Reform Ireland

PoblachtNua

I believe this state is in dire need of strong leadership with policies that have positive effect for long term gain for the people rather than short term gain for the politicians.

I am young and ambitious, I feel there is no party out there which represents my views and that has any decent policies. I propose the creation of a new party (I know crazy) to run on a platform which puts the people first with experts in charge!

One of the main areas I feel is in need of reform is taxation! I have come up with my own model for income tax which will bring in a much larger return for revenue whilst also being fair for low, middle and high income earners. By introducing six tax brackets and abolishing the likes of USC and tax credits. My new solution would raise €26 BILLION based on current figures which I received from Revenue itself.

I have of course got more ideas in relation to taxation and other areas.

sameoldname

The government took in ~€67 billion last year total and of that around €19 billion was from income tax. Are you saying you'll increase:

1. Total government revenue by €26 billion to €93 billion?
2. Income tax by €26 billion to €45 billion?
3. Income tax to €26 billion full stop?

It's not clear in your post.

PoblachtNua

sameoldname wrote: »

The government took in ~€67 billion last year total and of that around €19 billion was from income tax. Are you saying you'll increase:

1. Total government revenue by €26 billion to €93 billion?
2. Income tax by €26 billion to €45 billion?
3. Income tax to €26 billion full stop?

It's not clear in your post.

Yes (3), I am saying that I would increase the income tax take to €26 billion. This would be an increase of €7 billion on the €19 billion that revenue took in last year. I would do this by completely overhauling the income tax system, which I believe is long overdue.

Apologies if I was not clear on what I meant.

Gloomtastic!

And where does the additional €7bn come from? The people at the top who already pay most of the tax, the bottom where they pay relatively little income tax or the middle?

hungry hypno toad

Sounds like I will end up paying more tax. Pass.

johnnyskeleton

Mod note:

OP is a rereg from a few weeks ago, trying to promote his new political party rather than discussing political issues. So im afraid the answer to where the extra €7bn in taxes will come from will have to wait.