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Budget 2016

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1235789

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    #122
    BoJack Horseman
    Registered Users Posts: 12,248 ✭✭✭✭BoJack Horseman


    Well.... at least real terms deficit will continue to fall (to 1.2% of GDP by y/e 2016)


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    #123
    Skylinehead
    Registered Users Posts: 11,690 ✭✭✭✭Skylinehead


    BoJack Horseman wrote: »
    The perception of bloat is probably unfounded at this point.

    2.7% of HSE staffing numbers are for Management & Administration
    7.4% of HSE expenditure is on same.

    Which I think would rate quite well in a large private company.

    I wonder if people were polled on the above where would they assume the numbers would be?
    Is that 7.4% of staffing expenditure, or overall? Because I don't think it's great if the latter.


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    #124
    BoJack Horseman
    Registered Users Posts: 12,248 ✭✭✭✭BoJack Horseman


    Skylinehead wrote: »
    Is that 7.4% of staffing expenditure, or overall? Because I don't think it's great if the latter.

    Overall... but I think It also included the running of facilities & whatnot.


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    #125
    seamus
    Registered Users Posts: 68,317 ✭✭✭✭seamus


    Smokes up by 50c from midnight tonight.
    €10.50, a million publicans just howled in frustration


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    #126
    BoJack Horseman
    Registered Users Posts: 12,248 ✭✭✭✭BoJack Horseman


    The only tax rise will be on Tobacco.... excise up 50c on 20cigs

    €750m in tax reductions


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    #127
    seamus
    Registered Users Posts: 68,317 ✭✭✭✭seamus


    Entry threshold for USC to €13,000

    Est. > 700,000 people will not be liable for USC from next year

    USC rates down to 1%, 3% and 5.5%

    Means that earners under €70,044 will pay 49.5% tax.


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    #128
    efb
    Closed Accounts Posts: 35,514 ✭✭✭✭efb


    Can't wait for calculators


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    #129
    BoJack Horseman
    Registered Users Posts: 12,248 ✭✭✭✭BoJack Horseman


    seamus wrote: »
    Entry threshold for USC to €13,000

    Est. > 700,000 people will not be liable for USC from next year

    Didn't he say that the rise in the USC entry point will exempt 42,000 workers?

    There is nowhere near 700k people earning below the now €13k threshold


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    #130
    Baggy Trousers
    Closed Accounts Posts: 4,816 ✭✭✭Baggy Trousers


    Deleted User wrote: »
    And embarrassingly will work.

    The electorate will take the pat on the head and the accompanying 50p piece, grinning from ear to ear, and will go get some sweets and forget all about the cut on their knee.

    Yep it's why we have a pathetically inept political system.


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    #131
    seamus
    Registered Users Posts: 68,317 ✭✭✭✭seamus


    BoJack Horseman wrote: »
    Didn't he say that the rise in the USC entry point will exempt 42,000 workers?

    There is nowhere near 700k people earning below the now €13k threshold
    Yeah, not sure. I might have been speed misreading. :)


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    #132
    [Deleted User]
    Posts: 0 ✭✭✭✭ [Deleted User]


    Baggy Trousers wrote: »
    Yep it's why we have a pathetically inept political system.

    Because we elect them. We (the electorate) prefer parties to tickle us than to do the right thing.

    Parties learn this and buy into it.

    The cycle continues ad infinitum.

    Only we can stop it, but we never will, because we love a good chin tickle.


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    #133
    Dickerty
    Registered Users Posts: 7,872 ✭✭✭Dickerty


    seamus wrote: »
    Means that earners under €70,044 will pay 49.5% tax.

    Work hard for 20+ years, achieve a modicum of success, continue to get pinged for half my taxable salary - while paying for GPs, Water, bins, child-care, Property Tax....


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    #134
    BoJack Horseman
    Registered Users Posts: 12,248 ✭✭✭✭BoJack Horseman


    Noonan is such a poor orator.


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    #135
    Bob24
    Registered Users Posts: 10,905 ✭✭✭✭Bob24


    Dickerty wrote: »
    continue to get pinged for half my taxable salary -

    Nope.

