Budget 2019

Mr.David

Can anyone confirm the HRI is not being extended beyond the end of 2018?

ednwireland

Mr.David wrote: »

Can anyone confirm the HRI is not being extended beyond the end of 2018?

was wondering that myself got works in there and hopefully a bit more before december, everything ive read says it finishes end dec 2018

James Brown

naughtb4 wrote: »

For who???

I was in a similar quandary. I decided not FF, so I filter out depending on who's running and what they say they'll do. Can't bring myself to vote for a party with a track record of not doing good by the tax payer on the chance others might be the same or worse. I'd rather vote for the off chance I might get a kick in the balls, than vote knowing I'll definitely get a kick in the balls.

From what I can see FG are looking to continue as is with this budget. Screaming 'the economy is doing great' with their fingers in their ears.

Eric Cartman

Amirani wrote: »

https://twitter.com/paulmurphy_TD/status/1049649939159101440

:rolleyes:

jaysus, they'd whinge out of anything.

This is the most socialist budget we've seen in a long time, everything for those who don't work, crumbs for those who do.

Busi_Girl08

Mr.David wrote: »

Can anyone confirm the HRI is not being extended beyond the end of 2018?

Confirmed. No mention of it today so it's out by 31st of December.

James Brown

This is a waste of money:

Housing
€1.25bn allocated for the delivery of 10,000 new social homes through a combination of construction, acquisition and leasing.

Rental Sector

Mortgage interest relief for landlords will rise to 100% from January 1.

Looks like we'll be trying to buy our way out of the housing crisis. The economy will do great out of this, the tax payer, not so much.

ednwireland

Eric Cartman wrote: »

jaysus, they'd whinge out of anything.

This is the most socialist budget we've seen in a long time, everything for those who don't work, crumbs for those who do.

its ok the magic money tree will pay for everything

van_beano

Any word on the Mortgage Interest Relief? Has it been cut to 50% has had been said before hand? Didn't see anything about it on the news sites.

Edit: I see it was already dealt with in the previous budget, being knocked down by 25% each year until it's gone altogether by January 2021

CrabRevolution

van_beano wrote: »

That's a fantastic post, Sleepy. It should be e-Mailed to every TD to outline the unfairness in this budget.

There is no way the likes of AAA, PBP, Solidarity, Sinn Fein can be in any way critical of this budget.

I'm not sure what thread it was but someone posted PBPs "budget" yesterday and it was all magical money tree stuff; enormous social welfare increases, doubling the dole payment for under 26s, free public transport for all, bringing pensions up to 250 per week, scrapping the USC, building €3.5 billion euro worth of social housing in one year, spending a quarter of a billion euro on the Western Rail Corridor, across the board public sector pay increases etc.

Hulk Hands

codrulz wrote: »

the only real problem I have with this budget is that tax on betting only rose to 2% I think that is criminally low. Gambling is a dangerous and addictive activity scourging many people. It is akin to alcohol and cigarettes and should be levied as such.

Quin_Dub wrote: »

It should certainly be taxed at at least the same level as tourism - I don't think 13.5% should be a problem for anyone on gambling..

The amount of people thanking these posts really show how clueless the vast majority of the population are about gambling. It's 2% of turnover. A bookmaker can expect to 5-6% if they're lucky in revenue before overheads. A 13.5% tax would make every bookmaker in the country instantly loss making.

Maybe you're reffering to revenue? Well a 13.5% tax on revenue is less than the bookmakers have already been paying for the past number of years. And now thats been doubled in an idiotic move that will only serve to remove competition from the market. Most small and independent bookmakers will close and there will be job losses. Ladbrokes may leave Ireland seeing further job losses. Plenty of UK bookmakers won't renew their Irish online licenses leaving Irish consumers with 2-3 options legally. Of course, illegal gambling with no tax being paid will increase

cruizer101

Hurrache wrote: »

Can't verify the figures, but someone worked it out
https://twitter.com/skearon/status/1049668190828158976

This is crazy, so a family on social welfare is potentially up 27 quid a week better off whilst a couple working and earning 50k between them get 1 euro extra, not exactly fair to the working person.

Also 44k in payments, a couple would have to be on over 50k to be taking home that and that is ignoring aditional expenses they have such as travel, childchare, work clothes, you could say health insurance as couple on welfare may well have medical card. Doesn't exactly encourage people to work.

tayto lover

The working man needs to down tools and take to the streets over this.
You're penalised if you work under this Govt.

jay0109

A 3rd stinking budget in a row, all 3 resulting in those on welfare getting more than those working.
And thats not even counting the avalanche of housing coming the way of those on welfare

Cork Boy 53

There really should have been an increase in carbon tax in this budget. By not doing it this year, when it does come (and make no mistake it will) the effects will be all the more hard hitting.

The Bishop Basher

tayto lover wrote: »

The working man needs to down tools and take to the streets over this.
You're penalised if you work under this Govt.

I'm sickened by this budget.

Can't believe Leo the liar has done this to us a third time..

