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Property tax

  • 05-07-2010 06:14PM
    #1
    Registered Users, Registered Users 2 Posts: 89 ✭✭


    There's a lot of talk in the media about the introduction of a property tax. What do we think? Will it happen? Should it happen?


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Comments

  • Registered Users, Registered Users 2 Posts: 4,235 ✭✭✭The_Honeybadger


    It will and it should, we are one of very few countries who don't have one. This is not a reason to introduce one in itself, but our tax base has been shattered and we have a 20bn deficit, and this is, if there was ever a time to introduce one it is now. Water charges are almost certainly on the way also, but they will hardly intoduce them together as there would be uproar. This is also a good thing IMO, people have absolutely no respect for running water here and waste it stupidly, perhaps if it hit them in the pocket they may be more careful, I would only be in favour of this if every house gets an free allowance and it is metered after that, no doubt we will simply get a flat charge giving people no incentive to use water sparingly. That said 50% or thereabouts is lost through poor water infrastructure before it even reaches our houses so this also needs sorting.


  • Registered Users, Registered Users 2 Posts: 3,834 ✭✭✭Welease


    Why not just raise income tax?

    Lets face it, half the country on low pay/pensions etc. will be exempt... any money spent will be eaten up implementing meters and processes... and at the end of the day the usual few tax payers will end up paying the bill anyway...

    Add 1% to tax .. and stop coming up with retarded ways to pretend we are not increasing income tax..


  • Registered Users, Registered Users 2, Paid Member Posts: 24,639 ✭✭✭✭Cookie_Monster


    why raise income tax instead though?

    not every owns or wants to own a house, those that do should pay. granted the stamp duty payments that have already been made will cause issue. there should be no exemption due to income levels, owning a house isn't linked to income


  • Registered Users, Registered Users 2 Posts: 3,834 ✭✭✭Welease


    why raise income tax instead though?

    not every owns or wants to own a house, those that do should pay. granted the stamp duty payments that have already been made will cause issue. there should be no exemption due to income levels, owning a house isn't linked to income

    I see your point, but as you say stamp duty has been paid.. (to my mind) this is not about taxing property for a specific reason, its about raising extra taxes.. so why not just go for income tax?

    And by 1% i meant at the top rate (sorry wasn't clear)... I would imagine (but have no figures) the bulk of people paying top rate of tax own property (given our recent <cough> boom :)).


  • Closed Accounts Posts: 9,364 ✭✭✭ei.sdraob


    mickeyk wrote: »
    It will and it should, we are one of very few countries who don't have one. This is not a reason to introduce one in itself, but our tax base has been shattered and we have a 20bn deficit, and this is, if there was ever a time to introduce one it is now. Water charges are almost certainly on the way also, but they will hardly intoduce them together as there would be uproar. This is also a good thing IMO, people have absolutely no respect for running water here and waste it stupidly, perhaps if it hit them in the pocket they may be more careful, I would only be in favour of this if every house gets an free allowance and it is metered after that, no doubt we will simply get a flat charge giving people no incentive to use water sparingly. That said 50% or thereabouts is lost through poor water infrastructure before it even reaches our houses so this also needs sorting.


    both UK and US etc have property taxes

    didnt stop them getting into huge property bubble either


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  • Closed Accounts Posts: 1,914 ✭✭✭danbohan


    Welease wrote: »
    I see your point, but as you say stamp duty has been paid.. (to my mind) this is not about taxing property for a specific reason, its about raising extra taxes.. so why not just go for income tax?

    And by 1% i meant at the top rate (sorry wasn't clear)... I would imagine (but have no figures) the bulk of people paying top rate of tax own property (given our recent <cough> boom :)).


    because they will have raise income taxes too and probably by a lot more than 1% , maybe not this year . their is no other way that the borrowing can be reduced / maintained otherwise unless you target the untouchables ie the public sector and sw in a dramatic way


  • Registered Users, Registered Users 2 Posts: 3,834 ✭✭✭Welease


    danbohan wrote: »
    because they will have raise income taxes too and probably by a lot more than 1% , maybe not this year . their is no other way that the borrowing can be reduced / maintained otherwise unless you target the untouchables ie the public sector and sw in a dramatic way

    Absolutely.. it sucks .. but thats the facts..

    I just personally don't want to see us implement various other taxes where we spend the bulk of the receipts on collection and admin methods. I'm sorry to say it, but I have no confidence in our government to implement a metering solution that doesn't suck up a large chunk of the potential revenue.


  • Registered Users, Registered Users 2 Posts: 4,236 ✭✭✭Dannyboy83


    Water tax - fine as long as it's ringfenced and used to improve water system. But it won't be.
    Do the people around Galway with poisonous water get refunds etc.?

