Still waiting for Leo to keep his election promise to raise the 40% tax band to 50K.
Getting rid of USC would be a start
Hopefully actually makes odds to single professionals, 20% up to 50k , 30% rate from 50 up to 75/100k would be ideal
Sure Leo….we believe you.
He couldn’t lie straight in bed
Constant warnings from economists and the ESRI that we have an over reliance on corporation tax and that the tax base is too narrow.
Leo: let’s make the tax base narrower.
Instead of reducing taxes they should be looking at targeted measures to reduce the cost of living and make our society better.
Now who’s populist
Keep my taxes, build fucking housing and fix the healthcare system.
This is some pretty desperate kite flying from Leo now.
What might be better
1. Investment in public transport and /or lowering bus and rail fares
2. Spending on EV charging
3. Spending on services for disabled kids
And probably lots more.
Just once I’d love to see an Irish politician come out and say “yeah,we hear you, but while we can save you call €200 a year or give you a €100 energy credit there’s a few thousand disabled kids who can’t access basic stuff we all take for granted and concentration of quite small spread out concessions into this sub group would be transformative and frankly, it’s better for us to deal with that. So vote me out if you want, but I’m more concerned with helping some kid read or walk than votes.”
Ideally we need more than one new tax band
Is this like last year when we got a “substantial tax credit increase” and I ended up with 18 euros extra a month.
They need to shoover the higher tax bracket into the 50-60k region for me even to consider it to be substantial….
As much as I could use an extra 70/80 quid a month, there are so many issues, I’d rather have the government fix one or two of them. Plus we can’t rely on corporate tax….
The reduction in taxes are not going to bring down the cost of living expenses, yes I’ll save that extra €7.00 a week but that will taken away with the increase of electricity or the price of bread or some other expense
Monorail, monorail, monorail
I not really looking for a substantial income tax cut. This won’t benefit low wage workers, as the percentages are so fine anyway. Of course, if your on 100k plus a substantial income tax reduction will mean a big difference.
I want my taxes to go some where and do something. And lower tax on fanny pads and implement tax on weed. Put in a big tax on empty properties. Tax the church to the hilt.
Would rather pay tax and have some shit actually fixed tbh.
‘Another option would be to expand the new 30% rate up to incomes of
€46,800. This would cost €945m a year and benefit a single taxpayer by
approximately €19 a week.’
Why does this wording for this sentence bother me, who is it costing for us to hold an extra 20 quid a week on our wages? It would be more appropriate to state ‘Money we’re not taking off you’
This is nothing other than panic measures as Sinn Fein backing rises. Pandering to the voters and making it seem like they actually give a shit.
The usual pre election guff to buy voters they otherwise screwed throughout the term. If noone can buy a house, then no amount of increase is going to change that.
I’m going to blow the saving on some takeaway coffee and possibly some avocado toast
€500-1000 less tax a year depending which option they go with. That isn’t substantial. The 40% threshold is far too low.
36k does not make you a high earner in this country. It means you are probably scraping by every month, especially if you support a family.
Last budget i gained a extra 50 a month.
My electric bill also went to 300+ euros a month up from 200+
Luckily my work is generous with the raises and promotions is still a thing but if it werent for that i dont know how anyone doesnt get disheartened quickly in ireland
I’ve been playing nationstates.net to try out different strategies. I’ve been trying to be reasonable this time and ended up as a Scandinavian Liberal Paradise.
The tax rate is 69%. Oops.
You can see the different lobbyist’s slants, and you can see when they ask the government to subsidise something. And many well-meaning choices end up with a slant. I chose not to over-police what was broadcast on tv, and the resulting message said “the country’s children are well educated in smut.”
If there’s a reduction in one place, maybe close some loopholes elsewhere? Can’t just reduce what we have for votes.
This seems economically reckless in an inflationary environment. My reading of the current economic environment is that the post COVID market has seen a glut of savings from the lockdown enter into the economy again jacking up inflation, this isn’t the sole reason but the long and short of it being there’s too much money in circulation. Now the government plan to cut taxes putting more money in circulation which will only add to the problem in the long run. How the economic council haven’t broken out the wooden spoon to smack them is beyond me. The more prudent measure to me would be to implement price controls on the areas that are spiraling upwards (rents, heating in the near future etc), which would better help people’s bottom line then these tax cuts without adding to inflation as long as they’re removed at the correct time and at a correct pace. The government aren’t going to do this but want to seem to be doing things and so tax cuts. But populists are bad eh Leo
We need a fairer tax system overall. In my case for instance I would like to share my partners tax credits without marriage. We are 15+ years together with a house and three kids. I’m the sole worker and it would really help us out. As far as they’re concerned and for tax purposes I’m single. Cohabitation is not recognised (but it is for social welfare). It’s recognised when it suits them.
Just give us affordable services ffs. I don’t want more disposable income. I want my family to be able to be seen when going into A and E
I hate to be “that guy” but €15 a week is not going to cut it.
If welfare recipients are getting approx the same (which has been said) then someone who actually works and contributes to the states finances should be getting at least double that amount.
If FFG gave me a house close to work, built a metro to Dublin airport, and make the country a carbon-neutral net exporter of energy, all by December, I still wouldn’t vote for them.
Read: Tax reduction on individuals of substantial income.
