Hysterical but appropriate reaction - Emergency Budget coming very soon

ongarite

Government have been forced to face the nightmare situation of collapse of tax take and have decided to step in to fill the huge gap with emergency budget by the end of the month.

The figures make terrible reading.
Total tax take down 24% on January 08, back to 2004 levels.
Capital gains tax is down 70%
Stamp duty down 60%
Corporation tax down 35%
VAT down 17%
Income tax down 9%

Anyone know what tax levels were in 2004 to get an idea of what kind of increases can be expected?

Feck.

Genghiz Cohen

...fantastic!

dsmythy

Income tax increases and more spending cuts. We need another 2 billion on top of that other 2 billion it seems.

Snowie

well what can i say ,majority of the country voted for fianna fail, now they can pay for the sown stiupidity they braugfht it on them selves i wish them a big congratualations and those who didnt vote for them my Commiseration's...

ejmaztec

Dear IMF,

Can you please hurry up, there's some big sh1t going down,

Yours sincerely

ROI.

Guy:Incognito

Snow-Monkey wrote: »

well what can i say ,majority of the country voted for fianna fail, now they can pay for the sown stiupidity they braugfht it on them selves i wish them a big congratualations and those who didnt vote for them my Commiseration's...

Where woudl FG or Labour be finding the money?

Anyway was it not less than 50% that voted for FF? Thats not the majority of the country.

Darragh29

Snow-Monkey wrote: »

well what can i say ,majority of the country voted for fianna fail, now they can pay for the sown stiupidity they braugfht it on them selves i wish them a big congratualations and those who didnt vote for them my Commiseration's...

+1. As you sow, so shall you reap.

dsmythy

Stekelly wrote: »

Where woudl FG or Labour be finding the money?

I think people's anger is directed more at FF's having been sitting in government in the 11 years before things went bad and never considered the possibility of a downturn for some strange reason.

gazzer

I wonder if Bertie is in hiding? That f*cker and his minister for finance have ruined this country.

goldenhoarde

my god can they just not get the finger out and go though their costs line by line and generate some savings that way

Income tax increases at this time don't really make sense as they would add to our woes and possibly speed up the IMF coming in (hopefully this doesnt happen!)


What if for example all toilet roll used by the government was bought centrally how much would we save

Now apply this to all items bought and then redeploy the excess staff to depts that need them.

I mean if i had to i would have to budget based on what i earn as the banks would be slow to bail me out

Guy:Incognito

dsmythy wrote: »

I think people's anger is directed more at FF's having been sitting in government in the 11 years before things went bad and never considered the possibility of a downturn for some strange reason.

The world is ****ed, not just us.

dsmythy

Stekelly wrote: »

The world is ****ed, not just us.

Every country is frucked. But some are more frucked than others.

ejmaztec

Are they going to completely wipe out the retail sector with the next budget? Town centres are going to look like the ones in 1950s Iron Curtain countries - not a lick of paint for ten years.

thelordofcheese

ongarite wrote: »

Capital gains tax is down 70%
Stamp duty down 60%

Ouch, I'd imagine that those two would have been lower being the ones directly affected by the credit crunch, but not that low.

This will not be pretty, but regardless of who's incharge this would still have been a problem. How the current government deal with this will be.... interesting, mainly because they're damned no matter how they act.

Guy:Incognito

dsmythy wrote: »

Every country is frucked. But some are more frucked than others.

Some are just further along than others. They'll catch up.

The higher you are the further the fall and all that. We were pretty high.

Snowie

Stekelly wrote: »

Where woudl FG or Labour be finding the money?

Anyway was it not less than 50% that voted for FF? Thats not the majority of the country.

I dunno, but where going to be on our 3rd attempt of the budget so eather way... some one im shore could do a better job and besides as we all no biffo is the highist payed dude in charge in the world you dont see fianna fail taking cuts yet every one else does

If you ask me its down to this

Finna Fail Trys to hard and bye trying you fail...

you allways hear the loosing team saying well we tried are best

you allways here the winning team say we knew what we had to do and went out and did it !

