Assuming any of their sponsors are still paying tax in this country, that is..The top rate taxpayers would see their marginal rate fall from 52% to 48.5%.
However, all other income groups would lose out, unless there was a compensating mechanism, such as higher top income tax rates.
Who feeds the Dog the bone?@ Charley - the minister for finance announced this last year in his budget speech. The change itself is not news, its how it is proposed to be implemented which is the news and this is what the ESRI is commenting on so it is untrue to state the ESRI want to replace PRSI with a "Social Charge"
Its more like an employment tax because its paid by the company out of current account wether profit is made or not.
Have no doubt that the benefits will be reduced.A good point raised by Sean O'Rourke on News at One - If everyone is now paying will they become entitled to all the benefits? At present groups like the self employed and PS workers recruited before 1995 pay reduced PRSI for reduced benefits. If we now charge them the same as the rest of us will they be entitled to the OAP, dental and optical benefits, dole etc?
Yeah, perfectly simple solution. We just need to buy more money printing presses.Soitistheleveltowhichinterestrateshavefallenthatisunprecedented.I
This crisis intensifieddramatically in theautumnof 2008whenthebanking
system came close to total collapse. That would have been an outcome
comparable in its impact to the failure of the system for electricity supply.
reduce the chances of this sort of banking crisis. That is one of the issues I
be broadened beyond a focus on inflation is one that deserves to be taken