1: A form of taxation where tax is deducted from your paycheque before you even get it.
2: In Celtic Tiger Ireland, a term of derision for people who do proper work for reasonable pay, instead of making silly money trading in stocks or property or doing weird things with money involving multiple bank accounts and mortgages.
12 step recovery jargon referring to someone new who talks about how great life is, now that they're sober. Usually meaning that the person is out of touch with reality.
The new guy seems pretty happy for a dude who has no job, no money and no family. He must be on a pink cloud.