Irish Independent: Taxpayers bailed out the State, yet continue to pay price of the rescue


Figures calculated for this publication by Barry Flanagan, Director of Tax and Payroll at, show workers are still paying the price for the banking bailout. Someone on €50,000 in 2008 had take-home pay of roughly €36,300. By 2011 the after-tax income would have fallen to €33,400, a drop of almost €2,900.