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Budget 2012 Live Discussion thread

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    #722
    nesf
    Registered Users Posts: 27,645 ✭✭✭✭nesf


    El Horseboxo wrote: »
    Walk into any of the English stores based here and look at the tags. Most of them have their sterling prices on them. Now convert that to Euro and see if it matches what they are charging for it in Euro.

    Um, you realise that rates, rents, wages and taxes are all lower in the UK yeah?


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    #723
    Rjd2
    Registered Users Posts: 12,040 ✭✭✭✭Rjd2


    eh?:eek:


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    #724
    Dirk Gently
    Closed Accounts Posts: 4,784 ✭✭✭Dirk Gently


    User Friendly wrote: »
    Is this man going to cry?:eek:

    every time he speaks it appears as if he is about to hit a mental block. watch him enough times and you'll realise it's just his manor. One thing I like about Mick Wallace is he speaks genuinely from the heart. I like the fact that he's not "polished" or coached. He's not spinning a party line and he's not out to score points. Listening to his speech I think it's one of the better ones I've seen in a long time despite the pink shirt, curly locks and unpolished delivery. I only wish more of them where "unpolished" and true to themselves when they speak.


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    #725
    JohnMc1
    Closed Accounts Posts: 4,987 ✭✭✭JohnMc1


    hellboy99 wrote: »
    I posted them here:

    http://www.boards.ie/vbulletin/showpost.php?p=75857692&postcount=688

    Thanks hellboy. Much appreciated.


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    #726
    Warper
    Registered Users Posts: 5,377 ✭✭✭Warper


    2moreMinutes wrote: »
    The increased threshold will make no difference to you unless you were earning between €4004 and €10036 in which case you are now exempt from the USC.

    Does it not mean that all income below €10036 is exempt so tax-payers will save some bit?


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    #727
    bryaner
    Registered Users Posts: 3,181 ✭✭✭bryaner


    Anybody know the criteria for the exemption from the property tax?


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    #728
    km79
    Registered Users Posts: 48,176 ✭✭✭✭km79


    Took out first mortgage in 2005 but traded up in 2006.... Do I get new rate ? I'm almost certain I got the benefit when time was extended for 1st time buyers in that time frame 2 budgets ago


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    #729
    Bishop_Donal
    Closed Accounts Posts: 615 ✭✭✭Bishop_Donal


    bryaner wrote: »
    Anybody know the criteria for the exemption from the property tax?

    Think it's if you get mortgage income supplement and/or if you are living in a Ghost estate.

    I'm not absolutely certain though, so there may be some more exemptions.


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    #730
    User Friendly
    Closed Accounts Posts: 1,483 ✭✭✭User Friendly


    Dirk Gently wrote: »
    every time he speaks it appears as if he is about to hit a mental block. watch him enough times and you'll realise it's just his manor. One thing I like about Mick Wallace is he speaks genuinely from the heart. I like the fact that he's not "polished" or coached. He's not spinning a party line and he's not out to score points. Listening to his speech I think it's one of the better ones I've seen in a long time despite the pink shirt, curly locks and unpolished delivery. I only wish more of them where "unpolished" and true to themselves when they speak.
    He lost any credibility i ever had for him with his shenanigans both in the Dail and his personal dealings with his company.

    http://www.independent.ie/national-news/mick-wallacersquos-euro-2012-timeoff-plea-shown-red-card-2939086.html

    http://www.independent.ie/national-news/td-mick-wallace-is-pursued-by-exworker-for-euro10000-redundancy-2942514.html

    i could have provided a link with reference to his fine for failure to pay pension contributions to workers but id say everyone is aware of this by now


    i have no axe to grind but the words crocodile tears would spring to mind with Mick.


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    #731
    tayto lover
    Registered Users Posts: 51,652 ✭✭✭✭tayto lover


    So the farmers and the super rich gain again in the budget. Oh for the life of a farmer, pay fcuk all tax and get everything for nothing.
    I suspected that this would happen and said so yesterday. Farmers get all kinds of grants and free education for their children. Now they have won again.


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    #732
    namenotavailablE
    Registered Users Posts: 59,583 ✭✭✭✭namenotavailablE


    Does it not mean that all income below €10036 is exempt so tax-payers will save some bit?

    No- as per 2MoreMinutes, it's only going to make a difference if you earn between €4004 and €10036. In 2011, you'd have paid €200 in USC. In 2012, you'll pay nothing.