31 comments
30% tax band sounds like a good idea
Still waiting for Leo to keep his election promise to raise the 40% tax band to 50K.
Getting rid of USC would be a start
Hopefully actually makes odds to single professionals, 20% up to 50k , 30% rate from 50 up to 75/100k would be ideal
Sure Leo….we believe you.
He couldn’t lie straight in bed
Constant warnings from economists and the ESRI that we have an over reliance on corporation tax and that the tax base is too narrow.
Leo: let’s make the tax base narrower.
Instead of reducing taxes they should be looking at targeted measures to reduce the cost of living and make our society better.
Now who’s populist
Keep my taxes, build fucking housing and fix the healthcare system.
This is some pretty desperate kite flying from Leo now.
What might be better
1. Investment in public transport and /or lowering bus and rail fares
2. Spending on EV charging
3. Spending on services for disabled kids
And probably lots more.
Just once I’d love to see an Irish politician come out and say “yeah,we hear you, but while we can save you call €200 a year or give you a €100 energy credit there’s a few thousand disabled kids who can’t access basic stuff we all take for granted and concentration of quite small spread out concessions into this sub group would be transformative and frankly, it’s better for us to deal with that. So vote me out if you want, but I’m more concerned with helping some kid read or walk than votes.”
Ideally we need more than one new tax band
Is this like last year when we got a “substantial tax credit increase” and I ended up with 18 euros extra a month.
They need to shoover the higher tax bracket into the 50-60k region for me even to consider it to be substantial….
As much as I could use an extra 70/80 quid a month, there are so many issues, I’d rather have the government fix one or two of them. Plus we can’t rely on corporate tax….
The reduction in taxes are not going to bring down the cost of living expenses, yes I’ll save that extra €7.00 a week but that will taken away with the increase of electricity or the price of bread or some other expense
Monorail, monorail, monorail
I not really looking for a substantial income tax cut. This won’t benefit low wage workers, as the percentages are so fine anyway. Of course, if your on 100k plus a substantial income tax reduction will mean a big difference.
I want my taxes to go some where and do something. And lower tax on fanny pads and implement tax on weed. Put in a big tax on empty properties. Tax the church to the hilt.
Would rather pay tax and have some shit actually fixed tbh.
‘Another option would be to expand the new 30% rate up to incomes of
€46,800. This would cost €945m a year and benefit a single taxpayer by
approximately €19 a week.’
Why does this wording for this sentence bother me, who is it costing for us to hold an extra 20 quid a week on our wages? It would be more appropriate to state ‘Money we’re not taking off you’
This is nothing other than panic measures as Sinn Fein backing rises. Pandering to the voters and making it seem like they actually give a shit.
The usual pre election guff to buy voters they otherwise screwed throughout the term. If noone can buy a house, then no amount of increase is going to change that.
I’m going to blow the saving on some takeaway coffee and possibly some avocado toast
€500-1000 less tax a year depending which option they go with. That isn’t substantial. The 40% threshold is far too low.
36k does not make you a high earner in this country. It means you are probably scraping by every month, especially if you support a family.
Last budget i gained a extra 50 a month.
My electric bill also went to 300+ euros a month up from 200+
Luckily my work is generous with the raises and promotions is still a thing but if it werent for that i dont know how anyone doesnt get disheartened quickly in ireland
I’ve been playing nationstates.net to try out different strategies. I’ve been trying to be reasonable this time and ended up as a Scandinavian Liberal Paradise.
The tax rate is 69%. Oops.
You can see the different lobbyist’s slants, and you can see when they ask the government to subsidise something. And many well-meaning choices end up with a slant. I chose not to over-police what was broadcast on tv, and the resulting message said “the country’s children are well educated in smut.”
If there’s a reduction in one place, maybe close some loopholes elsewhere? Can’t just reduce what we have for votes.
This seems economically reckless in an inflationary environment. My reading of the current economic environment is that the post COVID market has seen a glut of savings from the lockdown enter into the economy again jacking up inflation, this isn’t the sole reason but the long and short of it being there’s too much money in circulation. Now the government plan to cut taxes putting more money in circulation which will only add to the problem in the long run. How the economic council haven’t broken out the wooden spoon to smack them is beyond me. The more prudent measure to me would be to implement price controls on the areas that are spiraling upwards (rents, heating in the near future etc), which would better help people’s bottom line then these tax cuts without adding to inflation as long as they’re removed at the correct time and at a correct pace. The government aren’t going to do this but want to seem to be doing things and so tax cuts. But populists are bad eh Leo
We need a fairer tax system overall. In my case for instance I would like to share my partners tax credits without marriage. We are 15+ years together with a house and three kids. I’m the sole worker and it would really help us out. As far as they’re concerned and for tax purposes I’m single. Cohabitation is not recognised (but it is for social welfare). It’s recognised when it suits them.
Just give us affordable services ffs. I don’t want more disposable income. I want my family to be able to be seen when going into A and E
I hate to be “that guy” but €15 a week is not going to cut it.
If welfare recipients are getting approx the same (which has been said) then someone who actually works and contributes to the states finances should be getting at least double that amount.
If FFG gave me a house close to work, built a metro to Dublin airport, and make the country a carbon-neutral net exporter of energy, all by December, I still wouldn’t vote for them.
Read: Tax reduction on individuals of substantial income.