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Budget 2016

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    #152
    Kristopherus
    Registered Users Posts: 11,907 ✭✭✭✭Kristopherus


    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??

    Free from age 3 to age 5.5yrs or goes to full school.


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    #153
    xabi
    Registered Users Posts: 2,997 ✭✭✭xabi


    Deleted User wrote: »
    http://taxcalc.ie/budget-2015/

    that's last years


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    #154
    Thargor
    Registered Users Posts: 17,895 ✭✭✭✭Thargor


    xabi wrote: »
    that's last years
    Dont bother clicking on 2016 on it either:
    This is a preliminary calculator and as such is the same as 2015 at the moment.


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    #155
    Kristopherus
    Registered Users Posts: 11,907 ✭✭✭✭Kristopherus


    xabi wrote: »
    that's last years

    You can click on 2016, but its the same as 2015.


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    #156
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Surprising fact from RTE -> 22% of all income tax and USC is paid by just 1% of taxpayers

    How if we could get some more of those 1%ers....


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    #157
    Dickerty
    Registered Users Posts: 7,872 ✭✭✭Dickerty


    efb wrote: »
    No, takes effect from Sept 16

    Are you sure? None of the news sources have stated that. The statutory paternity leave of two weeks is the only thing I can see taking effect in September 2016.

    Scratch that - "Central to the €83m package is the roll-out of two years free pre-school for children aged between 3-5 from September 2016." from the Indo

    Madness to introduce something that would be a big plus to families, in a 'giveaway' budget, and then say it wouldn't apply for 11 months - well after the election.


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    #158
    TheDoc
    Registered Users Posts: 23,137 ✭✭✭✭TheDoc


    Deleted User wrote: »
    Surprising fact from RTE -> 22% of all income tax and USC is paid by just 1% of taxpayers

    How if we could get some more of those 1%ers....

    Some would argue they pay enough...


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    #159
    Dickerty
    Registered Users Posts: 7,872 ✭✭✭Dickerty


    Deleted User wrote: »
    Surprising fact from RTE -> 22% of all income tax and USC is paid by just 1% of taxpayers

    How if we could get some more of those 1%ers....

    A stat that many opposition politicians choose to ignore when they crow about going after those who can afford to pay more...


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    #160
    efb
    Closed Accounts Posts: 35,514 ✭✭✭✭efb


    Dickerty wrote: »
    Are you sure? None of the news sources have stated that. The statutory paternity leave of two weeks is the only thing I can see taking effect in September 2016.

    Scratch that - "Central to the €83m package is the roll-out of two years free pre-school for children aged between 3-5 from September 2016." from the Indo

    Madness to introduce something that would be a big plus to families, in a 'giveaway' budget, and then say it wouldn't apply for 11 months - well after the election.

    I heard him say it


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    #161
    efb
    Closed Accounts Posts: 35,514 ✭✭✭✭efb


    Dickerty wrote: »
    Are you sure? None of the news sources have stated that. The statutory paternity leave of two weeks is the only thing I can see taking effect in September 2016.

    Scratch that - "Central to the €83m package is the roll-out of two years free pre-school for children aged between 3-5 from September 2016." from the Indo

    Madness to introduce something that would be a big plus to families, in a 'giveaway' budget, and then say it wouldn't apply for 11 months - well after the election.

    Link with school year


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    #162
    efb
    Closed Accounts Posts: 35,514 ✭✭✭✭efb


    https://www.youtube.com/watch?v=hBRcv7Olk0I


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    #163
    Icepick
    Registered Users Posts: 2,454 ✭✭✭Icepick


    €2.2 billion goes to the Department of Justice, in 2016 funding is being made available to recruit and train a further 600 gardaí.
    Good but also increase the retirement age by 5 years.


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    #164
    keane2097
    Registered Users Posts: 17,770 ✭✭✭✭keane2097


    Seems like the mooted sugar tax would have been a no brainer?


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    #165
    Dob74
    Registered Users Posts: 1,049 ✭✭✭Dob74


    Deleted User wrote:
    Surprising fact from RTE -> 22% of all income tax and USC is paid by just 1% of taxpayers

    Deleted User wrote:
    How if we could get some more of those 1%ers....


    It's not like those high flying bankers have ever got any assistance from the state. And Let's write off more money from bankrupt property developers.
    The poor 1%.

