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

[Kevin Doyle]

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.

Proportionately speaking you do.

Millionaires paying less than 20% tax show in real terms is also happens, quite frequently too according to the Governments own figures.

[Kevin Doyle]

They should take this quiz:

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

Well, even he made this statement "Ireland was already one of the lowest taxers in the OECD in 2000 and yet it cut its taxes by twice as much as any other economy".

We all need to pay more taxes, broaden and stabilise the tax base whilst introducing equitable and where possible strategic cuts.

If any one has any faith in the Government to handle this correctly they are dreaming. They are the very same bunch of idiots that got us where we are.

[smitchy2]

Well, even he made this statement "Ireland was already one of the lowest taxers in the OECD in 2000 and yet it cut its taxes by twice as much as any other economy".

We all need to pay more taxes, broaden and stabilise the tax base whilst introducing equitable and where possible strategic cuts.

If any one has any faith in the Government to handle this correctly they are dreaming. They are the very same bunch of idiots that got us where we are.

We certainly do. I expect that as well as wealth taxes the tax bands will have to be widened to go back to where we were in 2003 levels. October figures show that despite the imposition of the levies that less and less revenue is coming in with the marginal rate of tax.
I expect that the band widening will happen next year.

However, like any company you have to cut back on your costs in terms of crisis.
I think sharing the cuts by reducing pay, social transfers and expenditure is reasonable enough.
I don’t blame people involved in the PS to be outraged but at the end of the day taxpayers cannot afford the current amount that they are spending on it.

Fair point on the FF goons as well but you were happy enough when they were throwing money everywhere.

[Tombo]

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.

You need an English comprehension course. That doesn't say what you think it does.

[Tombo]

So at what level does this supposed 52% marginal rate kick in?

Marginal rate of 51 from around 36k to 75K. From 75k the marginal rate is around 50 up to 175k and then 52% above that.

All but about 36k of my income is taxed at a marginal rate of 50% or more.

Nothing supposed about it.

[Kevin Doyle]

October figures show that despite the imposition of the levies that less and less revenue is coming in with the marginal rate of tax..

Two things to consider here, the Governments projections where wrong for both tax receipts and unemployment and now FG are claiming they’re out by as much as 80,000. That’s a hell of lot of lost income tax. Secondly only certain jobs return taxes at the marginal rate, perhaps as the recession deepens we are seeing more and more of these high end jobs being lost proportionately within the total numbers unemployed.

Fair point on the FF goons as well but you were happy enough when they were throwing money everywhere.

No, I wasn't. I knew FF would make a mess of it and they did, spectacularly.

But what is similarly spectacular is that has all been forgotten in the current divide and conquer strategy the Government has employed. I believed the Irish people would see straight through this smokescreen but judging by the evidence on display thus far that does not seem to be the case.

[Didimus]

You need an English comprehension course. That doesn't say what you think it does.

Enlighten me as to what I think it says and as to what it actually says.

[Kevin Doyle]

Marginal rate of 51 from around 36k to 75K. From 75k the marginal rate is around 50 up to 175k and then 52% above that.

All but about 36k of my income is taxed at a marginal rate of 50% or more.

Nothing supposed about it.

Em, you said this

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

Can you not see the glaring contradiction?

[Tombo]

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.

You dipstick.

Did you even bother to llok at the number of cases involved - around 200.

That represents a group of select and priviliged individuals (including "artists" etc.) who get special treatment. They are not the norm.

[Tombo]

Em, you said this



Can you not see the glaring contradiction?

What contraditiction? I pay different marginal rates across different ranges of my income. The total amount paid is an average of around 44% of my total income.

THe government takes €44 of every €100 I earn.

If there was a tax on stupidity Ireland would solve it budgetary problems in one swoop.