    Property tax - bit of a nightmare scenario really. Don't believe it should apply to primary residences. I don't think they have property tax in the UK, they have council tax. Money is ringfenced.

    Aren't they considering pay per mile now in the UK for car owners?
    I wonder if rural dwellers will get a discount on their property tax since their homes will probably plummet in value.


  • Registered Users, Registered Users 2 Posts: 685 ✭✭✭jock101


    Property taxes should be introduced in the 2010 December Budget, but only for people earning 40k plus. Social welfare recipients, immigrants and working class people should be exempt.:) The annual rate should be 5pc of the 2005 price of your home, which would be a fair amount to bolster the States revenues.


  • Registered Users, Registered Users 2 Posts: 3,834 ✭✭✭Welease


    Dannyboy83 wrote: »
    Property tax - bit of a nightmare scenario really. Don't believe it should apply to primary residences. I don't think they have property tax in the UK, they have council tax. Money is ringfenced.

    Yes, the UK have council tax.. which hasn't been updated since it was initially implemented. It's used to fund local council expenditure <cough> (street lighting, police etc.).. My last house in the UK was sold for 250K but we still paid council tax rate of 70K as per when they did the initial surveys..

    The tax is used to pay no "house" related items, so why bother to pay a house related tax.. Everyone house owner or not, is using the money that it costs to run this country, so why should only house owners pay?


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  • Registered Users, Registered Users 2 Posts: 685 ✭✭✭jock101


    Welease wrote: »
    Yes, the UK have council tax.. which hasn't been updated since it was initially implemented. It's used to fund local council expenditure <cough> (street lighting, police etc.).. My last house in the UK was sold for 250K but we still paid council tax rate of 70K as per when they did the initial surveys..

    The tax is used to pay no "house" related items, so why bother to pay a house related tax.. Everyone house owner or not, is using the money that it costs to run this country, so why should only house owners pay?

    The UK was an attractive place near Ireland to move too, but with all the new laws and taxes and now this Movement tax, coming soon! AKA Road Pricing. I think it may be time to go across the big splash!


  • Registered Users, Registered Users 2 Posts: 12,297 ✭✭✭✭Sam Kade


    jock101 wrote: »
    Property taxes should be introduced in the 2010 December Budget, but only for people earning 40k plus. Social welfare recipients, immigrants and working class people should be exempt.:) The annual rate should be 5pc of the 2005 price of your home, which would be a fair amount to bolster the States revenues.
    So with your plan someone earning €40,000 a year with a house worth €300,000 in 2005 could end up paying €15,000 a year.


  • Closed Accounts Posts: 16,391 ✭✭✭✭mikom


    jock101 wrote: »
    The annual rate should be 5pc of the 2005 price of your home, which would be a fair amount to bolster the States revenues.

    Cowens gonna love you.


  • Closed Accounts Posts: 19,968 ✭✭✭✭mikemac


    jock101 wrote: »
    Property taxes should be introduced in the 2010 December Budget, but only for people earning 40k plus. Social welfare recipients, immigrants and working class people should be exempt.:)

    You think somebody on over 40k is rich?
    They are just over the higher tax threshold and it can even work out that they take home less then somebody who earns less then they do as they get hit with 41%

    It's people in this gap who pay the highest percentage of income to tax and qualify for pretty much no support from the government, they pay for everything!


  • Registered Users, Registered Users 2 Posts: 3,834 ✭✭✭Welease


    Well lets look at it another way....

    There appears plenty of people who somewhat support this tax, and feel those who own properties should pay extra to run this country.. I am going to assume they are in rental properties or live with their parents.

    Lots of people in this country are stuck with massive amounts of negative equity.. Given our normal tax system, this should allow them credits against any potential property tax...

    The tax is being used to run this country, not for specific "house" related work.

    So why not bring everyone into the net as we all benefit from the runnign of this country, and create an asset tax.. You pay your fair share to run this country based on all your assets and savings...

    I'm wondering if this would get the same level of support?

    (or just scrap the whole rediculous plan and up income tax)...


  • Registered Users, Registered Users 2 Posts: 685 ✭✭✭jock101


    You think somebody on over 40k is rich?
    They are just over the higher tax threshold and it can even work out that they take home less then somebody who earns less then they do as they get hit with 41%

    It's people in this gap who pay the highest percentage of income to tax and qualify for pretty much no support from the government, they pay for everything!

    So whats wrong with that, it should be more!:rolleyes:


  • Registered Users, Registered Users 2 Posts: 3,834 ✭✭✭Welease


    jock101 wrote: »
    So whats wrong with that, it should be more!:rolleyes:

    I'm guessing under your rules you would be exempt...