    50% is only on the higher brackets of your salary. If you're on less than 70k (amount mentioned earlier) your overall income tax + USC is below 35% of your salary.


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    #136
    BoJack Horseman
    Registered Users Posts: 12,248 ✭✭✭✭BoJack Horseman


    9% VAT rate on the hospitality sector remains for a further year.


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    #137
    zl1whqvjs75cdy
    Closed Accounts Posts: 4,042 ✭✭✭zl1whqvjs75cdy


    Are we all rich yet?


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    #138
    seamus
    Registered Users Posts: 68,317 ✭✭✭✭seamus


    Parents to children CAT threshold is now €280k

    Proposing to freeze current LPT valuations to 2019. I.e. your LPT will stay the same.


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    #139
    BoJack Horseman
    Registered Users Posts: 12,248 ✭✭✭✭BoJack Horseman


    donkeyoaty0099 wrote: »
    Are we all rich yet?

    Noonan specifically mentioned that you won't be.

    The rest of us are golden though.


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    #140
    zl1whqvjs75cdy
    Closed Accounts Posts: 4,042 ✭✭✭zl1whqvjs75cdy


    BoJack Horseman wrote: »
    Noonan specifically mentioned that you won't be.

    The rest of us are golden though.

    ****e.


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    #141
    efb
    Closed Accounts Posts: 35,514 ✭✭✭✭efb


    @JohnLyonsTD: Recast €5 duty on ATM cards - no charges for debit card use #budget16


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    #142
    efb
    Closed Accounts Posts: 35,514 ✭✭✭✭efb


    Contactless limit raised from €15 to €30


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    #143
    efb
    Closed Accounts Posts: 35,514 ✭✭✭✭efb


    @FineGael: ICYMI: €550 Earned Income Tax Credit for those with earned income who do not have access to the PAYE credit #Budget16 http://t.co/oMLeDRioz4


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    #144
    efb
    Closed Accounts Posts: 35,514 ✭✭✭✭efb


    Equality


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    #145
    Thargor
    Registered Users Posts: 17,895 ✭✭✭✭Thargor


    Anyone seen one of those calculators that usually pops up around now to tell you if you're better or worse off yet?


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    #146
    Bob24
    Registered Users Posts: 10,905 ✭✭✭✭Bob24


    Thargor wrote: »
    Anyone seen one of those calculators that usually pops up around now to tell you if you're better or worse off yet?

    Not updated yet, but they probably pop-up here or there at some point today.


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    #147
    Dickerty
    Registered Users Posts: 7,872 ✭✭✭Dickerty


    Bob24 wrote: »
    Nope.

    50% is only on the higher brackets of your salary. If you're on less than 70k (amount mentioned earlier) your overall income tax + USC is below 35% of your salary.

    Hence my use of the word 'taxable'... :)


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    #148
    [Deleted User]
    Posts: 0 ✭✭✭✭ [Deleted User]


    Thargor wrote: »
    Anyone seen one of those calculators that usually pops up around now to tell you if you're better or worse off yet?

    http://taxcalc.ie/budget-2015/


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    #149
    Bob24
    Registered Users Posts: 10,905 ✭✭✭✭Bob24


    Dickerty wrote: »
    Hence my use of the word 'taxable'... :)

    You might want to double check what taxable income means. I doubt you are paying anywhere close to 50% tax on your whole taxable income.


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    #150
    Dickerty
    Registered Users Posts: 7,872 ✭✭✭Dickerty


    Anyone have clarity on the childcare changes? We are currently paying for a second year of pre-school for our 4 year old, last year was free so we are paying for this one - should we now get this year for free??


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    #151
    efb
    Closed Accounts Posts: 35,514 ✭✭✭✭efb


    Dickerty wrote: »
    Anyone have clarity on the childcare changes? We are currently paying for a second year of pre-school for our 4 year old, last year was free so we are paying for this one - should we now get this year for free??

    No, takes effect from Sept 16


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