Ulysses Gaze

I wonder if Bertie is in hiding?

No, he's in other Banana Republics, such as Honduras, lecturing them on how to build a 'Celtic Tiger' style bubble-economy!!!!

seanybiker

Snow-Monkey wrote: »

well what can i say ,majority of the country voted for fianna fail, now they can pay for the sown stiupidity they braugfht it on them selves i wish them a big congratualations and those who didnt vote for them my Commiseration's...

I dont vote. I always look smart now

gazzer

Did Biffo not just say last Sunday that would be no mini budget this year? The guy is talking out of his arse.

I wonder what they will hit? Probably bring all workers into the tax net for starters anyway.

Korvanica

time for the govt to start paying people to dig and refill holes.

5starpool

More pension levy on the public sector I say.

Guy:Incognito

Korvanica wrote: »

time for the govt to start paying people to dig and refill holes.

Pay them with what?

Snowie

seanybiker wrote: »

I dont vote. I always look smart now

I can see why majority of people eather are in politics for other reasons.. for the majoority little seem to have the agenda of getting this country running well so i cant really blame you.

How ever in a time where soon voting will be important for this country you me every one, we need some one whole make the dessions and we as a country need to except that things arnt going to be like they once where and accept the change.

Terry

ongarite wrote: »

Government have been forced to face the nightmare situation of collapse of tax take and have decided to step in to fill the huge gap with emergency budget by the end of the month.

The figures make terrible reading.
Total tax take down 24% on January 08, back to 2004 levels.
Capital gains tax is down 70%
Stamp duty down 60%
Corporation tax down 35%
VAT down 17%
Income tax down 9%

Anyone know what tax levels were in 2004 to get an idea of what kind of increases can be expected?

Do you have a link to this hysteria?

DonJose

dsmythy wrote: »

Every country is frucked. But some are more frucked than others.

Bertie Ahern, I just fixed your famous quote :mad:

"'The reason it's on the rise is because probably the boom fukked times are getting even more boomer fukkeder."

dsmythy

Terry wrote: »

Do you have a link to this hysteria?

http://www.finance.gov.ie/viewdoc.asp?DocID=5699

They the numbers. Work out the percentages yourself though

ejmaztec

Korvanica wrote: »

time for the govt to start paying people to dig and refill holes.

The government's already dug itself into a big hole - and the electorate is going to bury them in it.

Darragh29

We are really f*cked now!

http://cgi.ebay.ie/ws/eBayISAPI.dll?ViewItem&item=270352935855

:D:D

Biggins

dsmythy wrote: »

Every country is frucked. But some are more frucked than others.

Not quite.

For example: Canada, one of the top civilised countries in the world has NOT had one bank failure or even come close to it.
Their economy is strong despite the nation on its southern border not helping, its banks are well capitalised and poised to take advantage of opportunities that European and American banks cannot seize.
They have for years put in place effective safeguards that has controlled the prices of property and kept it stable, they have tightened regulation in all areas of businesses where American and European partners have been rushing for de-regulation. Their tax code does not provide for massive incentive for overconsumption. It has 12 years of monetary surpluses and put some of this money away for "rainy days" (who would know things could go bad! :rolleyes: ).
The country restructured the national pension scheme, placing it on a firm fiscal footing. Its health care is cheaper by far, its stock markets are doing better than all major countries also. Life expectancy is STILL one of thee highest in the world.

How did all this happen? The government actually planned for the worst YEARS ago when things were going good. They knew not to put all their revenue resources in too many single baskets/areas. They saved for possible bad times. They applied money (tightly controlled and watched) to the vital areas such as education, science and industry. Such is still their success that for example; Ontario is now the biggest car producing region between USA and Canada alone!

They didn't do any thing that other countries couldn't have done with a bit of kop-on.
They just went a head and did it while our government for one, stupidly thought everything going good would last for ever and didn't plan for bad days.
Meanwhile our government ministers decided (and still do) to go on countless world junkets and extra long holidays (- remember their Christmas break or have we forgotten about that already? When was the last time anyone has even seen a half full Dail?).

