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Thread: Is the Government worth half your income?

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    Politics.ie Member stopdoingstuff's Avatar
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    Default Is the Government worth half your income?

    A friend of mine dropped over this evening. She needed some financial advice and the topic turned to tax. She makes about 75,000 year and gets to keep about 43,000 of that. Assuming the spends the rest and assuming she pays 13.5% (just being conservative ) of that spending in vat, this reduces her income by another 6,000 or so. In net terms, she gives almost half of her income to the state. Of course, this is an approximation, but even if its not entirely correct- there are other taxes and fees, she pays for some goods at the higher rate of vat, she has a small mortgage- she still gives more or less half of her income to the state. Is she getting a good deal?

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    No.

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    Politics.ie Member Marcos the black's Avatar
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    Ok, so what would you like to reduce? The dole? Public sector pensions? Medical card criteria? Infrastructure? Cost of Govt (including local)?
    You'll never go broke appealing to the lowest common denominator.

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    Politics.ie Member stopdoingstuff's Avatar
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    Quote Originally Posted by Marcos the black View Post
    Ok, so what would you like to reduce? The dole? Public sector pensions? Medical card criteria? Infrastructure? Cost of Govt (including local)?
    All of it.

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    Politics.ie Member VHF's Avatar
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    All of the above. I think its called living within our means.
    We're screwed - understand the FACTS here

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    Politics.ie Member truthisfree's Avatar
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    Quote Originally Posted by VHF View Post
    All of the above. I think its called living within our means.
    You said it....

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    Nope, definitely not.

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    We've seen this government slash and burn essential services while completely ignoring the disgraceful public sector wage bill. A deal with present day consultants to pay future consultants less is not a deal. The reality is, we get very little for our tax, because the government has gotten it's self involved in things that it doesn't need to be in.

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    It's nothing but a protection racquet!

    Tax is theft, nothing more!

  10. #10
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    What I want for a start is that every one is required to make a tax return on their income , whether they be retired , employed , self employed ,unemployed . Any one who fails to comply with this duty should face serious sanctions .

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