    Free Excel net pay calculator- https://taxcalc.eu/monthlyss/Employee%20PAYE%20calculator.xlsm



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    #733
    enda_4
    Registered Users Posts: 101 ✭✭enda_4


    Woman on the news complaining about the reduction in the dole.
    Did I miss something?!?!


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    #734
    tayto lover
    Registered Users Posts: 51,652 ✭✭✭✭tayto lover


    enda_4 wrote: »
    Woman on the news complaining about the reduction in the dole.
    Did I miss something?!?!

    No. Three lads from my area left for Australia. It must be the numbers that are down.


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    #735
    Bishop_Donal
    Closed Accounts Posts: 615 ✭✭✭Bishop_Donal


    enda_4 wrote: »
    Woman on the news complaining about the reduction in the dole.
    Did I miss something?!?!

    Yes. The intelligent people who listened to the detail of the budget, because her head is up her ass. There was no cut in the dole.


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    #736
    Lapin
    Banned (with Prison Access) Posts: 18,184 ✭✭✭✭Lapin


    Just seen Mick Wallace on the Six - One.

    I've never been one to judge people by their appearance and I was glad when he was elected as I thought he would bring a breath of fresh air to the place.
    But having just seen him responding to the budget inthe Dail, with his shirt hanging out, hand in pocket, unshaven and scruffy, I now think he is an embarrasment as a public representitave.

    As my mother would say "The man is a holy show".

    He looks like the kind of person I'd warn kids to stay away from.


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    #737
    godwin
    Registered Users Posts: 393 ✭✭godwin


    Thanks Katie , that's not so bad as I can manage that , as long as I don't have to pay fees im quiet happy.


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    #738
    swim2
    Registered Users Posts: 236 ✭✭swim2


    There was a cut in the dole, of sorts

    Jobseekers' benefit to be based on five-day week

    Which means, for example, people who are on a 3 day week from their company will only get paid for 2 days now and not based on a 6 day week. it means these people will be down money.

    Joan burton came out & said it will hopefully make people working part time to look for a full time job. I think it may force people to go on dole full time, but time will tell


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    #739
    km79
    Registered Users Posts: 48,176 ✭✭✭✭km79


    km79 wrote: »
    Took out first mortgage in 2005 but traded up in 2006.... Do I get new rate ? I'm almost certain I got the benefit when time was extended for 1st time buyers in that time frame 2 budgets ago
    Pretty please :)


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    #740
    lasnoufle
    Closed Accounts Posts: 42 ✭lasnoufle


    namenotavailabl wrote: »
    No- as per 2MoreMinutes, it's only going to make a difference if you earn between €4004 and €10036. In 2011, you'd have paid €200 in USC. In 2012, you'll pay nothing.
    So if you earn 10036, you keep 10036, but it you earn 10037, USC kicks in and you only get 9635? Doesn't seem to make much sense.


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    #741
    cruizer101
    Registered Users Posts: 3,205 ✭✭✭cruizer101


    The BTEA doesn't cover fees, its juts a weekly payment and the book allowance. Fees being paid is a separate grant, not sure was it changed or not but they are separate things.


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    #742
    dearg lady
    Closed Accounts Posts: 2,091 ✭✭✭dearg lady


    lasnoufle wrote: »
    So if you earn 10036, you keep 10036, but it you earn 10037, USC kicks in and you only get 9635? Doesn't seem to make much sense.

    No, I think the previous poster was incorrect.

    Currently an individual pays 2% on the first €10,036, 4% on the next 5,980, and 7% on the rest.

    I think (from how I understand it) this 2% on the first 10,036 is now gone. I presume the other rates are the same.


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    #743
    JRant
    Registered Users Posts: 12,912 ✭✭✭✭JRant


    steelcityblues wrote: »
    JRant wrote: »
    Nulty obviously thought Labour had certain values, now he know's they don't.

    He was wasting his time as a member of the champagne socialists party, if he thought so.

    He sure was, just as well he didn't waste to much time with that bunch of two faced liars.

    "Well, yeah, you know, that's just, like, your opinion, man"



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    #744
    hellboy99
    Registered Users Posts: 6,219 ✭✭✭hellboy99


    Goods Vehicles Tax rates:

    goodscartax.jpg

    goodscartax2.jpg


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    #745
    lasnoufle
    Closed Accounts Posts: 42 ✭lasnoufle


    dearg lady wrote: »
    No, I think the previous poster was incorrect.

    Currently an individual pays 2% on the first €10,036, 4% on the next 5,980, and 7% on the rest.

