Budget 2011

Well, yesterday was budget day here. Nobody likes budget days, and I think it's fair to say that this one was a toughie. Tax bands were dropped, social welfare payments cut, minimum wage cut, and a whole raft of other chops and changes were made to help shore up the state's coffers. I'm not an economist so I'm not gonna go into the whys and whats of it all, but I thought it might be useful to share with you a link to a calculator that might help you to understand how the changes will affect you. I had a look around and I found a few, but the one below was the most comprehensive. It deals with both private and public sector employees, while many of the other calculators only deal with private salaries.

http://www.taxcalc.eu