The Tax collectors have us at our tipping point !!

Morrisseeee

Come on Mr Gov, you can do better than that, hit me harder, I've lost one arm & one leg, but tis meerly a scratch, a flesh-wound, come on ya big pussy-cat :rolleyes:

I guess the moral of the story is: don't get married, have a couple of kids & be on the avg industrial wage !!

Average workers are reaching a tipping point over the amount of tax they can pay, experts have said.

With VAT going up 2% in next month’s budget, the Irish Tax Institute has warned the Government that consumers are running out of room to keep giving to the exchequer.

In the last three years, families have seen take-home pay collapse by anything up to €613 after income tax rises, new levies, child benefit cuts, health insurance hikes and the abolition of childcare supplements are all measured.

Bernard Doherty, president of the Irish Tax Institute, said there had been a dramatic impact on people’s ability to pay in just four budgets.

“The capacity for people to bear more pain is running out as we approach an overall tipping point in terms of the money that can be taken from them in tax,” he said.

“We welcome the minister’s commitment not to touch income taxes which would damage employment and the economy; however there is no doubt that €1.6bn in tax adjustments next year would still be felt by Irish taxpayers at an individual level.”

The institute has offered in-depth analysis on how a selection of average family incomes have been hit since 2008.

:: A single worker on the average industrial wage of €35,000 is €157 worse off, while someone earning €75,000 is down €405.

:: A one wage couple with two children on €35,000 are €423 or 16% worse off, while a similar couple on €55,000 lost €283 and those on €75,000 – down €428.

:: A married couple with two children and both working on average wages – a drop of €315.

:: On top of the income tax and levies, child benefit for the parents of two children has been cut by €52 and the childcare supplement of €183 has been wiped out.

The Irish Tax Institute also warned that losses soar to €613 for average earners with children when child benefit cuts, childcare allowances and general living expenses such as commuting costs are factored in.

Most of their assessments on wages do not factor in reduced tax relief on medical bills and increased health insurance costs, the report said.

Mr Doherty said it was vital that the Government looked at an ambitious tax strategy that supported indigenous Irish businesses, job creation and drove the domestic economy.

“The only real solution for increasing taxes is to broaden the tax base through job creation,” he said.

“We need an ambitious tax strategy that supports Irish indigenous business, drives sales and exports and creates the major employers of the future.”

The report found that in just over three years and four budgets, income tax had increased, while five new taxes including the income levy, as it was first known, and now the universal social charge, the pension levy, the €200 second home levy, carbon tax and the expected flat-rate €100 household charge had been introduced.

The group stated that new taxes had brought in €4.8bn over the last three years and another €4.65bn was being targeted over the next four budgets, starting next month.

The institute is now forecasting income tax take this year will exceed 2008, the last days of the boom, and will be the highest on record, beating 2007, despite unemployment tripling since then.

The total income tax take has soared from €13.5bn in 2007 to an estimated €14.1bn this year

Read more: http://www.breakingnews.ie/ireland/workers-on-tax-tipping-point-529647.html#ixzz1eiJqSAY3

cosmicfart

suck it up and quit ur whining already we are all suffering

foxyboxer

A single worker on the average industrial wage of €35,000 is €157 worse off


€157?
€13 a month?

OH NO!!!!!!!!

starbelgrade

While some of the tax cuts have been inequitable, we have to expect that after years of stupidly low taxes & bad management by government, that we would eventually have to foot the bill.

But the amount of whinging about it is ridiculous. I have yet to see anyone starve to death from tax cuts & we're still relatively well off.

Biggins

* http://www.independent.ie/national-news/budget/families-are-enduring-an-average-hit-of-euro600-with-more-cuts-to-come-in-budget-2945816.html

* http://www.independent.ie/national-news/budget/and-thats-not-all-2945810.html

Enough said!

ScumLord

starbelgrade wrote: »

But the amount of whinging about it is ridiculous. I have yet to see anyone starve to death from tax cuts & we're still relatively well off.

You'd be hard pushed to find even a homeless person in this country on the verge of starving. Food is all over the place even if you've no money.

neilthefunkeone

foxyboxer wrote: »

A single worker on the average industrial wage of €35,000 is €157 worse off

OH NO!!!!!!!!

Where do i sign up for one of these average wages... Im nowhere near that money working full time!!!

starbelgrade

Biggins wrote: »

* http://www.independent.ie/national-news/budget/families-are-enduring-an-average-hit-of-euro600-with-more-cuts-to-come-in-budget-2945816.html

* http://www.independent.ie/national-news/budget/and-thats-not-all-2945810.html

Enough said!

Most of those tax measures are common sense in my opinion.

Saila

neilthefunkeone wrote: »

Where do i sign up for one of these average wages... Im nowhere near that money working full time!!!

its easy just call yourself an average man/woman and have 2.5 kids

Biggins

starbelgrade wrote: »

Most of those tax measures are common sense in my opinion.

Don't say too much, they might find a way to tax opinions too!

smash

Biggins wrote: »

http://www.independent.ie/national-news/budget/and-thats-not-all-2945810.html

"The abolition of tax relief for those paying bin charges." WTF? I didn't hear about that...

Biggins

smash wrote: »

"The abolition of tax relief for those paying bin charges." WTF? I didn't hear about that...

Of course you didn't - or did many.
I'm sure you didn't hear about they awarding themselves rights to drive on bus lanes either. (HERE)
...Meanwhile the former garda drivers who resigned the force so to continue as their private drivers, are now recieving state pensions AND driver saleries which are being paid out of TD's expenses - in other words the publics pocket. Therefore we are now paying twice as much! Beat that!

Just quietly done! More daily quiet goings on - nothing to see... move along...

