Geuze wrote: » Yes, high marginal income tax rates may well lead to less work done...
Geuze wrote: » MNCs are now suggesting that even though our CT rate is low, our MTR is getting too high to attract mobile executive talent.
Geuze wrote: » We can collect more tax without the excessive damage caused by too high MTRs.
Geuze wrote: » It didn't work before. Sure some of the biggest protests in Irl were the tax marches of the 80s, against high MTRs.
Geuze wrote: » If we want to collect more tax, and especially off higher earners, then there are better ways to do it than impose very high MTRs.
Slick50 wrote: » We are constantly being told, by the people it would affect, that you can't be taxing the wealthy. They'll all up and leave, quit there jobs... and go where, we are also being told this is a global recession.
Geuze wrote: » HOWEVER to close the huge fiscal deficit, everybody will have to pay more tax, including a property tax.
dvpower wrote: » Or come down even more.
dvpower wrote: » I don't know exactly what qualifications are required to do a job that is pretty much unprecedented in Irish history, but he seems to be making a pretty good job of it.
dvpower wrote: » After all your time on this thread, why do you need to ask that question!
darkhorse wrote: » After all your time on this thread, why do you still answer my question with another question.
dxhound2005 wrote: » The only thing I don't see (surprisingly from a socialist analysis) is a wide ranging private property tax. This is the tried and tested model giving a guaranteed long term income stream not easily open to evasion in practically every other developed country.
Geuze wrote: » We have increased taxes on high earners (PRSI ceiling abolished), but we could do more. Don't allow tax exiles, take their passport and citizenship off them. Abolish property and pension tax reliefs for high earners. Abolish all tax relief schemes used by high earners. Introduce a MINIMUM EFFECTIVE TAX rate on earnings, even if you use loads of reliefs (done already, but more could be done). HOWEVER to close the huge fiscal deficit, everybody will have to pay more tax, including a property tax.
darkhorse wrote: » Just as a matter of interest, and this is a genuine question, dx, but how many countries, that you know of, whose people pay property tax, without any return, or am i being naive in thinking that any impending property tax would cover bin services, etc.
In the coming years, though, this urban-rural imbalance may be alleviated when councils set their own rates as services are cheaper to provide in cities.
donalg1 wrote: » I see they are drawing up a list of exemptions too, why cant everyone be liable why the need for exemptions, absolute sh1te, anyone solely dependent on social welfare will be exempt, dont see how that is fair to have a blanket exemption such as that I know of people on social welfare better off than I am.
Bullseye1 wrote: » There will always be exemptions in this country when you have socialists running the show. Socialism breeds a level of entitlement.
Bullseye1 wrote: » Interesting. Self assessment on a market that no one knows what their house is worth as there is little or no movement in house sales. With the treat of penalties if you get the figure wrong people will be scared into employing auctioneers and valuers to make their declaration. Guess what Phil Hogan is?
Few exemptions will be available -- but homeowners who are unable to pay will be able to apply for a deferral, under plans to be announced in next week's Budget.
dvpower wrote: » Not quite. People will be able to apply to defer the tax (after a means test), a very different thing.