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Budget 2025

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Comments

  • Registered Users, Registered Users 2, Paid Member Posts: 13,980 ✭✭✭✭Cluedo Monopoly


    I get the sense that the budget has already been forgotten. It was leaked so early and the media have been using the phrase giveaway budget for months now. So the public listened to some of it on Tuesday and it already old news. The Iran attack probably didn't help it's cause. There is more focus on the expensive phone pouches.

    Post edited by Cluedo Monopoly on

    What are they doing in the Hyacinth house?



  • Registered Users, Registered Users 2 Posts: 33,895 ✭✭✭✭zell12




  • Moderators, Sports Moderators, Paid Member Posts: 32,781 Mod ✭✭✭✭Podge_irl


    It is quantifiably not "the most progressive system". You want to argue for it go nuts, but you can avoid the transparently false claims while doing so.



  • Registered Users, Registered Users 2, Paid Member Posts: 19,731 ✭✭✭✭ELM327


    It absolutely is. Progressive means those that earn more, pay more. A flat tax (even with a tax credit to let's say exclude the 23k and below from taxation) of 25% means that if you earn 23,001 you pay 25 cents, but if you earn 123,001 you pay the same 25 cents, but also 25% on the rest, so 25k.



  • Moderators, Sports Moderators, Paid Member Posts: 32,781 Mod ✭✭✭✭Podge_irl


    Even by your definition, the current set up is more progressive. In no universe and by no definition is a flat tax rate the "most progressive".



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  • Registered Users, Registered Users 2 Posts: 15,003 ✭✭✭✭Geuze


    A progressive tax means that higher earners don't just pay more tax, they pay a higher share/fraction/percentage of their income in tax.

    A flat tax is known as a proportional tax, e.g. a flat 20% on all income, and is, by definition, not progressive.



  • Registered Users, Registered Users 2 Posts: 26,103 ✭✭✭✭Kermit.de.frog


    The reliance on a handful of multinationals to swell the coffers with Corporation Tax way beyond what is justified by the actual productivity of the country I think is alarming. Looks like it will continue to surge as a proportion of total revenue.

    If just a handful of companies change their global tax arrangements we'll be in serious trouble. If just one does it like Apple billions would disappear from revenue overnight.

    If you ignore "windfall" CT reciepts this country has an underlying deficit of €6.25bn.

    I'm genuinely worried that the government, opposition and population generally have short memories about all those lives destroyed the last time this country found itself overly reliant on one stream of revenue.

    This can only work for the state if literally none of excess corporation tax goes on current spending. I'm not convinced that's what's happening.

    I also thought the manner of the budget throwing out goodies to everyone was pretty reckless and very reminiscent of the absurd budgets before the 2008 crash. Granted most are "one off" but that's €2.2bn sent out the door alone.



  • Registered Users, Registered Users 2 Posts: 18,784 ✭✭✭✭Loafing Oaf


    Of course it's tough to make predictions, especially about the future, but I'd say this is the sort of projection re corporation tax that the next government will be guided by



  • Registered Users, Registered Users 2 Posts: 26,103 ✭✭✭✭Kermit.de.frog


    I don't trust Irish governments to remain disciplined and refrain from using some of the receipts for day to day spending. I think it would be a disaster.

    The biggest issue I have with the budget is that it raises the same misguided expectations as in the 2000's for politicians and the public - that this is the new normal again.

    I hope I'm wrong but I don't think I will be on past experience.



  • Registered Users, Registered Users 2 Posts: 26,103 ✭✭✭✭Kermit.de.frog


    To labour the point CT could conceivably take over from income tax in the coming years as the primary source of income for the state

    Untitled Image


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  • Registered Users, Registered Users 2 Posts: 2,177 ✭✭✭bilbot79


    I think generally no, people who are higher earners are generally harder workers and there is more that goes into it as well like

    1/ Studying well at school

    2/ Maintaining discipline throughout their lives in respect of professionalism

    3/ Sacrificing work/life balance in favour of their careers

    4/ Taking on more stress

    When I was a lower earner in a call center I worked extremely hard from 9-5:30 but when I was done I was done. Didn't take it home with me and didn't have to give work a second thought nor did I have to consider giving up Sunday pints. Now I'm a high earner I find myself missing the simplicity of it and all I want to do is make even more sacrifices so that I can save enough to retire early. MNCs are attracted to Ireland partly because people like me work hard but the burdensome tax regime makes Ireland less attractive to me. The government would do well to take their foot of the neck of higher earners a little. 2008 was 16 years ago now, higher earners have contributed enough.



