Budget 2025

Thank you 😊 I was gonna open up a thread myself for this budget 2025

The USC has the features of a good tax:

broad base

low rate

Only a populist fool would scrap USC. The tax base should be broadened not narrowed.

Irish government strategy is relying on high earners and corporations which is currently working and bring in high exchequer returns but is a recipe for disaster if something changes or goes wrong as with crisis of 2008.

AS much as I would get a benefit this narrows the tax base, we are also spending 4.5 Billion a year more if we take the excessive additional corpo tax away, this is not sustainable. The levels of corpo tax IMO has peaked this year. We will see the EU harmonization effects come in and other countries looking at how much money Ireland have got and will try and compete going forward. Trump has indicated that the US will be competing so in 10 years time we wont have this cash and our yearly expenditure will be through the roof and our deficit and borrowing getting bigger and bigger.

There'll probably be something but I'll wait rather than speculate.

Increase of €12 for long term unemployed & job seekers what I just read on RTE. There are so many open jobs in this country, we are importing both low and high skilled workers every week from EU and outside the EU. Its a decrease in welfare* rates which is needed as an incentive to go out and get a job. I really don't get the mentality ??

I exclude disability, carers, pensions, etc.

Yeah it's great to see the welfare lifestyle being made even more attractive.

yep it sickens me tbh , why not get the longterm gougers out to sweep the streets for their cash or clean up the parks etc , make them do like 5 hrs a week etc

On paper yes but for someone in a decent area of Dublin with a couple of kids and a mortgage isn't going to feel very rich on 100k after the last coue of years of inflation

You do realize that the person on 100k that the additional 50k would see them lose half due to the ridiculously high income taxes we have here and the government taking 25k on them. then the mortgage/rent differential between trying to get a gaff in Cork and Dublin would take another large chunk out of the remaining in 25k. God forbid if they have a kid or 2 with the cost differential for a creche. Then this is before the all of the higher costs that people pay in Dublin as apposed to Cork would see the differential being almost completely gone. So why should they spare any thought for anyone else.

Lot of assumptions there flabag123....

Is €50k in Dublin not €50k in Cork?

We owe over 200 Billion, we have paid very little back, moving tax rates/bands is far better for the average person, the USC is by far the fairest tax we have as its close to impossible to avoid it unlike income tax which can be avoided easily enough.