Plus increased excise on fuel among other things.
Apologies if this is covered elsewhere
You are perfectly free to give your wealth to whoever you want.
The revenue won't take a penny of it from you.
My son has Aspergers, he's very intelligent and is hardworking on things that interest him. However, people with aspergers have the highest level of unemployment of any dissability. I would say he's not mentally equipped to work for an employer in the sense you mean. I would like to have him inherit every last cent possible to not only make up for the earnings he won't have had, but a normal person would, and to enable him to survive financially after I am gone.
Consider it an in-family social welfare scheme.
You are entitled to leave him every last cent if you want. However he may be taxed on it. That is a separate matter.
The State and society protect your ownership and also give whatever you have value. If there were not strong protections of same afforded by the State, then you'd find that what you possess is valued at a lot less.
So what if it was valued less? What difference does the value of my wealth have to do with the fact that it is still mine?
What makes you think you would still have it if the State did not protect your rights?
And do you think you'd have that wealth without the state or without being in this state?
Is there any chance whatsoever that the taxation system of this state somehow helped you amass that wealth?
So what's the solution? Confiscate my home and savings upon my death?
I've paid tax on all earnings as have you. (I presume)
For some reason anyone getting ahead in this country by working hard have to be reeled in. If you look at the tone of this thread its hard not to see how far left Ireland has swung. Tax for the sake of taxing.
Net average pay per employee in the public sector is below 2008.
Will you go and do one "net income". Gross ye know the amount the rest of us mere mortals have to fork over in tax to pay.
You've lost all credibility when it comes to facts and figures years ago - I wouldn't be calling others out on it.
The system gives your possessions value. So it is not unfair that the system take a portion of that wealth.
How much better off do you think you would be if there was no State to tax you...........but also no State to prevent anybody else from just deciding to take whatever it is you have from you?
"Will you go and do one "net income". Gross ye know the amount the rest of us mere mortals have to fork over in tax to pay."
Something happens to your post when I quote it. The bit I see is in quotes.
Public servants are paying an additional superannuation levy that they didn't pay in 2008. That means their net salaries are lower than 2008, relative to everyone else, as they all pay the same taxes and USC as "mere mortals".
The system has already taken a portion of your wealth before buying its a double taxation no mater how you look at it.
That is true, I am fully in favour of rewarding working. However, the tax system, as currently set up, favours self-employment rather than employment.
No it's not. You pay tax on what you earn. If you leave your property to someone else, then they pay tax on what they receive
If you want to take your argument to its absurd logical conclusion, if I do something for you and you pay me from your net wages, then why should I pay tax on what you paid to me given that you already paid tax on it?
So a payment towards a defined benefit that those of us in the private sector cant afford. PS salaries are between 20 and 27% (and the differential will be more after the recent pay rises) above the private sector. Your gross was more in 2015 than before the cuts , you were told by an external auditor (the IMF) that the tax payer was paying you too much after sh1t like benchmarking (twice) and you were asked to pay some of your fair share for your own pensions and its still not covering the full costs for servicing the pensions in the public sector and had your pay cut marginally and with increments over the years after the cuts - we were paying as a country more for you wages in 2015 then before the pay cuts.
I don't think that's the case at all to be honest.
First off it there is tax on income when buying, then stamp duty, then VAT on the solicitor fees, life insurance and home insurance and then property tax. Then god forbid you want to leave it to someone for them to get ahead a bit then the property is taxed again when its transferred. Its actually multiple taxation on an asset that those coming through now will simply not be able to afford. It is the one thing that keeps me up at night I have a kid like one of the other posters with Autism and he simply wont make it out in the world without some kind of buffer.
Your arguing about someone providing a service, if the property in question was rented out I would expect tax to be paid on the revenue earned.
Well we will have to agree to disagree. We are over taxed in this country and our return on investment is shockingly poor.
The amount of mistruths and plain lies in there is staggering.
Where is there a lie ?
To reduce tax we have to reduce spending.
Where should be cut?
Social Protection €30.3bn
Health €21.7bn
Education €9.3bn
Justice €3.0bn
Debt servicing €18.3bn
Transport €3.3bn
Other €19.1bn
Transport looks horrendously under funded to me. Social Protecrion sticks out like a sore thumb. Health is a shambles, all that spend and very little to show for it.
Are you for real there is billions wasted within this country on the spend side. Case in point our HSE we pump more money per capita than any other country in the OCED and we have one of the poorest results from this money and we could throw another 4/5 billion in and get no where with it. Where does the money go?? I am sure if you had an out side auditor go through some of those outlined like social protection we could save a fortune. I would hazard a bet you know at least one person abusing the system I certainly do. Throwing more money at these has proven to be a black hole, good money after bad.
Have you reported the person you know that is abusing the system? Everyone apparently knows someone but doesn't do anything about it.
I'm not saying expenditure shouldn't be cut by the way, it absolutely should. But it's not going to happen unless we get the Troika back in to do it for us, because our politicians haven't the stones to make those hard decisions.
And look at the grief they get on a daily basis for apparently not spending enough. Too many people with the hand out who don't contribute one cent of income tax per year.
One simple solution is to cut jobseekers by 50% every 6 months, particularly now when there's an abundance of jobs available. But watch as people jump on this post to say jobseekers should be raised, not cut.
Any other taxes you think that certain people should be exempt from?
Again, it isn't multiple taxation. You pay for it. The tax is levied on the person you leave it to.
If the person you leave it to "cannot afford" the tax, then they can refuse the bequest. Or you can leave it to someone else. Problem solved
It is multiple taxation on an asset paid for out of after tax income and then other forms of taxation for that person to continue to own the asset. At what point are we going to stop taxing , you will want a tax per breathe.
So with your in family social welfare I take it they won't be claiming any social welfare from the state......................
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