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Surely it's time that some high earners are taxed the same as those on much less pay? Surely it's time that some high earners are taxed the same as those on much less pay?
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Surely it's time that some high earners are taxed the same as those on much less pay?

This is a discussion on Surely it's time that some high earners are taxed the same as those on much less pay? within the Economy forums, part of the Topical Discussion category on Politics.ie. Originally Posted by ManOfReason Do you really think that any toilet clean in this country (with the possible execption of ...
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Old 4th November 2009
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Originally Posted by ManOfReason View Post
Do you really think that any toilet clean in this country (with the possible execption of those working in the PS) pays any tax?
Are you taking the piss?
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  #12 (permalink)  
Old 4th November 2009
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40% of my income is taken from me via tax. Don't tell me a minimum wage working paying 2% tax is paying too much.

We need to increase tax on the low earners, primarily because there are so many of them that even a 2k increase a year would raise close to a billion euro.
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Old 4th November 2009
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Originally Posted by bobbysands81 View Post
everyone earning between €250-500,000 used reliefs to ensure they paid less than 20 per cent tax"
!!!!!!!Credibility alert!!!!!!!

I earn between 250 and 500k per annum. I pay an effective 44% in tax (including all PRSI, income levies, health levies etc.)

I must start consulting this bloke for tax advice on where I can find these mythical "reliefs" that will save me more than €70,000 per annum.
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Old 4th November 2009
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Originally Posted by bobbysands81 View Post
Dave Thomas of the AHCPS is in the Times today stating that "between €300 and €400 million could be generated by closing property incentives and tax reliefs introduced when the construction sector was booming."

He says that "four in five people earning over €500,000 had an effective tax rate of less than 20 per cent, while everyone earning between €250-500,000 used reliefs to ensure they paid less than 20 per cent tax"

Surely it's time to close this loop up?

I'm on a wage of circa 50k, 34% of my total pay goes back to the Govt in income tax and mandatory levies, isn't it time that folks earning a multiple of my wage were treated the same? Surely the people earning these amounts, and paying less % of their wages in tax, should be the first to be hit?

How can the Govt sell tax increases or pay decreases to me when those earning a multiple of what I am are not touched?

Call for tax relief clampdown - The Irish Times - Wed, Nov 04, 2009
Agreed, however, the amount you can collect there is low. Also, you need to allow some incentives to create employment. Otherwise, people wont bother. Finally, there are far too many in the society who are NOT paying any tax at all because theyre below the thresholds. If you live in a society and are benefitting from it, you should also contribute. the Govt needs to introduce a 10% tax rate for the lower paid.
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Old 4th November 2009
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Agreed, however, the amount you can collect there is low. Also, you need to allow some incentives to create employment. Otherwise, people wont bother. Finally, there are far too many in the society who are NOT paying any tax at all because theyre below the thresholds. If you live in a society and are benefitting from it, you should also contribute. the Govt needs to introduce a 10% tax rate for the lower paid.
The bottom 40% of income earners don't pay any income tax though.

Reality





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Perception
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Old 4th November 2009
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Originally Posted by bobbysands81 View Post
I'm on a wage of circa 50k, 34% of my total pay goes back to the Govt in income tax and mandatory levies,
Are you including the "Public Service" pension levy in that 34%?

If so I can count my pension contributions as well and my 44% rises to 60%.
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Old 4th November 2009
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Originally Posted by Tombo View Post
!!!!!!!Credibility alert!!!!!!!

I earn between 250 and 500k per annum. I pay an effective 44% in tax (including all PRSI, income levies, health levies etc.)

I must start consulting this bloke for tax advice on where I can find these mythical "reliefs" that will save me more than €70,000 per annum.
I'm not on anywhere near that but still pay 40%. Where do people get their figures from, I think they honestly believe the more you earn the less percentage income tax you pay.
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Old 4th November 2009
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Originally Posted by Tombo View Post
!!!!!!!Credibility alert!!!!!!!

I earn between 250 and 500k per annum. I pay an effective 44% in tax (including all PRSI, income levies, health levies etc.)

I must start consulting this bloke for tax advice on where I can find these mythical "reliefs" that will save me more than €70,000 per annum.
You might have a look here
http://www.finance.gov.ie/documents/...restrict09.pdf

To quote:
"The overall objective was to ensure that, from 2007, individuals with an adjusted income exceeding €500,000 (i.e. where the full restriction applies) would pay an effective rate of approximately 20 per cent on a combination of adjusted income and ring-fenced income. That objective has been achieved. Where adjusted income is less than €500,000, a tapering approach ensures that there is a graduated introduction of
the restriction, with the effective rate of tax increasing towards 20 per cent as adjusted income increases towards €500,000."

You need better advice.
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Old 4th November 2009
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Originally Posted by Tombo View Post
!!!!!!!Credibility alert!!!!!!!

I earn between 250 and 500k per annum. I pay an effective 44% in tax (including all PRSI, income levies, health levies etc.)
So at what level does this supposed 52% marginal rate kick in?
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Old 4th November 2009
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Originally Posted by toughbutfair View Post
I'm not on anywhere near that but still pay 40%. Where do people get their figures from, I think they honestly believe the more you earn the less percentage income tax you pay.
They should take this quiz:

A little quiz on Ireland’s income tax | Ronan Lyons
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