Blazer

Cork Boy 53 wrote: »

There really should have been an increase in carbon tax in this budget. By not doing it this year, when it does come (and make no mistake it will) the effects will be all the more hard hitting.

don't worry about it....all us workers will pay for the fines when it comes our way.

ednwireland

Cork Boy 53 wrote: »

There really should have been an increase in carbon tax in this budget. By not doing it this year, when it does come (and make no mistake it will) the effects will be all the more hard hitting.

only if that money is ring fenced to provide real alternatives to using the car.

one example the first train doesnt get into sligo until 11am - crazy stuff.

Creamy Goodness

Using https://taxcalc.ie this year, really liking the new comparison feature on the app. I'm up about €50 a month... Nice!

TitianGerm

Creamy Goodness wrote: »

Using https://taxcalc.ie this year, really liking the new comparison feature on the app. I'm up about €50 a month... Nice!

A single person earning €100k is only up €24 a month based off the KPMG calculator.

Congrats on the massive wages :pac:

Captain Obvious

Hulk Hands wrote: »

The amount of people thanking these posts really show how clueless the vast majority of the population are about gambling. It's 2% of turnover. A bookmaker can expect to 5-6% if they're lucky in revenue before overheads. A 13.5% tax would make every bookmaker in the country instantly loss making.

Maybe you're reffering to revenue? Well a 13.5% tax on revenue is less than the bookmakers have already been paying for the past number of years. And now thats been doubled in an idiotic move that will only serve to remove competition from the market. Most small and independent bookmakers will close and there will be job losses. Ladbrokes may leave Ireland seeing further job losses. Plenty of UK bookmakers won't renew their Irish online licenses leaving Irish consumers with 2-3 options legally. Of course, illegal gambling with no tax being paid will increase

The 2% is supposed to be paid by the customer. The bookies chose to take on that burden.

The Bishop Basher

Creamy Goodness wrote: »

I'm up about €50 a month... Nice!

You need to give up working for that kind of a raise around here..

From what I can tell, I'm up 3 euro a month compared to 20 euro for people on welfare...

irish bloke

Joke of a budget. Where do Sein Fein and the non working people of this country get their sense of entitlement from.

Lets spend all our tax money on building them free houses and giving them a pay rise to their a already free money - let's stick in a Christmas bonus too

Tax cuts to middle income is ridiculous. Why are we still even paying that USC tax in 2018.

Sick of paying for freeloaders....

Assetbacked

Deleted User wrote: »

From what I can tell, I'm up 3 euro a month compared to 20 euro for people on welfare...

It's strange that the unemployment figures are trotted out as indicative of the economy being strong but in real terms, people who are working not better off than in the recession given the cost of living increase the past few years. As such, the 90 odd percent of those working are now livid as a result when they see the comparison of real, tangible benefit to them. Is the government not concerned for the next election?

Gbear

Is there a decent breakdown of who is actually getting social welfare?

What proportion of people are on the dole for more than a year at a time?
What proportion of social welfare paid out is given to long term unemployed vs those who have contributed or will later go on to contribute more than enough to cover the cost in income tax?

There's a difference between giving multi-generational layabouts an increase vs giving someone between jobs an increase, or someone upskilling an increase in the back to education allowance, that'll be repaid multiple times over with the tax revenue from a higher skilled job they will end up getting.

If it's the case that 15% of individuals who receive the dole have no interest in working, and account for 90% of the annual costs, then it doesn't mean the amounts need to be reduced, but that more needs to be done to tie the payment to legitimate need and proof of engagement in education or finding work.

mickdw

L1011 wrote: »

Letting the IA refuse an increase on diesel specifically is insane if true. The price differential and tax system are encouraging people to buy and drive more damaging vehicles based on a Green Party decision a decade ago that is now obviously wrong

TO be honest it is not a new discovery that Diesel engines spit out all sorts of harmful / cancer causing emissions. This is known for years and was known when the greens brought in the diesel nonsense in 08.

I have a major issue with all these penalty taxes based solely around carbon. Fair enough, save the planet etc but I feel there are more important issues to look towards when deciding direct taxes that are intended to sway public behaviour.
I believe the carbon taxes should be level 2 with immediate health damaging issues taking precedence.

In short, the greens should be taken out and shot for their short sighted & poorly researched health damaging policy.

Hotblack Desiato

Assetbacked wrote: »

in real terms, people who are working not better off than in the recession given the cost of living increase the past few years.

Certainly not if they're renting!

Trimm Trabb

Any mention of the special interest savings account that was mooted for first time buyers?

Hulk Hands

Captain Obvious wrote: »

The 2% is supposed to be paid by the customer. The bookies chose to take on that burden.

That would instantly kill betting in Ireland. No Irish customer is going to pay 2% when they can so easily do it for nothing online. And anyway, the likes of PP are always going to swallow the cost which they can afford to do but others can't. It'll mean just PP are left as the local independent can hardly charge tax (which few would be stupid enough to pay regardless) when the bigger competitor isnt

lawred2

What do FG actually stand for?