1% income levy will not apply to lower paid

tvbrat

The Taoiseach has told the Dáil that the 1% income levy proposed in the Budget will not apply to those earning the minimum wage.


Government sources have said the cost of exempting those on minimum wage from the income levy will be approximately €60m.
Last week's proposal for a 1% levy on all income has been heavily criticised by trade unions, who want the low paid excluded from the measure.


http://www.rte.ie/news/2008/1021/budgetlevy.html

Ste.phen

Minimum wage over 40 hours is, what, 346 a week?
So 3.46 per week levy?
Can't help but think it's much ado about nothing...

Stercus Accidit

It should apply to above the minimum wage also.

Isn't it a 35 hour week on min wage is less lucrative than state welfare?

Needs to be higher tbh.

BaconZombie

They should scrap the 1% altogether and just tax 5% on anybody making more then 100K.

Krieg

hmm, what about those on 10c above the min wage?
Wouldn't they technically earn less then those on min wage if the levy was imposed on them?

Run_to_da_hills

Igy wrote: »

Minimum wage over 40 hours is, what, 346 a week?
So 3.46 per week levy?
Can't help but think it's much ado about nothing...

Its almost 1/2 a pack of fags, still it wouldn't even get you the price of a pint.

Stercus Accidit

Krieg wrote: »

hmm, what about those on 10c above the min wage?
Wouldn't they technically earn less then those on min wage if the levy was imposed on them?

Dole ftw.

Live of the dole for a while, then vote the bastards out.

Hell, with all the disenfranchised people with nothing but free time out there, maybe one or two will get involved in politics, and among the lot of them, maybe one is capable of providing a bloody decent opposition party to vote for.

I like to fantasise about a better Ireland sometimes

MoominPapa

Igy wrote: »

Minimum wage over 40 hours is, what, 346 a week?
So 3.46 per week levy?
Can't help but think it's much ado about nothing...

3.46 * 52 = 179.92 - which is slightly more then the last annual increase in the average gas bill, so its much ado about a lot for a lot of people particularly since Bord Gas are looking for another increase on top of that one

geuro

Krieg wrote: »

hmm, what about those on 10c above the min wage?
Wouldn't they technically earn less then those on min wage if the levy was imposed on them?

They pay .01 of a cent

Krieg

geuro wrote: »

They pay .01 of a cent

Im currently on some groovy pain killers, so please correct me


Min wage = 8.65 (last time I remember)

so say joe bloggs is getting 8.75 because his employer likes to be able to say he doesnt pay his employees min wage.
Now joe has the 1% levy imposed - 8.75 * .01 = 8.75c or 9c

8.75 - 9 = 1c above min wage
Okay, he won't be earning less than those on min wage, but he is getting 1c more, lucky guy

Or am I confused???

antodeco

Krieg wrote: »

Im currently on some groovy pain killers, so please correct me


Min wage = 8.65 (last time I remember)

so say joe bloggs is getting 8.75 because his employer likes to be able to say he doesnt pay his employees min wage.
Now joe has the 1% levy imposed - 8.75 * .01 = 8.75c or 9c

8.75 - 9 = 1c above min wage
Okay, he won't be earning less than those on min wage, but he is getting 1c more, lucky guy

Or am I confused???

I think my brain just caught fire

Shmuck

So has anything outlined on the original budget actually been kept, or have the government backtracked on everything? Seems a soft budget keeps getting softer, what a joke. Wheres all the extra money needed to make up these shortfalls going to come from?

Wurly

Us middle class saps getting f*cked up the arse again it seems.

Jesus - tax people on high incomes ffs. Im on average wage and I haven't a bleedin arse in me throusers!!!

Grrr:mad::mad:

Mark200

Igy wrote: »

Minimum wage over 40 hours is, what, 346 a week?
So 3.46 per week levy?
Can't help but think it's much ado about nothing...

I agree. I think the general idea of a 1% levy on everyone's wages to help the Government's income was an ok idea. Everyone can afford an extra 1%. No one will miss it. And now that Brian Cowen is giving in to slight pressure over this....it's a bit ridiculous.

humbert

Just cut social welfare and half the public sector. Job done, everyone happy.

dlofnep

Fidel Castro would sort all this nonsense out.

billy the squid

Igy wrote: »

Minimum wage over 40 hours is, what, 346 a week?
So 3.46 per week levy?
Can't help but think it's much ado about nothing...

3.46 is a bail of briquettes. That is two days heating for some.

Sam Vimes

geuro wrote: »

They pay .01 of a cent

i thought it was 1% of your entire wage, unless they've made provisions for that in this case

is this levy not now just income tax with different amounts for the bands?

billy the squid

Oh, and don't forget the landlords now being asked to pay an extra 200 euro per year per house will pass that on to their tennants.

K-9

Krieg wrote: »

hmm, what about those on 10c above the min wage?
Wouldn't they technically earn less then those on min wage if the levy was imposed on them?

YEP, but that can happen anyway if you get a raise that brings you from no PRSI to paying 4%, or from 4 to 6%.

Redpunto

Mark200 wrote: »

I agree. I think the general idea of a 1% levy on everyone's wages to help the Government's income was an ok idea. Everyone can afford an extra 1%. No one will miss it. And now that Brian Cowen is giving in to slight pressure over this....it's a bit ridiculous.

Problem is people will miss it,,, theres people out there who have nothing in their pockets at the end of the month and wonder how they can get nappies for the baby and petrol for the car.