  • Closed Accounts Posts: 9,364 ✭✭✭ei.sdraob


    jock101 wrote: »
    So whats wrong with that, it should be more!:rolleyes:

    yes lets kill the will to work altogether

    we can all sit on the dole using even more borrowed money


  • Closed Accounts Posts: 19,968 ✭✭✭✭mikemac


    jock101 wrote: »
    So whats wrong with that, it should be more!:rolleyes:

    You say immigrants, working class people and people on social welfare are exempt.

    What's working class anyway, here was me thinking this was a Republic.
    If you mean tradesmen then for the last number of years, many earned far, far more then 40k.
    I can't list working class and other jobs, I wouldn't even try so I hope you have a list.

    And immigrants like the many doctors we have are all on more then 40k, but they are exempt if they own a house?

    Posting nonsense, all I know is under your plan you are exempt.
    Tell me, do you even pay 41% tax and watch it the rich and the "most vulnerable in society" tell you how lucky you are to have a job but nobody at all seems to represent you, except plan more taxes


  • Registered Users, Registered Users 2 Posts: 685 ✭✭✭jock101


    Well tax revenue has to be collected to keep the State from collapse. There's nothing else to tax.:rolleyes:


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  • Closed Accounts Posts: 19,968 ✭✭✭✭mikemac


    You're very fond of the one line replies with a :rolleyes:

    Fine so, bring in the property tax but I still don't see exemptions for your "immigrants, working class people and people on social welfare"

    Every special interest group is trying to get out of paying, I'm sure you're in there somewhere,
    The "rich" people on over 40k will pay for it, so it's pretty much income tax anyway, they are the people already paying the most tax


  • Registered Users, Registered Users 2 Posts: 3,834 ✭✭✭Welease


    The "rich" people on over 40k will pay for it, so it's pretty much income tax anyway, they are the people already paying the most tax

    Spot on.. lets just be open about screwing the people who actually pay for cleaning up the mess in the country.


  • Registered Users, Registered Users 2 Posts: 685 ✭✭✭jock101


    You're very fond of the one line replies with a :rolleyes:

    Fine so, bring in the property tax but I still don't see exemptions for your "immigrants, working class people and people on social welfare"

    Every special interest group is trying to get out of paying, I'm sure you're in there somewhere,
    The "rich" people on over 40k will pay for it, so it's pretty much income tax anyway, they are the people already paying the most tax


    Of course I am, its just that the State cant screw/rape me!:rolleyes::D


  • Closed Accounts Posts: 16,391 ✭✭✭✭mikom


    jock101 wrote: »
    Of course I am, its just that the State cant screw/rape me!:rolleyes::D

    Rats deserting a sinking ship are rarely taxed.


  • Registered Users, Registered Users 2 Posts: 685 ✭✭✭jock101


    mikom wrote: »
    Rats deserting a sinking ship are rarely taxed.

    How true, Cayman Islands/Ansbacher accounts etc...
    Up the Republic!


  • Closed Accounts Posts: 16,391 ✭✭✭✭mikom


    jock101 wrote: »
    How true, Cayman Islands/Ansbacher accounts etc...
    Up the Republic!
    jock101 wrote: »
    I have decided to emirgrate in the next year. I was planning on going to the UK, but with all the New taxes and cuts coming over there, and this proposed new Road pricing. No Thanks, so what other English speaking Country's would be a good option?

    Does not compute.....


  • Registered Users, Registered Users 2 Posts: 3,553 ✭✭✭lmimmfn


    no doubt it will be 3000euro a year regardless of your home and location and you only pay it if youre not on welfare, state pension only and if you earn less that 100k, because the poor developers under siege from Nama and creditors cant afford the 3000euro on their 1m euro homes lol

    Really is there going to be any incentive to work whatsoever by 2012? i worked out what the story would be if the wife took 2 years off work to look after the kid on the way, we'd both be better off on welfare lmfao

    Ignoring idiots who comment "far right" because they don't even know what it means



  • Registered Users, Registered Users 2 Posts: 685 ✭✭✭jock101


    mikom wrote: »
    Does not compute.....

    Its called being sarcastic!:rolleyes:

    Like anyone who wants a future. An exit strategy is advisable:rolleyes:.


  • Closed Accounts Posts: 16,391 ✭✭✭✭mikom


    jock101 wrote: »
    Its called being sarcastic!:rolleyes:

    Like anyone who wants a future. An exit strategy is advisable:rolleyes:.

    Be careful....... if they were taxing rolleyes on this thread, you'd be penniless.


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  • Registered Users, Registered Users 2 Posts: 685 ✭✭✭jock101


    mikom wrote: »
    Be careful....... if they were taxing rolleyes on this thread, you'd be penniless.

    Sure I already am!;):rolleyes::rolleyes::rolleyes::rolleyes:

    Oh no im in negative equity:eek:


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