Guess what! We are all now paying for our elected officials stupidity and to a great extent, we get what we deserve!
We put the fools in power - whats more and WORSE - we are still allowing them to remain there. Remember that at the next election for fcuks sake!
Its time for fcuking change and not just in the same over paid faces but time for change in the way things are done!

Wake the fcuk up Ireland and kop yourselves on.

gary the great

Dam, well the dole needs to be cut first imo...

Why did they get an €8 increase in January despite everyone else taking cuts and the cost of living dropping?

Is it worth being a CO in the civil Service?
After the pesnion levy, wages of €370 pw, while somebody on the dole get €205 + rent allowence + a medical card. Hardly fair?

One parent Family needs to be looked into as well....the amount of people scamming this is shocking.

dsmythy

gary the great wrote: »

Dam...

So as a public servant on top of my 40euro a week pension levy (for a pension i'll probably never get) im going to get an increase in income tax...

Is it worth being a CO in the civil Service?
After the pesnion levy, wages of €370 pw, while somebody on the dole get €205 + rent allowence + a medical card. Hardly fair?

The dole needs to be cut, why did they get an €8 increase in January despite everyone else taking cuts and the cost of living dropping?

I think the dole will be hit alright. Probably take away more recent increases.

pobber1

Darragh29 wrote: »

We are really f*cked now!

http://cgi.ebay.ie/ws/eBayISAPI.dll?ViewItem&item=270352935855

:D:D

Ha brilliant, but 69cent is a bit steep!

Terry

dsmythy wrote: »

http://www.finance.gov.ie/viewdoc.asp?DocID=5699

They the numbers. Work out the percentages yourself though

I don't see anything there about an emergency budget.

Quazzie

I would just like to add that anyone that thinks that FF had any say in the way this country has gone is a moron. FG the power hungry shower of **** would have done a far worse job.

The recession in Ireland has been pushed upon us by our ties with much larger countries, as these larger countries tighten their belts they will be considering us less and less, and thats what will trully fcuk us over. €8100 helicopter flights for a 2 hour seminar is not helping, but its not the cause of the recession. Finger pointing by people who suddenly can't live without the luxuries that they foolishly accustomed themselves to during an overinflated bubble where suddenly people thought for a second that providing some basic services for people was suddenly warrant enough for some of the ludicrous charges that were banded about.

There are genuine people that did not do this during the boom and for them I genuinely feel sorry, but the rest, and including those who like to blame FF and whoever else they can ye can all just rot in the remnants of your jumpped up little lives.

11811

Feck this I'm off to Canada, according to Biggins they have it sussed!

pobber1

Terry wrote: »

I don't see anything there about an emergency budget.

It was just on the 6 o'clock news but the government are not calling it an emergency budget. But let's face it that's exactly what it is, well at least that's what George Leeeeeeeee said.

n0fX

gary the great wrote: »

Dam, well the dole needs to be cut first imo...

Why did they get an €8 increase in January despite everyone else taking cuts and the cost of living dropping?

Is it worth being a CO in the civil Service?
After the pesnion levy, wages of €370 pw, while somebody on the dole get €205 + rent allowence + a medical card. Hardly fair?

One parent Family needs to be looked into as well....the amount of people scamming this is shocking.

Yeah attack the most vulnerable in society, people who have worked and paid taxes for years, people with young children and mortgages. Lets reduce their already pathetic €200/week !! (I'm not on SW by the way, I just think targeting unemployed/elderly/sick is not the way to go). I can assure you 99% of people on the dole would gladly trade places with a public service CO in a flash.

Redpunto

na na ne na na ...................... i've got my fingers in my ears.................................i cant hear you.......................................

Disease Ridden

n0fX wrote: »

Yeah attack the most vulnerable in society, people who have worked and paid taxes for years, people with young children and mortgages. Lets reduce their already pathetic €200/week !! (I'm not on SW by the way, I just think targeting unemployed/elderly/sick is not the way to go). I can assure you 99% of people on the dole would gladly trade places with a public service CO in a flash.

