Nicklesilver
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had anyone worked out what the % tax take is on domestic output compared to other countries? A more realistic figure. One pharmaceutical plant just paid 3b in dividends!!
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Appendix 1A of the report gives a sense of what goes into the Capital calculations, it’s much broader than just CGT/DIRT - “…
the sum of taxes on the income or profits of corporations, taxes
on financial and capital transactions, capital taxes, current taxes on capital, taxes on winnings from lottery and games, stamp taxes, and other taxes on production”
Thanks for pointing to that. I'd skipped over that because it says it included corporations, assuming there was something else broken for people since the original figure was next to income with corporate broken out by itself. With corps included I'm now wondering why it is so highERSI said:The effective tax rate on capital income is given by:
...
CAPT is defined as the sum of taxes on the income or profits of corporations
Don't forget about the built infrastructure too which you get the benefit from.It's more than just the tax, it's the disposable income.
Tax rates for higher earners are close to Swedish levels.
However in return the Irish get far less.
Unlike a Swede an Irish person is buying health insurance, putting income into private pensions, paying for child care, buying heavily taxed cars when they'd prefer not to.
- No final salary linked state pension
- No universal health care
- Less child care
- Expensive and inadequate public transport
Disposable income for someone earning 100k on Sweden would probably be higher than here despite more income tax.
In France according to that chart it's even better as less tax, and generally good public services.
Many of these countries stop their equivalent of employee PRSI at a threshold - as the pensions and benefits there really are "Pay Related".
What is striking there is how low our rates of capital taxation are.Ireland is a low tax country for almost everyone:
But our marginal rates are high at relatively low income levels and that a disincentive to work.Both of these strike me as very low.
Brendan
That's a measure of inefficiency in Public Institutions. We are inefficient in how we deliver services and so lots of money is wasted.It's more than just the tax, it's the disposable income.
Tax rates for higher earners are close to Swedish levels.
However in return the Irish get far less.
Unlike a Swede an Irish person is buying health insurance, putting income into private pensions, paying for child care, buying heavily taxed cars when they'd prefer not to.
- No final salary linked state pension
- No universal health care
- Less child care
- Expensive and inadequate public transport
Disposable income for someone earning 100k on Sweden would probably be higher than here despite more income tax.
In France according to that chart it's even better as less tax, and generally good public services.
Many of these countries stop their equivalent of employee PRSI at a threshold - as the pensions and benefits there really are "Pay Related".
Hi BrendanWhat is the squeezed middle? Earnings around €55k?
What is the truth about paying tax in Ireland?
The State is often seen as comparing poorly on personal tax rates – but is this an accurate view?www.irishtimes.com
View attachment 6461
These are the rates for single PAYE workers.
Effective tax rates are certainly not out of line.
The lower paid pay very little in Ireland.
It would be lower again for married couples with children.
Brendan
According to Exploring Global Landscapes of Litigation, Germany is the most litigious country in the world, ahead of even the US; Ireland is not even in the top 10.I'm in Germany now, last night I saw girls and guys dancing precariously on a flimsy table, if one falls off its their own tough luck
It's worse than it looks; Estonia, Hungary and Czech Republic have a flat income tax system, i.e. a single rate. Slovakia's highest rate is 25%, the low rate is 19%. Therefore it's really only Belgium where the higher rate applies at a lower income within a similar income tax system.
Much debate in the media about the (over) reliance on the corporate tax take, but comparatively little on income tax, the vast majority of which is paid by individuals working for the big corporates.Ireland has a veryprogressiveprecarious income tax system
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