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Do people REALLY believe this is a low tax economy?


Disillusioned democrat

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Joined
Mar 16, 2010
Messages
15,736
I just did a 60 second tot on my P60 that I just received this evening and was genuinely shocked to realise that the government was earning more from my labour than I am....10% more to be precise.

I get to take home 45% of my gross salary - albeit including Employer PRSI on the basis that it's still a tax on MY labour.

The government take 55% of the cost of employing me to spend on public services and it's seeming still NOT ENOUGH, they're all running around delighted that we're back in the bond markets to BORROW more money that I'll have to pay off later, from my pension, savings from net salary, etc.

It's completely obscene that the government can sit smugly around the cabinet when we're being ripped off to this extent, and all the worse that the international banksters are prepared to pour more money into the blackhole that will have to be paid off at some stage.

All of a sudden a few days/weeks/months of the ATMs running dry in 2008 seeems like a small price to pay for avoiding the ongoing financial rape we're suffereing now.
 


hammer

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Joined
Jul 6, 2009
Messages
58,506
You must be doing something wrong.

Absolutely no way that income tax, usc & prsi should exceed 50% of your salary.

Did you get your annual tax credits ?
 

neiphin

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Aug 23, 2009
Messages
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+ 1

hbap and hammer will be along in a few minutes to accuse you of been a dirty shinner
 

Disillusioned democrat

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Joined
Mar 16, 2010
Messages
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You must be doing something wrong.

Absolutely no way that income tax, usc & prsi should exceed 50% of your salary.

Did you get your annual tax credits ?
Included employers PRSI because realistically that's a tax on my labour also - if they didn't have to pay the government they could be paying me!!!
 

joemac67

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Joined
Nov 20, 2012
Messages
681
I just did a 60 second tot on my P60 that I just received this evening and was genuinely shocked to realise that the government was earning more from my labour than I am....10% more to be precise.

I get to take home 45% of my gross salary - albeit including Employer PRSI on the basis that it's still a tax on MY labour.

The government take 55% of tye cost of employing me to spend on public services and it's seeming still NOT ENOUGH, they're all running around delighted that we're back in the bond markets to BORROW more money that I'll have to pay off later, from my pension, savings from net salary, etc.

It's completely obscene that the government can sit smugly around the cabinet when we're being ripped off to this extent, and all the worse that the international banksters are prepared to pour more money into the blackhole that will have to be paid off at some stage.

All of a sudden a few days/weeks/months of the ATMs running dry in 2008 seeems like a small price to pay for avoiding the ongoing financial rape we're suffereing now.

In 1983 they had 69% of my income so be happy , in 1984 the had 0% , still think of all those wonderful public servants you are paying for
 

Grumpy Jack

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Oct 26, 2008
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6,090
It's a low income tax economy for those earning less that €35k - above that, it's at the higher end in the OECD.
 

SPN

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Feb 2, 2004
Messages
16,891
It's not a low tax economy. The Irish tax take is above the EU average.

But it is a high spend economy - up there with Germany, Holland and Austria.

The difference (39% last year) comes from borrowings.

We've spent 8 years tax take in the last 5 years.

Keep her lit!
 

Disillusioned democrat

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Mar 16, 2010
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It's a low income tax economy for those earning less that €35k - above that, it's at the higher end in the OECD.
I know, but our esteemed public representatives, union bosses, etc., all pretend we're all "low tax" payers when talking up "wealth taxes" as the panacea for the mess they've made of managing our economy, our taxes - it's a complete farce.
 

neiphin

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Aug 23, 2009
Messages
5,585
I know, but our esteemed public representatives, union bosses, etc., all pretend we're all "low tax" payers when talking up "wealth taxes" as the panacea for the mess they've made of managing our economy, our taxes - it's a complete farce.
you have not factored in taxes and vat which have to come out of your net
i doubt that you have 5% of your gross for luxarys
 

Disillusioned democrat

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Mar 16, 2010
Messages
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Spot on. Look at this:

Economic Incentives: Is Ireland low-tax? Again!

And income tax a percent of GDP puts us eighth in the EU



Use GNP, which is what individual income tax is more properly based on, and we are even higher.
What that table demonstrates is the absolutely insane concentration of tax taken from "high earners" although to be honest by most standards I wouldn't have seen myself as a particularly "high earner".
 

corporal punishment

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Nov 22, 2010
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2,878
I did a project at work before christmas for which I was paid a €400 bonus. I got my payslip this morning. After tax, I recieved €184 of the bonus. Revenue commissioners got the rest. Low tax economy my arse.
 

Big Brother

Well-known member
Joined
Feb 2, 2011
Messages
2,732
I just did a 60 second tot on my P60 that I just received this evening and was genuinely shocked to realise that the government was earning more from my labour than I am....10% more to be precise.

I get to take home 45% of my gross salary - albeit including Employer PRSI on the basis that it's still a tax on MY labour.

The government take 55% of the cost of employing me to spend on public services and it's seeming still NOT ENOUGH, they're all running around delighted that we're back in the bond markets to BORROW more money that I'll have to pay off later, from my pension, savings from net salary, etc.

It's completely obscene that the government can sit smugly around the cabinet when we're being ripped off to this extent, and all the worse that the international banksters are prepared to pour more money into the blackhole that will have to be paid off at some stage.

All of a sudden a few days/weeks/months of the ATMs running dry in 2008 seeems like a small price to pay for avoiding the ongoing financial rape we're suffereing now.


Not even ICTU/Labour/TASC and their fans in RTE believe that BS.

RTE presenters side step our socialist tax laws (while themselves preachign socialism) by incorporating themselves so they only pay 12.5%

They then provide platforms for those living off taxpaeyrs to argue for even higher taxes to fund croke pk/quangos/vast empire of bureaucratic waste that they live off.

It's how the social democratic system works: By screwing hard working productive people and lavishing money on waste
 

Disillusioned democrat

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Mar 16, 2010
Messages
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you have not factored in taxes and vat which have to come out of your net
i doubt that you have 5% of your gross for luxarys
Indeed - I have to admit that this is probably one of the first times I've really looked at a P60 and worked it out, and as you say, that's just the beginning, before VAT, stamp duty, carbon tax, VRT, motor tax, etc. and all for so very very little in return except a sense of foreboding and loathing of my "leaders", none of whom I respect of would employee to work for me.

Ireland is really, really phucked.
 

Disillusioned democrat

Well-known member
Joined
Mar 16, 2010
Messages
15,736
Not even ICTU/Labour/TASC and their fans in RTE believe that BS.

RTE presenters side step our socialist tax laws (while themselves preachign socialism) by incorporating themselves so they only pay 12.5%

They then provide platforms for those living off taxpaeyrs to argue for even higher taxes to fund croke pk/quangos/vast empire of bureaucratic waste that they live off.

It's how the social democratic system works: By screwing hard working productive people and lavishing money on waste
Indeed - much as I believe my tax to be excessive - there has to be two other mugs like me doing the same just to keep B-b-b-bertie Ahern's pension payments coming in.
 

neiphin

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Joined
Aug 23, 2009
Messages
5,585
@ disillusioned

the system does not include fuel and tobacco when calculation inflation
 

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