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Fixed rate income tax: why don't we have it?

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    #32
    Count Dooku
    Registered Users Posts: 2,416 ✭✭✭Count Dooku


    EoghanConway wrote: »
    We have fixed rate taxes, CAT, VAT*, Corporation tax, DIRT etc.

    Why not income tax? Why not a flat 20% or 25% on all earnings be it from salary, JA/JB, investments?

    *Yes I know there are different VAT rates for certain essentials
    Less jobs for revenue clerks and payroll assistants
    Plus less ways to minimize taxes



    BornToKill wrote: »
    My preference would be for the Drumm tax system reported in today's Irish Times:

    "DAVID DRUMM earned more than €10 million during his period as chief executive of Anglo Irish Bank but paid less than €10,000 in income tax."
    Typical left wing propaganda in elections day in order to help left wingers get votes
    Drumm paid €6.3 million in tax
    The Irish Times reported incorrectly that he had paid almost no income tax during the period. The report was based on a misinterpretation of a Revenue document filed in a Boston court.


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