    F €€k em


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    #166
    xabi
    Registered Users Posts: 2,997 ✭✭✭xabi


    http://taxcalc.ie/budget-2016/


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    #167
    dr.kenneth noisewater
    Registered Users Posts: 5,663 ✭✭✭dr.kenneth noisewater


    efb wrote: »
    Contactless limit raised from €15 to €30

    Missed this, is it for all banks? Should really be up to €50 to try encourage more people to use it


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    #168
    efb
    Closed Accounts Posts: 35,514 ✭✭✭✭efb


    dr.kenneth noisewater wrote: »
    Missed this, is it for all banks? Should really be up to €50 to try encourage more people to use it

    More chance for fraud


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    #169
    Thargor
    Registered Users Posts: 17,895 ✭✭✭✭Thargor


    xabi wrote: »
    http://taxcalc.ie/budget-2016/
    As I said on the previous page, thats just the 2015 one, it might never be updated.


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    #170
    km79
    Registered Users Posts: 48,148 ✭✭✭✭km79


    So FEMPI is dead now right ? financial crisis obviously over with this budget
    Loom forward to not paying 7.5% of my wages to a "pension levy"


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    #171
    Greyian
    Registered Users Posts: 976 ✭✭✭Greyian


    xabi wrote: »
    http://taxcalc.ie/budget-2016/

    I know that this isn't your tax calculator, but it doesn't have the correct USC bands for 2016.

    It has 12,000 as the cut-off for Band 1, which is actually 13,000 now. So if you have a salary that is in Band 3 (~€18,500 or more), your annual USC bill is actually €20 less than the calculator says (it's taking the €1k between 12 and 13k at 3%, instead of the 1% it should be at).


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    #172
    xabi
    Registered Users Posts: 2,997 ✭✭✭xabi


    Thargor wrote: »
    As I said on the previous page, thats just the 2015 one, it might never be updated.

    its updated for me anyway


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    #173
    Greyian
    Registered Users Posts: 976 ✭✭✭Greyian


    Thargor wrote: »
    As I said on the previous page, thats just the 2015 one, it might never be updated.

    It has been updated, but the USC bands are incorrect (they are at 12000 and ~18500, instead of 13000 and ~18500).


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    #174
    efb
    Closed Accounts Posts: 35,514 ✭✭✭✭efb


    Dobbo got Lucinda's party name wrong lol


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    #175
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    TheDoc wrote: »
    Some would argue they pay enough...

    On those figures it would seem so.

    I meant getting a few more people into that earning category....


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    #176
    [Deleted User]
    Posts: 0 ✭ [Deleted User]


    Dob74 wrote: »
    It's not like those high flying bankers have ever got any assistance from the state. And Let's write off more money from bankrupt property developers.
    The poor 1%.

    F €€k em

    I wouldnt be surprised if the property developers were not in the top 1% of high income tax payers. They would only pay themselves a salary (and therfore pay income tax and USC) if it was the most tax efficent way to live.

    I wonder what level of income would bring a single person into the top 1% income tax category?


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    #177
    Brendan Bendar
    Registered Users Posts: 19,160 ✭✭✭✭Brendan Bendar


    Excellent budget, promotes the value of work.


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    #178
    Mister Robinson
    Registered Users Posts: 732 ✭✭✭Mister Robinson


    Was there any increase/decrease in student contribution fees for third level education or is that something separate and/or not budget related?


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    #179
    Heisenberg.
    Registered Users Posts: 7,541 ✭✭✭Heisenberg.


    This post has been deleted.


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    #180
    Villa05
    Registered Users Posts: 4,529 ✭✭✭Villa05


    Deleted User wrote:
    Surprising fact from RTE -> 22% of all income tax and USC is paid by just 1% of taxpayers

    Deleted User wrote:
    How if we could get some more of those 1%ers....


    We all cant have Ryan Tubridy's salary


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    #181
    Coat22
    Registered Users Posts: 1,789 ✭✭✭Coat22


    Slowly but surely the country is turning into some sort of socialist dreamland where everyone who's gotten off their ar$e and is earning more than €70k a year (the cheek of them) has their income equalised by some sort of Robin Hood politics.

    I am married, my wife remains home and rears our 2 kids, I earn a good wage, work on average 10/11 hours a day to do so and am away from my family 3 to 4 days most weeks. However in the eyes of the great socialist movement in this country I'm loaded so should therefore pay a disproportionate level of tax so that 750,000 don't have to pay any.

    I just calculated that if, rather than me earning and my wife staying at home with the kids, we both worked and earned half each what I earn (so same combined income) we would be almost €8k a year better off - €8000!!!! So not only am I f*cked by the government for earning more, I'm f*cked again because I'm the sole earner in the family!

    Family budget my eye - populist, socialist scam more like


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