I stand to be corrected, what does the headline stat mean to you?
That is meaningful as it tells us that the bulk of the income tax burden falls on a relatively small % of income earners.
To show the over-reliance of the country's economy on a small group of people - some of whom will be mobile and/or many of whom will have more variable incomes than lower earners? This is a bad thing as it leaves the country's finances susceptible to more variation than if there was a more stable base. You might understand the issue better looking at corporation tax: the 'equivalent' headline is '10 firms pay nearly 40% of corporation tax' (close to €3B between them). What do you think happens if just one of these firms leaves or relocates their financial base? (Clue: it's not good...)Yes, by virtue of their high incomes and nothing else. So what? What is the purpose of focusing on this particular stat?
€3 a week to a family trying to keep the lights on would certainly be putting their shoulders to the wheel.
I'm not sure a high income family would consider an extra €3 a week in the same vein.
When you say "we should all" put our shoulders to the wheel with an extra €3 a week, it doesn't really stack up, does it?
To show the over-reliance of the country's economy on a small group of people - some of whom will be mobile and/or many of whom will have more variable incomes than lower earners? This is a bad thing as it leaves the country's finances susceptible to more variation than if there was a more stable base.
Yes, by virtue of their high incomes and nothing else.
No, by virtue of the level of tax levied on their income.
.
Are you suggesting that the level of tax levied on the income of the top 6% of earners is greater than everybody else?
Yes. That should be obvious.
How else would they end up paying 49% of all income tax and USC?
Hmm, for all the spoof about austerity
very little has been contributed by those on lower incomes.
Cut them by €150 each, and take in an extra €500-600m a year.
You didn't ask about tax code though - you asked a very different question.Are you seriously suggesting that the top 6% are subject to a different tax code?
The LEVEL of tax levied on high income earners is, of course, greater than on lower incomes - it's a simple fact with a progressive tax code. Both in € and %, higher earners pay more.Are you suggesting that the level of tax levied on the income of the top 6% of earners is greater than everybody else?
Are you seriously suggesting that the top 6% are subject to a different tax code?
You didn't ask about tax code though - you asked a very different question.
The LEVEL of tax levied on high income earners is, of course, greater than on lower incomes - it's a simple fact with a progressive tax code. Both in € and %, higher earners pay more.
No but you asked about the level of tax levied on the top 6% of income earners.
Higher income earners pay tax at their marginal rate (55% in the case of the self-employed) on a greater proportion of their income. Hence, they pay a greater level of tax on their incomes than lower earners.
Oh Lord, is this the level discussion we expect
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