Or a tax BillIt’s ridiculous to talk about the “40% tax break” or “the tax-free lump sum” in isolation. Take someone with decent income; he/she doesn’t get relief from US0C or PRSI on the way in. Circa €360,000 of tax relief might be given on the way to building the maximum pension pot of €2m. What happens then? €60,000 of tax on the lump sum. Penalty tax at 40% on anything over €2m. Circa €30,000 of income tax and levies a year, probably for circa 30 years, so another €900,000. And then €450,000 of tax when the ARF is inherited.
The State “invests” €360,000 and, without having to take on any risk or any stress, should be expect to earn circa €1.5m or more thereafter. The State should be wrapping these people in cotton wool and sending them Christmas cards.
We are approaching full employment in this country. Is there are real reason that those under 26 should be on Jobseeker's Allowance? Those under 26 need to make a real and conscious effort to gain a marketable skill and not become a burden on the state for the next 40 plus years.In terms of social welfare payment increases I would prioritise increasing payments to those under 26 who currently receive reduced Jobseeker’s Allowance
YoYou need to make a better effort to express what you mean.
I was expecting you would get out before people find out who the real loony left are,I intend to shift mine and avoid the whole lot, so that’s something of a moot point.
I was expecting you would get out before people find out who the real loony left are,
I never doubted you know where this is all going to end,
I am heading off Hiking in the Alps to day for the whole week I will not be looking up this untill i come back,
Is this in direct contradiction to the proposed SSIA2 type scheme?I'd also like to see more of a broadening of the tax base with a general trend towards taxing wealth retention (capital/assets) rather than wealth creation (work)
It could work in Dublin, around the D1/D2 areas with sufficient (& cheap) park and ride facilities, and 10 minute DART's, frequent Luas and more express bus options.Congestion charges are fair enough in cities with excellent public transport...they wouldn’t be in Ireland.
This isn't broadening the tax base. Its merely screwing the same people only in a different way.I'd also like to see more of a broadening of the tax base with a general trend towards taxing wealth retention (capital/assets) rather than wealth creation (work).
It could work in Dublin, around the D1/D2 areas with sufficient (& cheap) park and ride facilities, and 10 minute DART's, frequent Luas and more express bus options.
Every morning on the N11, you see two of both 46a/145 buses coming together, and each proceed to stop at every stop on the way in. It could be easy to convert one to an express version so only stop every 3rd stop, as well as alight stop for anyone already on the bus.
It would not work outside the D1/D2 area as radial transport is terrible and you need a car if you live in the suburbs and needs to get to say Citywest in the morning. Going into town to get a bus to Citywest would take ~2 hours each way.
Glad tommy pointed out the madness you were going to vote forI've vote for that Protocol.
I'd also like to see more of a broadening of the tax base with a general trend towards taxing wealth retention (capital/assets) rather than wealth creation (work).
We are already voting for thatI've vote for that Protocol.
I'd also like to see more of a broadening of the tax base with a general trend towards taxing wealth retention (capital/assets) rather than wealth creation (work).
I phrased that badly. I meant to say a broadening of the tax base and a general trend towards taxing wealth retention instead of wealth creation. The last thing we should be taxing is labour; it is what creates wealth. Everything else just moves wealth around. I'd also like to see less overall taxation and smaller government; get rid of everything that amounts to taking money out of one pocket and putting it back into the other, less the State's admin charge. In effect it is bribing people with their own money. Don't give it so someone else instead, just don't take it in the first place.This isn't broadening the tax base. Its merely screwing the same people only in a different way.
The Irish conventional wisdom is that there's something dirty and wrong about private wealth retention.
It's an absolute scandal that we're still running budget deficits. We've learned very little it seems and here was me thinking that FG were the party of "fiscal rectitude".
I really don’t get the idea of “taxing wealth retention”.
I make €100. The State takes €52 of it.
I’m left with €48. If I buy something, the State takes VAT, which could be €9.
If I invest my €48, the State will take 33%, 41%, or 52% of my upside.
And if I pop my clogs, the State will nab another €16 of my €48.
And people think we should “start” taxing wealth retention?
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