago.