It’s at the stage where 100k p/a is not even enough now to support a family
You’re Welcome.
For context (and those too lazy to read the article) the top 10% are those earning over €102,000 per annum
Additionally the top 1 per cent of earners are earning €290,000 and above and account for almost 24.4 per cent of tax receipts.
This says more about how shite our average pay is then anything
good
And yet it is a popular refrain in Ireland that the system is designed to benefit “the rich”. In fact, Ireland leverages extremely high tax rates on upper earners, not to mention very high VAT and very high cap gains.
>“The risk is that high marginal tax rates may have adverse consequences inter alia for work incentives and competitiveness including the ability to attract inward investment linked to the availability of high-skilled workers,” it said.
The higher marginal tax rates clearly have not done this so no problem! I suppose FG will still want to whistle to the higher earners that they’re hard done by to get votes.
Tax is just too high atm. 100k is not enough for a family of three now a days.
[removed]
They should all be legally obligated to wear top hats so they can be thanked routinely.
It’s all going into the pockets of those already wealthy who have jumped on the bandwagon of housing asylum seekers in order to get govt handouts to the tune of millions of euros. RTE is due a bailout as well which is just laughable. Its not going to public services or house building, that’s for sure
Just imagine paying that much tax (among highest in the world ) with such crappy public service in transport, healthcare ,housing etc . How can people be happy with it ?
I’d have no problem with that if the money was well spent and the actual rich fucks would pay their taxes instead of evading tax.
For context, that’s me.
My take: if we are annoyed at the redistrubution of wealth in society, we should be keeping public lists of companines who pay below a living wage because taxpayers are basically subsidising their underpaid labour and crap business plans.
Can’t afford pay a living wage? Go re-work that business plan, bucko.
I feel like the country is going to be in for a really, really fucking rough time at some point in the future due to how obscenely heavily we rely on a very small number of individuals and companies to provide such an outsized amount of the tax revenue for the state.
If we ever go through anything even remotely similar to the GFC the country will be absolutely destroyed if those individuals/companies leave.
There’s a concentration risk here. Many of the best paid jobs are in the multinational sector, which also gives us all of that lovely corporation tax money. And our foreign direct investment is concentrated in a few companies and industries. A downturn in a handful of companies, layoffs and such, will significantly impact us.
That’s pretty sound. The top 1%. Great bunch a lads.
Tax rates should be based on wealth not on income. It never felt right to be slapped with high tax while trying to save for a house or retirement to secure yourself a secure life.
The problem is that society does not work in that way and the wealthy have more leverage and influence.
Another incredibly dishonest headline by the Irish Times. Immediately below that headline:
>The top 10 per cent of income earners in Ireland *will* account for almost two thirds of the income tax and USC (universal social charge) collected this year, according to the Government’s high-level tax strategy group.
So this is all on paper and not accounting for the typical tax-dodging fuckery we’ve come to expect from the top 10%. I’d like to know how much they have *actually* paid in previous years.
Now imagine that two thirds of your rent is going to Revenue and you only get €500 per year back.
Does Ireland not have progressive taxation?
is this not why we have a progressive tax system those who benefit the most from society pay the most
23 comments
That’s absolutely insane
It’s at the stage where 100k p/a is not even enough now to support a family
You’re Welcome.
For context (and those too lazy to read the article) the top 10% are those earning over €102,000 per annum
Additionally the top 1 per cent of earners are earning €290,000 and above and account for almost 24.4 per cent of tax receipts.
This says more about how shite our average pay is then anything
good
And yet it is a popular refrain in Ireland that the system is designed to benefit “the rich”. In fact, Ireland leverages extremely high tax rates on upper earners, not to mention very high VAT and very high cap gains.
>“The risk is that high marginal tax rates may have adverse consequences inter alia for work incentives and competitiveness including the ability to attract inward investment linked to the availability of high-skilled workers,” it said.
The higher marginal tax rates clearly have not done this so no problem! I suppose FG will still want to whistle to the higher earners that they’re hard done by to get votes.
Don’t cry too hard for them, [The top 10% of the population now owns nearly two thirds of the wealth.](https://www.rte.ie/news/business/2023/0116/1346849-1-of-irish-population-owns-27-of-the-wealth-oxfam/) so paying two thirds of the income tax and USC is actually a fairly good deal, they could be paying more and still remain far better off than the bottom 50%.
Tax is just too high atm. 100k is not enough for a family of three now a days.
[removed]
They should all be legally obligated to wear top hats so they can be thanked routinely.
It’s all going into the pockets of those already wealthy who have jumped on the bandwagon of housing asylum seekers in order to get govt handouts to the tune of millions of euros. RTE is due a bailout as well which is just laughable. Its not going to public services or house building, that’s for sure
Just imagine paying that much tax (among highest in the world ) with such crappy public service in transport, healthcare ,housing etc . How can people be happy with it ?
I’d have no problem with that if the money was well spent and the actual rich fucks would pay their taxes instead of evading tax.
For context, that’s me.
My take: if we are annoyed at the redistrubution of wealth in society, we should be keeping public lists of companines who pay below a living wage because taxpayers are basically subsidising their underpaid labour and crap business plans.
Can’t afford pay a living wage? Go re-work that business plan, bucko.
I feel like the country is going to be in for a really, really fucking rough time at some point in the future due to how obscenely heavily we rely on a very small number of individuals and companies to provide such an outsized amount of the tax revenue for the state.
If we ever go through anything even remotely similar to the GFC the country will be absolutely destroyed if those individuals/companies leave.
There’s a concentration risk here. Many of the best paid jobs are in the multinational sector, which also gives us all of that lovely corporation tax money. And our foreign direct investment is concentrated in a few companies and industries. A downturn in a handful of companies, layoffs and such, will significantly impact us.
That’s pretty sound. The top 1%. Great bunch a lads.
Tax rates should be based on wealth not on income. It never felt right to be slapped with high tax while trying to save for a house or retirement to secure yourself a secure life.
The problem is that society does not work in that way and the wealthy have more leverage and influence.
Another incredibly dishonest headline by the Irish Times. Immediately below that headline:
>The top 10 per cent of income earners in Ireland *will* account for almost two thirds of the income tax and USC (universal social charge) collected this year, according to the Government’s high-level tax strategy group.
So this is all on paper and not accounting for the typical tax-dodging fuckery we’ve come to expect from the top 10%. I’d like to know how much they have *actually* paid in previous years.
Now imagine that two thirds of your rent is going to Revenue and you only get €500 per year back.
Does Ireland not have progressive taxation?
is this not why we have a progressive tax system those who benefit the most from society pay the most