Another day, another thing the people find out about...

smash

Biggins wrote: »

Of course you didn't - or did many.
I'm sure you didn't hear about they awarding themselves rights to drive on bus lanes either. (HERE)

I heard that on the radio the other day... What a joke. I wonder if they'll be allowed do it while their on their 2 months summer holidays from the Dail too.

AeoNGriM

starbelgrade wrote: »

While some of the tax cuts have been inequitable, we have to expect that after years of stupidly low taxes & bad management by government, that we would eventually have to foot the bill.

But the amount of whinging about it is ridiculous. I have yet to see anyone starve to death from tax cuts & we're still relatively well off.

Wow, just wow. :rolleyes:

orourkeda

Morrisseeee wrote: »

Come on Mr Gov, you can do better than that, hit me harder, I've lost one arm & one leg, but tis meerly a scratch, a flesh-wound, come on ya big pussy-cat :rolleyes:

I guess the moral of the story is: don't get married, have a couple of kids & be on the avg industrial wage !!

Youre only realising this now?

orourkeda

foxyboxer wrote: »

A single worker on the average industrial wage of €35,000 is €157 worse off


€157?
€13 a month?

OH NO!!!!!!!!

Thats 3 pints a month

foxyboxer

foxyboxer wrote: »

A single worker on the average industrial wage of €35,000 is €157 worse off


€157?
€13 a month?

OH NO!!!!!!!!

I'd say that's €157 per month really, universal social charge and all.

foxyboxer

RoverJames wrote: »

I'd say that's €157 per month really, universal social charge and all.

Lazy journalist couldn't spare the 'per month' part.

Still though. So what. It's only money. No-one died.

So people might have to *gasp - gulp* budget their money.

Handy11

RoverJames wrote: »

foxyboxer wrote: »

A single worker on the average industrial wage of €35,000 is €157 worse off


€157?
€13 a month?

OH NO!!!!!!!!

I'd say that's €157 per month really, universal social charge and all.

It is. That was (loosely) indicated by saying the reduction was 16%

AnonoBoy

Is there any word on price increases on Chomp bars in the budget?

smash

AnonoBoy wrote: »

Is there any word on price increases on Chomp bars in the budget?

No price increase, but the bars will be smaller.

AnonoBoy

smash wrote: »

No price increase, but the bars will be smaller.

We have now officially reached rock bottom.

sensibleken

foxyboxer wrote: »

Lazy journalist couldn't spare the 'per month' part.

Still though. So what. It's only money. No-one died.

So people might have to *gasp - gulp* budget their money.

whatever you do dont look up the amount of suicides that have been blamed on the increase financial stress in the last few years.

Its only ever people who have lots of money who say 'its only money' some people are genuinly struggling

foxyboxer

AnonoBoy wrote: »

Is there any word on price increases on Chomp bars in the budget?

Not sure but I did hear this.

The Topic of the latest budget took some Time Out today to discuss proposed taxation on Double Decker buses sending markets into a Twirl. After Eight hours of Wispa-s and Flake-ing in government corridors, the minister has decided that the Lion share of the tax will Rolo-ver to next year and will provide an extra Bounty for the exchequer.

Biggins

foxyboxer wrote: »

Not sure but I did hear this.

The Topic of the latest budget took some Time Out today to discuss proposed taxation on Double Decker buses sending markets into a Twirl. After Eight hours of Wispa-s and Flake-ing in government corridors, the minister has decided that the Lion share of the tax will Rolo-ver to next year and will provide an extra Bounty for the exchequer.

*bangs head on work desk* :pac:

LK_Dave

Biggins wrote: »

...Meanwhile the former garda drivers who resigned the force so to continue as their private drivers, are now recieving state pensions AND driver saleries which are being paid out of TD's expenses - in other words the publics pocket. Therefore we are now paying twice as much! Beat that!

Just quietly done! More daily quiet goings on - nothing to see... move along...

Another day, another thing the people find out about...

:eek:


Is this for real?

Biggins

LK_Dave wrote: »

:eek:


Is this for real?

Yes.

mikom

sensibleken wrote: »

whatever you do dont look up the amount of suicides that have been blamed on the increase financial stress in the last few years.

Its only ever people who have lots of money who say 'its only money' some people are genuinly struggling

And the irony is that the VAT on rope is going up in the next budget.
They even try to squeeze ya for money on the way out.

foxyboxer wrote: »

Still though. So what. It's only money. No-one died.

Except a few waiting for treatment.

spoofilyj

Also they are redefining what can be considered Bread...

So Bagels and Onion bread will be more expensive after the budget because of this change... I dont really care about the Bagel increase but Onion bread is yummy...NOMnomNOMnom

Biggins

Un-fcuking real!

Noonan admits: Plans for VAT hike didn’t consider drop in demand

MINISTER FOR FINANCE Michael Noonan has admitted that his proposal to raise VAT by two per cent in the forthcoming Budget – which will raise VAT from 21 to 23 per cent – did not account for any impact on consumer demand.
In response to a parliamentary question tabled by Fianna Fáil’s finance spokesman Michael McGrath, Noonan said his estimates – which said the proposal could raise an extra €670m – did not allow for the fact that it could lead to lower sales.

Continues here: http://businessetc.thejournal.ie/noonan-admits-plans-for-vat-hike-didnt-consider-drop-in-demand-288730-Nov2011/?new_comment=1#comment-161993

Like "Doh!"
Absolutely unreal!

Snakeblood

starbelgrade wrote: »

While some of the tax cuts have been inequitable, we have to expect that after years of stupidly low taxes & bad management by government, that we would eventually have to foot the bill.

But the amount of whinging about it is ridiculous. I have yet to see anyone starve to death from tax cuts & we're still relatively well off.

I STARVED TO DEATH LAST WEEK.