    I think (from how I understand it) this 2% on the first 10,036 is now gone. I presume the other rates are the same.
    That's what I'd assume too - meaning anybody above 10036 would see his/her yearly net income go up by 120.64 euros as a result. ((10036-4004)*0.02) Right or wrong?


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    #746
    BOHSBOHS
    Registered Users Posts: 710 ✭✭✭BOHSBOHS


    USC income less than 10,036 exempt (was 4,004)
    if not exempt you will pay as follows:
    2% on first 10,036
    4% on next 5,980
    7% thereafter

    so only change is to people on incomes 4,004-10,036 ..they wont pay the 2% anymore


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    #747
    toexpress
    Closed Accounts Posts: 853 ✭✭✭toexpress


    Well that was all as could be expected.

    All in all I think we have to agree under the circumstances it wasn't nearly as bad as it could have been


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    #748
    Draco
    Subscribers Posts: 1,911 ✭✭✭Draco


    lasnoufle wrote: »
    So if you earn 10036, you keep 10036, but it you earn 10037, USC kicks in and you only get 9635? Doesn't seem to make much sense.
    Going from the examples made available, it looks like that's right. This used to happen at €26K when the health contribution would kick in. Ironically USC got rid of that piece of strangeness.


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    #749
    dearg lady
    Closed Accounts Posts: 2,091 ✭✭✭dearg lady


    BOHSBOHS wrote: »
    USC income less than 10,036 exempt (was 4,004)
    if not exempt you will pay as follows:
    2% on first 10,036
    4% on next 5,980
    7% thereafter

    so only change is to people on incomes 4,004-10,036 ..they wont pay the 2% anymore

    ah, oops, think I misread it so!


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    #750
    lasnoufle
    Closed Accounts Posts: 42 ✭lasnoufle


    Draco wrote: »
    Going from the examples made available, it looks like that's right. This used to happen at €26K when the health contribution would kick in. Ironically USC got rid of that piece of strangeness.
    'K, thanks for the clarification. A bit stupid to let this kind of "steps" appear, with loads of people already thinking that their whole income get taxed at 41% when they cross the 34xxx threshold... Now I'm sure they'll throw this to my face when I try to explain them the basics.

    Just a word on "attracting multinational jobs" - not being bitchy or anything but I'm a foreign "skilled" (or so I was told) IT worker, and in the process of leaving the country as the result of my marginal income tax rate. Being at 41k/year (which isn't even really well paid for the job I'm doing), it's almost at 50% already (income + PRSI + USC).

    Bottom line is that my average income tax rate is now very close from the one I'd get for the same salary in other EU countries (that wasn't the case a few years ago where Ireland would land you FAR more net), and will probably get worse if I get any increase. Factor in the social benefits & double holidays I'd get in France for the same salary for example... Ireland isn't attractive anymore for skilled foreigners.

    I wouldn't say anything if it was just me - but I know plenty of people in IT who've noticed that too and moved out already or are in the process of. In short I think multinationals (in IT at least) will soon have a hard time attracting foreign employees in Ireland at all. Salaries aren't high enough anymore to compensate for the weather, high cost of life etc., in a still expanding sector where you can find jobs in other countries. And raising salaries has limited efficiency due to the marginal tax rate.

    Just my two cents... Focus has been on corporation tax to get companies in, but I don't think anybody ever considered that one day workers themselves would stop to come, which may well cause companies to leave Ireland too at some point.

    Edit: kinda offtopic, I apologize


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    #751
    Bagenal
    Registered Users Posts: 179 ✭✭Bagenal


    Tandey wrote: »
    I am on it as a matter of fact so next time maybe you shouldn't jump to conclusions. I did an apprenticeship a few years ago where in the first year I took home 220 euro after tax worked my boll1x off on working 5 days a week, one place being the Lord Bagenal Mr. bagenal when it was being done up.

    But even though I am currently on social welfare I think it is a joke to get payed 188 euro a week for doing nothing for it only queuing up and signing your name on a page.

    Afaik in the UK the dole is far less, and rightly so.

    Fair enough, I did jump to conclusions, I'll put my hands up.

    As for the dole in the UK bit, what is it for a single person? are those on the single persons dole in the UK entitled to other social welfare
    allowances?
    If as you suggest the dole of €188 is too much for a single person perhaps be so kind as to explain to me how I or similar people should pay electricity bills, get some grub etc etc etc? I'd love to have a job but there seems to be shortage of such things at the moment as you might have noticed if you too are on social welfare. Please come up with something better than doing courses, upskilling & education, I have been doing that but the excuses when applying for jobs now is lack of experience in whatever field the offered employment is.


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