Nah I'd say its closer to around 80% in fairness!

gary the great

n0fX wrote: »

Yeah attack the most vulnerable in society, people who have worked and paid taxes for years, people with young children and mortgages. Lets reduce their already pathetic €200/week !! (I'm not on SW by the way, I just think targeting unemployed/elderly/sick is not the way to go). I can assure you 99% of people on the dole would gladly trade places with a public service CO in a flash.

Ye but why an increase of €8 pw when everyone is taking a hit and the cost of living is dropping?

And believe me, theres a lot of people on jobseekers allowence that have never worked a day in their lives, ye its means tested but they still never contributed. People are disillusioned to whats going on with our social welfare system.

And 99% of people would not trade positions with a CO, way way way less....why work when you can get your rent paid for, a medical card and only come out with €165 less cash a week?

PeakOutput

Quazzie2002 wrote: »

I would just like to add that anyone that thinks that FF had any say in the way this country has gone is a moron. FG the power hungry shower of **** would have done a far worse job.

The recession in Ireland has been pushed upon us by our ties with much larger countries, as these larger countries tighten their belts they will be considering us less and less, and thats what will trully fcuk us over. €8100 helicopter flights for a 2 hour seminar is not helping, but its not the cause of the recession. Finger pointing by people who suddenly can't live without the luxuries that they foolishly accustomed themselves to during an overinflated bubble where suddenly people thought for a second that providing some basic services for people was suddenly warrant enough for some of the ludicrous charges that were banded about.

There are genuine people that did not do this during the boom and for them I genuinely feel sorry, but the rest, and including those who like to blame FF and whoever else they can ye can all just rot in the remnants of your jumpped up little lives.

eh your talking out of your arse and thats from someone who completely understands the affect the worldwide downturn is having on us.

who do you think are the people who created our close ties with the other big countries? id hazard a guess its probably the people who have been controlling our country

the goverment are not totally to blame and yes the reason their ineptitudes are coming to the fore is because of the global downturn, that doesnt change the fact the ineptitudes exist

Latchy

dsmythy wrote: »

Every country is frucked. But some are more frucked than others.

which reminds me of this from Animal farm

'' all animals are equal , but some are more equal than others ''.

FlutterinBantam

Standard rate up to 23%

Middle up to 43%

Upper.. whatever you are having yourself.

drink fags petherol to get a wahck

Childers allowances to be looked at later... property tax...

All incomes to come within the tax net....


Whew... going to be rough... fasten seat belts...

Professey Chin

latchyco wrote: »

which reminds me of this from Animal farm

'' all animals are equal , but some are more equal than others ''.

I dont remember that
All I remember is "Ohhh ohhh oh god". Not a pleasant film really

javaboy

latchyco wrote: »

which reminds me of this from Animal farm

'' all animals are equal , but some are more equal than others ''.

And as they looked from Cowen & Harney to the pigs and back again, they found it harder to tell which was which.

Ulysses Gaze

FF, the power hungry shower of **** couldn't have done any worse of a job.

Lol.....fixed that for you

Caoimhín

Well i have my guns, tins of beans and a generator up here in the northern forests. And if i get lonely while chaos descends, well... theres always the dog....

Highsider

IMO it's time to half the public sector pay (yes half) and cut the dole by a third at least. Also we need to close the doors to foreign nationals coming to work and live here (we are full up) and finallly all goverment ministers should have their pay reduced by two thirds. Yes there is other stuff we could do but if the country wants to stay afloat we must act yesterday. Drastic times call for drastic measures.

Darragh29

pobber1 wrote: »

Ha brilliant, but 69cent is a bit steep!

We've 2 bids lads, we're not there yet but we're getting there!!! :D:D

A lot done, more to do!!!

Latchy

Ultimate Chin wrote: »

I dont remember that
All I remember is "Ohhh ohhh oh god". Not a pleasant film really

I cant remember the film much myself tbh ,it's that quote from the book I remember most .

javaboy wrote: »

And as they looked from Cowen & Harney to the pigs and back again, they found it harder to tell which was which.

Pigs with their snout in the bucket all look the same .