  • Registered Users, Registered Users 2 Posts: 231 ✭✭Alonzo Mosley


    Did you find the answer, I'm in the same boat….. Maybe revenue will add automatically?



  • Registered Users, Registered Users 2 Posts: 3,968 ✭✭✭Rocket_GD


    That is purely your opinion though. High earnings does not denote hard work in the slightest.

    You've given the example of working in a call centre for a lower earner, that is not seen as hard job, I did it myself for a couple of years. I'm talking about physically hard work like being a labourer on building sites or highly manual factory work. This is far "harder" work in some people's eyes than sitting at a desk making decisions.

    These workers are lower earners but have a very physically hard jobs. Yours is more mentally draining granted.

    However you choose to take work home with you, you're choosing to sacrifice your work/life balance. You can also choose not to do that no matter your earnings. The second I log off from work, I'm off, don't respond to emails/take a single call, I don't give the job a second thought once I log off and I'm not a low earner.



  • Registered Users, Registered Users 2 Posts: 33,195 ✭✭✭✭blanch152


    The current government is left-wing, they support property taxes, they increase the minimum wage to the highest in the EU, they increase social welfare rates to the highest in the EU, they have the most progressive income tax system in the EU.

    I don't think you understand the difference between right-wing and left-wing. Ireland hasn't had a right-wing party in government since the Progressive Democrats.



  • Registered Users, Registered Users 2 Posts: 33,195 ✭✭✭✭blanch152


    https://www.rte.ie/news/education/2024/1003/1473372-phone-pouches/

    So out of billions and billions, the only thing that SF could find wrong with the budget was the €9m allocation to take mobile phones out of the classroom.

    https://www.education-ni.gov.uk/news/guidance-use-mobile-phones-schools-launched

    What is most bizarre about this is that only a month ago, Sinn Fein were part of a government in the North that launched a pilot programme to do exactly the same thing.



  • Registered Users, Registered Users 2 Posts: 746 ✭✭✭al87987


    Just my own experiences but I've always found the higher up you get, the less hard you have to work.

    You can delegate a lot more, correcting and reviewing subordinates work (who cost a fraction of your higher rate).

    I think when you reach a higher level you get paid more for the skills and experience you bring than actual hard work or time inputted.

    Obviously not true of all professions/industries but I have usually found that it's the higher ups who get to leave work early, are found on the golf course and take extended lunches etc…

    I know I worked a lot harder when I was qualifying (attending college after work/ study etc…), than I ever have since rising up the ranks.



  • Registered Users, Registered Users 2 Posts: 33,195 ✭✭✭✭blanch152


    There is a certain amount of truth to that, but also, there were things that I did as a junior employee that might take me two days that I can get done in ten minutes now, thanks to experience and knowledge. That makes me much more productive.



  • Registered Users, Registered Users 2 Posts: 746 ✭✭✭al87987


    Absolutely agree, you are paid for your productivity/skills but I wouldn't classify it as 'hard work'.

    Although you could say that previous hard work has gotten you to the place where that is now the case.



  • Registered Users, Registered Users 2 Posts: 3,968 ✭✭✭Rocket_GD


    100% from my experience also. Work a lot less harder however the decisions made have much more of a strategic impact.

    In my own position each time I've moved roles for more money I've far less work to do but the work that I do actually do is more senior and has far more consequences if not done correctly.



  • Registered Users, Registered Users 2 Posts: 2,177 ✭✭✭bilbot79


    The job market is a supply vs demand price market like any other. There is a much greater supply of people capable of unskilled labor than there are of seasoned finance professionals that can run a department effectively (supposedly with no hard work).

    There is no law or moral obligation for the department head to subsidise the manual labourer regardless of how hard they work. As much as it might pain some people to hear it, unskilled workers don't contribute as much to the economy on an individual level. If unskilled workers need more money then they need to upskill.



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  • Registered Users, Registered Users 2 Posts: 17,885 ✭✭✭✭MEGA BRO WOLF 5000


    I logged onto ros.ie and applied the tax credit there..was still based on €750 when I did it not €1000 so I'll have to do it again. If you've any issues doing it feel free to PM me.



