Budget 2016

efb

€249 according to rough tax calc

Brendan Bendar

suicide_circus wrote: »

For once I would agree with Fergus Finlay when he said yesterday that instead of adding an additional fiver to the non means tested child benefit (which most won't notice) as is planned for the budget, Joan Burton should use that €70m in a far more targeted way where it will really be felt such as respite for carers, SNAs, theatre nurses etc

Fergie would say that, wouldn't you think.

Vested interest and all that.

At close to 100 k in ONE OF HIS INCOME SOURCES he is not a source I would take too seriously:cool:

Coat22

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

You've got to think of Da People! Da People can't afford to spend €50 in one transaction - it would just be another budget measure which would benefit the well off in society

tayto lover

Brendan Bendar wrote: »

Excellent budget, promotes the value of work.

No it doesn't.
No incentive for dedicated dolers to look for work at all.

quadrifoglio verde

naughto wrote: »

No she is saying that people on medical cards go to the doc to get nurofen \brofen as it will only cos them 2.50 for 100 tabs

Nah they do that as welll, no issue really with that.
What I'm seeing is a lot of scripts from a&e for 24 paracetamol, I think we both know that if all the dr in a&e prescribed for you was paracetamol or another readily available otc product there was very little reason for you to have gone to a&e.
A simple 10 Euro charge for medical holders to attend a&e would stop this. Then only those im genuine need of services would attend



And I'm a he btw

Spon Farmer

Was there a roaring match in the Dail today?

I heard part of it on the five o'clock news on Radio One but I didn't hear what it was about.

Spon Farmer

Double post - sorry.

Eric Cartman

Disgrace to see the do nothing christmas bonus got handed back and an extra 5er per urchin handed put. Also this craic of 750 million on social housing is a farce.

Nice to see come tax cuts for workers but they could have done a lot more. this business of penalising anyone who dare make over 70k a year is still an absolute smack in the face to the people who keep our country going.

Icepick

Coat22 wrote: »

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

And not only do you work hard and pay a lot of tax, you are also the devil according to SF, AAA and other socialists here and should pay more and be glad they don't lynch you.

Thargor

Greyian wrote: »

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

xabi wrote: »

its updated for me anyway

Why does it say:

This is a preliminary calculator and as such is the same as 2015 at the moment.

?

tayto lover

Icepick wrote: »

And not only do you work hard and pay a lot of tax, you are also the devil according to SF, AAA and other socialists here and should pay more and be glad they don't lynch you.

In this day and age 70K is not being anywhere near super rich, especially is you have kids and run a car.

JustTheOne

[Deleted User] wrote: »

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?

Eh and what about tax on their profits etc?

Thargor

Journal calculator:

http://www.thejournal.ie/budget-2016-calculator-2384341-Oct2015/

Greyian

Thargor wrote: »

Why does it say:
?

I don't know, but if you actually try using it, you'll see the 2015 and 2016 figures are different.

Greyian

Thargor wrote: »

Journal calculator:

http://www.thejournal.ie/budget-2016-calculator-2384341-Oct2015/

Funnily enough, that one seems to have the exact same issue with USC bands.

It says my USC Band 1 figure is €120, when it is actually €130, because of the jump from €12,012 to €13,000 in the threshold. That then affects USC Band 2, which it gives as €200 (it's doing (€18,688-€12,012)*0.03). It should actually be (€18,688-€13,000)*0.03, which gives an actual figure of €170.

Bob24

http://services.deloitte.ie/tc/ seems to be updated.

Jaketherake

All of those calculators are way off.

Greyian

Jaketherake wrote: »

All of those calculators are way off.

The only discrepancy I've come across so far is the failure to update USC band 1 from €12,012 to €13,000.

Jaketherake

All of them have different issues.
Far too many to list.
I think i'll come back tomorrow and look at them. I suppose they are releasing them with bugs at the moment to get them out quickly.

Thargor

The Deloitte one cant even get my weekly wage right.

jjmcclure

On the face of it nothing for the job makers in ireland again!

A small few expected to pay for the many, and 700,000 workers pay zero tax and accrue huge benefits!

This coalition to far to the left for me!

KenHy

Journal.ie one is giving a significant ammount back on pension levy for public sector - don't see any changes to that reported elsewhere so does anyone know what that's about?

DeKing

Pension Levy scrapped effective January 2016

Eric Cartman

jjmcclure wrote: »

On the face of it nothing for the job makers in ireland again!

A small few expected to pay for the many, and 700,000 workers pay zero tax and accrue huge benefits!

This coalition to far to the left for me!

Ireland is too left as a whole. defend freeloaders and the work-shy and apologise for them when they step out of line "ohh he came from a bad area" , yet despise the rich and try to twist the knife at any opportunity.

jjmcclure

DeKing wrote: »

Pension Levy scrapped effective January 2016

Not for the public service

KenHy

DeKing wrote: »

Pension Levy scrapped effective January 2016

Is that the levy on pension funds though? so no impact on take home pay?

Or is it the public service one?

zl1whqvjs75cdy

Budget a bit too far left for me too. Labour won't be getting a transfer from my fg number one in the upcoming election now.

glacial_pace71

KenHy wrote: »

Journal.ie one is giving a significant ammount back on pension levy for public sector - don't see any changes to that reported elsewhere so does anyone know what that's about?

The 7.5% PRD levy is closer to a 9% levy for those in middle management grades. The Lansdowne Road tweak in 2016 was to have reduced the levy by two separate amounts over the course of the year, hence the headline "€1,000 pay increase" repeated ad infinitum by Ministerial advisers. When they actually attempted to calculate how a reduction could be done in stages without affecting so many other cumulative calculations in relation to tax etc they then decided to make it a single annualized-equivalent adjustment of around €700. I say ''around €700" as there's a slightly higher reduction for some of the lower paid. It still wouldn't get much higher than €750. This is an adjustment to a levy, so once the amount is released from the levy to become subject to normal salary liability for tax and PRSI the majority of it will come back to the State. It's something of a red herring but they need to have some 'good news' to announce/re-announce for that segment of the audience.

Bob24

jjmcclure wrote: »

On the face of it nothing for the job makers in ireland again!

A small few expected to pay for the many, and 700,000 workers pay zero tax and accrue huge benefits!

This coalition to far to the left for me!

While I would agree there is too much labour influence in there, when you compare to the rest of Europe Ireland definitely isn't a hardcore socialist paradise.

Probably an extreme example but look at France for example: the socialist party there has been gradually increasing the threshold to start paying income tax, to a point where over 50% of households won't pay a single euro this year. And of course who's been hammered with tax hikes year after year to pay for this: the middle and upper middle class who have seen increases on all the intermediate tax brackets.

Geuze

KenHy wrote: »

Journal.ie one is giving a significant ammount back on pension levy for public sector - don't see any changes to that reported elsewhere so does anyone know what that's about?

Then journal.ie is wrong.