Core Viewpoint - The report from AIB indicates that while Ireland's economy shows resilience against short-term trade and foreign direct investment shocks, permanent tariffs or changes in U.S. tax laws could significantly reduce Ireland's attractiveness for foreign direct investment, leading to greater long-term challenges [1] Economic Growth Projections - Domestic demand in Ireland is expected to grow by 2.3% this year, 2% in 2026, and 2.6% in 2027 [1] - The labor market is projected to continue growing, but employment growth is expected to slow down, with rates of 2.7% in 2024, 2% in 2025, 1.5% in 2026, and 1.8% in 2027 [1] Consumer Behavior and Investment - Households in Ireland are anticipated to reduce spending, and some business sectors may delay planned investments, particularly in export-oriented industries [1] - Recent strong consumer spending, along with low overall debt levels in public and private sector balance sheets and high savings rates, are noted as mitigating factors [1] Risks from U.S. Tariffs and Tax Policies - The main downside risks to the Irish economy stem from U.S. tariffs and future U.S. tax policies [1] - Certain domestic export sectors, such as agriculture, are affected by U.S. tariffs, but the primary risks are concentrated in sectors dominated by multinational corporations [1] - Negative spillover effects from the multinational sector could harm domestic output and employment [1] Tax Base Concerns - A key medium-term risk for the Irish economy is the concentration of the tax base in corporate taxes and income taxes from the multinational sector [1]

Do you know your tax bracket? Even if you do, are you clear on what it means for the taxes you'll pay. Real quick: Your tax rate is the percentage of income you pay in taxes, but it isn’t the same for all the money you earn. Different portions of income you earn are taxed at specific rates called tax brackets. For tax years 2025 and 2026, there are seven different tax brackets: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. The Internal Revenue Service (IRS) provides annual inflation adjustments to the income ra ...