Please explain how the tax take will increase

Justin Collery

The tax take this year will be about €31bn.

Can someone please give me a reasoned argument as to why this should increase by any significant amount in the next 4 to 5 years. It's possible it will hold steady next year, maybe. It might even grow by a percent of two for each of the 4 years after that, but I cannot see why it would do any better than that.

2010---->2011---->2012---->2013---->2014
31bn---->31bn---->31.6bn-->32.25bn->32.89bn

Can somebody please explain to me how the government will take in any more tax? Sure they could tax every worker an extra €1,000 a year. That would bring in €1.8bn. Apart from the damage that would do, it's small change, about 1/10 of what is needed. Maybe we should go 25% this year and tax every worker €2,500 extra. We would have to do the same each year until 2014 so that every worker is paying €10,000 more in tax than they are today. In theory that would raise €18bn but does anybody really think thats reasonable? :rolleyes:

Alternately can somebody please explain to me how we plan to spend €20bn less in 2014 than we are spending today, any plan I have seen sees spending constant at €50bn-ish. Even by reducing spending by €20bn I think we will still miss the EU 3% target given our interest bill at that stage. A 40% cut in spending from where we are right now. Any idea how to do it? Maybe Lenihan will tell us in November.

Baring a lack of explanation of either of the above, can somebody explain to me great ways of making money in countries run by IMF types (examples greatly appreciated) :P

JC

Pete4779

Best solution would have been of course to hire someone to run the gas off Mayo to sell and that we pick up royalities from it. Doesn't work for the commies that gave it away, seeing as they were so desperate to be buddies with big international energy companies.

I am not sure how much revenue it would bring in, but would be a steady stream of income for the country.

(Instead of course we just gave it away like a bunch of ****ing Guardian readers).

Tipp Man

Well that is the great mystery isn't it

How the hell are we going to get ourselves out of this mess.

How spending was allowed to get to such levels is just pure madness. And once you give money to people it is very very difficult to get it back.

For definite we need to get the social welfare bill down by reducing welfare amounts and by getting some bloody jobs into this country which will increase the tax take a bit as well

Its probably a case of increasing taxes and reducing expenditure - although the bulk of the savings will have to come from expenditure reduction as it is way out of hand

johnnyskeleton

The government's plan is to have another property bubble that would put the last few years to shame.