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About LinkBacksThe case against a flat tax: http://mises.org/rothbard/flattax.pdf
The case against a flat tax: http://mises.org/rothbard/flattax.pdf
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"Any fool can make something complicated. It takes a genius to make it simple." - Woody Guthrie
Getting rid of Gurdgiev might be better!!Originally Posted by toughbutfair
'We are all lying in the gutter but some of us are looking at the stars'
Vincent Browne has constantly stated that the top 5% or so only pay about 20%(I can't remember the exact figure but it was around that) tax, through legal evasion, and that this 20% of the top 5% is actually the majority of the total tax take. If we take this as fact then the very big shots won't actually be affected, rather the next 25% or so after them.
I've recently started a job where, for the first time in my life, I will end up paying the top rate of tax (probably next year) and I have to admit that I'm looking at it all a little differently now.
All this talk of who should get taxed what avoids the bigger question of why a few people earn vast multiples of what the majority do.
Because they're doing jobs, by and large, that the vast majority of the population are not qualified and/or not capable of doing. Whereas anybody could be a bin man/cleaner/work on a till etc. It's not rocket science.
While a flat tax would be lovely in theory and would be much easier administratively, no one has enough political capital to implement such a policy.
Yip, on his salary that would be a lovely effective payrise....does he include himself in that innovative bracket that this tax rate would supposedly incentivise.
Voters don't decide issues, they decide who will decide issues.
George Will
Vincent Browne is wrong there
Either he is deliberately lying, or an ignorant idiot
cYp
"Yawn , am I alive yet ?"
you should go on his show and challenge him directly on it so.
Voters don't decide issues, they decide who will decide issues.
George Will
Ireland’s top 0.5% of earners, the 11,714 people who earned more than €275,000 in a year, paid almost 18% of all income tax, over €2bn in total. Their average tax rate was 27.5%.
A little quiz on Ireland’s income tax | Ronan Lyons
...How would he get on the show? VB often comes out with facts that really aren't facts, he gets away with it on live tv because you can't pull files out of your arse to disprove it so it becomes his word v. somebody else.
What about a 25% tax on all income, but combined with a EUR 3 per hour work subsidy (up to 35 hours a week). Both the tax and the subsidy would apply equally to everyone (though maybe allow a married couple to combine their subsidy, if only 1 is working).
This means that if you work 35 hours a week, you get a yearly subsidy of
35*52*3 = EUR 5460
Someone on 20k a year would pay
25% of 20k = EUR 5,000
This eliminates the poverty trap and is totally fair, since it affects everyone equally.
People on 20k or below would end up getting more from the subsidy than they pay in taxes.
However, they would still get to keep 75 cents on every Euro extra they earn, so there is no poverty trap.
The idea is to make it completely simple and have no loop holes.
Also, if the tax rate goes up, then everyone loses money, so there is an incentive to keep the tax rate low.
It would encourage wealthy people to come to Ireland from the rest of the EU.
The government spent EUR 50 billion last year, so it spends roughly EUR 10,000 per person in the country. Any extra person who earns 100k+ that we attract to the country would pay EUR 20k in income taxes alone and only cost us EUR 10k, so it is a net win, even excluding other taxes.
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