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Irish tax rates include a standard income tax rate of 20% for income up to a certain threshold, with a higher rate of 40% applied to income above that threshold. Additionally, there are various taxes such as the Universal Social Charge (USC) and Pay Related Social Insurance (PRSI) that also affect overall taxation. Ireland used to be a tax haven but then pressure from the EU forced them to normalize their tax rates to be more in line with EU averages.
Myths. Rosie O'Donnell walked out of an Irish bar...