FG looking to Raise the rate at which the higbher tax if payable to 50k

fliball1234

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Just wanted to get opinion on this Hayser of FG was on talking about it on NT this morning and he made a very valid argument for this strategy to be implemented over the next 7/8 years.

A figure that baffled me was that income tax take has almost doubled from 11billion to 20billon in the the last 10 years, so surely it is time to stop punishing people for working?
 


Spanner Island

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€50K is still low imo... and way lower than elsewhere... which means the current rate is ludicrously low.
 

Volatire

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awesome, but no tax rate in the country should exceed 10%.
 

hammer

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€50K is still low imo... and way lower than elsewhere... which means the current rate is ludicrously low.
I believe FFAIL in connection with their best pals the IMF cut the standard rate tax band by 10%

They had then planned to lower it again.

Thankfully FG were elected.

Thankfully FG increased it in 2018 budget by €750

We really need to get it to €40,000 asap.

Saying all that the wage demands in the PS could scupper that together with HSE over runs :(
 

ger12

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Middle Ireland will be delighted.
 

hammer

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Middle Ireland will be delighted.
Indeed.

Thankfully FG look after everyone

Minimum wage - increased 2,3 or 4 times at this stage
USC - Cuts all round
PRSI - cut for all low paid
Standard rate widened

On the other hand FF did what exactly ?
 

fliball1234

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Or we could spend that money on infrastructure.
no thanks I would rather have it in my pocket we pay more than enough to cover infrastructure even if the changes were made in one budget. Our spend needs to be looked at
 

PBP voter

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PBP voter

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Or we could spend that money on infrastructure.
If we banned once off housing,encouraged people to move into towns and stop the sprawl in Dublin we could save billions in infrastructure.

Once off housing now
Insanity later.
 

hammer

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Social Justice, Nevin Institute, ESRI will be telling us - CAUTION.

More disposable income could lead to a boomier economy, more injustice and greater chance that house prices could increase further.
 

hammer

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With the economy "flying" ESRI would prefer higher taxes........

Economics is an unusual science.
 

Roll_On

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If we banned once off housing,encouraged people to move into towns and stop the sprawl in Dublin we could save billions in infrastructure.

Once off housing now
Insanity later.
That's great and all but living in Irish Cities is very difficult at present due to poor/no infrastructure. It's taken 7 years just to get Dublin city's bike scheme out as far as Stoneybatter!!

We've had 9 years of leap cards and still no integrated ticketing. Walking remains the fastest way to get from one part of Central Dublin to another in many cases. Very little rail coverage, infrequent DARTs, Quaint double decker buses with single door operation are the main mode of transport and that's sharing roadspace with private vehicles.
 

Trainwreck

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Just wanted to get opinion on this Hayser of FG was on talking about it on NT this morning and he made a very valid argument for this strategy to be implemented over the next 7/8 years.

A figure that baffled me was that income tax take has almost doubled from 11billion to 20billon in the the last 10 years, so surely it is time to stop punishing people for working?
They increased the top rate.


The correct remedial policy is to now reduce it again.
 

firefly123

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With the economy "flying" ESRI would prefer higher taxes........

Economics is an unusual science.
Counter cyclical stuff innit.

Tax when loaded. Drop tax when times are bad.

We are not very good at this in Ireland. We like our sweeties now
 

Gin Soaked

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That's great and all but living in Irish Cities is very difficult at present due to poor/no infrastructure. It's taken 7 years just to get Dublin city's bike scheme out as far as Stoneybatter!!

We've had 9 years of leap cards and still no integrated ticketing. Walking remains the fastest way to get from one part of Central Dublin to another in many cases. Very little rail coverage, infrequent DARTs, Quaint double decker buses with single door operation are the main mode of transport and that's sharing roadspace with private vehicles.
In fairness, if you are travelling less than 2kms in any city, walking is your best bet in terms of speed. Unless you have a saturation of trams and no cars.

Dart needs more investment and we need a rail link to the airport and more inventive bus routes.
 

Catalpast

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No one should have to pay more than 10% of their personal salary to the Taxman

Tax compliance is the Big Issue

- not the rates of tax
 

Volatire

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Many talented, experienced people simply cannot be bothered to work full time because of punitive levels of taxation.

Cutting the higher rate of tax will bring more people back into the workforce.

Badly needed.
 


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