  • Registered Users, Registered Users 2 Posts: 14,786 ✭✭✭✭Red Silurian


    I know in Australia there's a 3% tax on income that everybody pays regardless of income, from the minimum wage to the millionaires the tax applies and is used to pay for their NHS.

    Progressive taxation is defined as somebody on a higher income taking on more of the tax burden. If we had a flat rate of 20% on income then somebody earning 10k per year would pay 2k in tax but somebody on 100k per year would pay 20k in tax.

    But the person who earns 10k will pay the same regressive and indirect taxes, VAT, property tax, PSO levy, carbon taxes, fuel duties, as the person on 100k.

    Like the above mentioned NHS tax in Australia there's an argument to be made that a flat rate is somewhat progressive but not when you take into account the spending



  • Registered Users, Registered Users 2 Posts: 14,786 ✭✭✭✭Red Silurian


    I'm not sure if you're trying to stoke up support for FFG or if you genuinely believe what you say but one way or another you should really stop with the bullsh1t



  • Registered Users, Registered Users 2 Posts: 15,003 ✭✭✭✭Geuze


    I agree with you, except for the reference to property taxes.

    Are you suggesting that property taxes are typically more supported by left-wing parties?



  • Registered Users, Registered Users 2 Posts: 33,195 ✭✭✭✭blanch152


    Yes, property taxes across Europe are typically more supported by left-wing parties.



  • Registered Users, Registered Users 2 Posts: 33,195 ✭✭✭✭blanch152


    Every single thing listed in my post is a FACT.



  • Registered Users, Registered Users 2 Posts: 14,786 ✭✭✭✭Red Silurian


    Maybe in your head they are facts but here in the real world, where we don't spell words with all capitals, there is maybe 2 facts in your list

    The current government is left-wing, False - it is composed of 3 right wing parties. Fianna Fail, Fine Gael and the Greens

    They support property taxes - True, although the relevance is questionable

    They increase the minimum wage to the highest in the EU - False, Luxembourg Minimum wage is €14.86

    They increase social welfare rates to the highest in the EU - Completely False, in France for example jobseekers equivalent is based on the wages you earned before you were let go

    They have the most progressive income tax system in the EU. I'm going to assume this is false without checking given your lack of taxation knowledge shown on the politics forum so far. By all means, prove otherwise but I'm fairly sure you won't bother

    Your rant about the PD's - maybe true. They were very liberal about contraception and divorce, probably would have been similarly liberal about gay marriage and abortion if they were issues at the time, but they did have a very pro-business approach making sure the fat cats got fatter and the banks got looked after at our expense etc.



  • Registered Users, Registered Users 2, Paid Member Posts: 17,899 ✭✭✭✭astrofool


    The greens would at most be centre left, FF are populist centre, FG are slightly to the right of centre.

    Property/wealth taxes are typically a left-wing measure.

    You should compare the nominal jobseekers' rate rather than the rates that occur based on salary.

    I believe we still have the most progressive, though maybe France beat Ireland there with their punitive taxes over certain amounts (so possibly higher average but lower median).



  • Registered Users, Registered Users 2 Posts: 14,786 ✭✭✭✭Red Silurian


    The greens would at most be centre left, FF are populist centre, FG are slightly to the right of centre.

    The renua logo is a bird with 2 right wings and still are more left than the greens. I accept this is in contrast to many other green parties around the world

    Property/wealth taxes are typically a left-wing measure.

    In most countries home ownership is seen as being of a wealthier class, in Ireland it's seen as a necessity. Germany for example has rent controls that allow a less-well-off person to live comfortably into retirement in the rental sector. The main homeowners there are large institutional pension funds. It wouldn't be unusual to be a pensioner and renting from your own pension fund in most of Europe

    You should compare the nominal jobseekers' rate rather than the rates that occur based on salary.

    We could spend the day doing a deep dive to find a narrative that suits. Jobseekers in France can get up to €1500 per month. Ireland that figure is less than €300 a week

    I believe we still have the most progressive, though maybe France beat Ireland there with their punitive taxes over certain amounts (so possibly higher average but lower median).

    It's nice to have a faith, but just because you believe in something doesn't make it a fact. The very notion that you yourself question that belief would suggest it to be inaccurate



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  • Registered Users, Registered Users 2 Posts: 33,195 ✭✭✭✭blanch152


    Complete and utter nonsense about home ownership being necessary in Ireland.

    Are you somehow suggesting that the Irish are special or unique?

    You are the epitome of a smoked salmon socialist.



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