Taxes, cuts put squeeze on middle-income families - National News - Independent.ie

Looks like those who paid a lifetime in property tax will be abandoned.

According to the Thornhill report on property tax, there is no recommendation for any relief for those that are saddled with negative equity and huge debts - debts a significant part of which went into paying stamp duty.

The people who wrote this report are obviously all in their late 50s and 60s and bought their house back in the 70s and 80s when stamp duty was just a gleam in the eye of left leaning politicians

Those same politicians will now saddle us with a second property tax to pay for the highest pay and pensions bill in EUrope.

Scandalous.

Anyone that has ever paid stamp duty should get a starting credit for that amount !!!!!

Paid say €4,000 in 2008
Credit - €4,000
Property tax 2013 €400
Carried forward to 2014 -€3,600

Are you surprised?

Maybe the government should just explain to people that because of the crash, each person's personal share of the national debt is 30,000 euro and, one way or another, it needs to be paid.

My personal preference would be a special 5% income tax on everyone, and call it the "Fianna Fail Disaster Tax". Cut the crap on fees/property taxes/rates/etc and get it down to simple terms. Everyone pays, because of Fianna Fail.

This sums up the essence of the state and how it operates.

The phrase "eaten bread is soon forgotten" comes to mind.

If this topic gets dropped it will be doing a media a faviour, especially media outlets who fed the property mania, and now wish that everybody forgot.

There should be some allowance taken of stamp duty paid in the last 10 years. To not do so does not seem fair.

Originally Posted by seabhcan

Are you surprised?

Maybe the government should just explain to people that because of the crash, each person's personal share of the national debt is 30,000 euro and, one way or another, it needs to be paid.

My personal preference would be a special 5% income tax on everyone, and call it the "Fianna Fail Disaster Tax". Cut the crap on fees/property taxes/rates/etc and get it down to simple terms. Everyone pays, because of Fianna Fail.

Not too sure to call it a FFinished tax, or an Anglo Bonder tax.

I suppose, they both amount to the same thing in a way.

"A flat rate property tax of as little as €100 for pensioners and low income families is being considered by the Government.

And the future of the €200 second-home tax has to be decided upon, with the possibility it will be retained in some form when the property tax comes into effect."


So you pay a second home property tax and a property tax on a second home !!!

Is Thornhill making it up as he goes along

Originally Posted by seabhcan

Are you surprised?

Maybe the government should just explain to people that because of the crash, each person's personal share of the national debt is 30,000 euro and, one way or another, it needs to be paid.

My personal preference would be a special 5% income tax on everyone, and call it the "Fianna Fail Disaster Tax". Cut the crap on fees/property taxes/rates/etc and get it down to simple terms. Everyone pays, because of Fianna Fail.

Teeny problem is Labour wanted to spend even more taxpayers money in 2007.

And they forecast that the boom would continue at rates of more than 4 per cent economic growth.

So a Labour govt would've been no different.

Anwyway why should those in insecure employment with no pensions pay for those in secure employment with pensions?

Instead of a property tax to fund Labour's pals in ICTU we should scrap Croke park and bring average public pay down to EU average levels.

Originally Posted by seabhcan

Are you surprised?

Maybe the government should just explain to people that because of the crash, each person's personal share of the national debt is 30,000 euro and, one way or another, it needs to be paid.

My personal preference would be a special 5% income tax on everyone, and call it the "Fianna Fail Disaster Tax". Cut the crap on fees/property taxes/rates/etc and get it down to simple terms. Everyone pays, because of Fianna Fail.

Except only the PAYE sector would actually pay that and they are pillaged enough. The self employed and farmers would avoid it to varying degrees as they do with all income taxes.

At least the property tax gets everybody, including non-residents etc who own houses here. Now if it was based on sq footage or value you would be getting nice little chunks of cash off Dermot Desmond, Denis O'Brien et al. You won't get it otherwise while they are deemed non-resident.

I'm starting to think the best thing to do now in this country is to work on the black and claim every benefit you can. Try to be honest and you are just a sucker.