Tax Changes under a Sinn Féin Government

matthew8 · 31-05-2014 12:05AM

Sinn Fein are all bluster. Look up north to find out how they really would govern.

They talk like increasing taxes on the rich is the simplest thing. They either don't understand or are unwilling to publicly acknowledge the concept of elasticity in tax rates (that is, the government can increase taxes on cigarettes as people will continue to buy, but wouldn't introduce a wealth tax as people would move their assets elsewhere).

One thing I do think needs to be introduced is new tax thresholds. 33k is far too low for the top tax rate. Working class people pay the top tax rate on part of their income and that is crazy. The tax system should be more progressive, with gradual tax rate increases up to, say, 250k, but the top tax rate is already high enough.

Frank Lee Midere · 31-05-2014 12:06AM

Banjo String wrote: »

I reckon they're not that impressed by USC tbh.

http://www.sinnfein.ie/contents/20382

OK. Do if they abolish that this is a tax reduction for everybody even those over 100k. Except for CGT etc.

Sheldons Brain · 31-05-2014 12:08AM

awec wrote: »

Nonsense.

Maybe we should hike taxes on low earners - I'm sure there are a lot more people able and capable to take those jobs when the low earners head elsewhere.

The difference between Ireland and the likes of Sweden is not the taxes on the high earners, but because in Sweden everyone pays some tax.
http://www.publicpolicy.ie/progressivity-of-irish-income-tax-system-2013/

Lumping even more tax at the top end in at country which already has a one of the world's most progressive tax systems is indeed a recipe for wealth to leave the state. But logic seems absent from these debates.

LimeTimee · 31-05-2014 12:08AM

Fratton Fred wrote: »

Yep, tax the well paid, give it to the low paid and remove any incentive to have a successful career, study to be a lawyer, doctor etc, or worse still, see all those people move abroad to further their careers.

Dumb down the entire population in otherwise.

As humans it is our moral responsibility to ensure no man, woman or child has to live a life of poverty because they were born into a family that was not able to give them as much opportunities as wealthier people.
Leave the country of you don't want to pay such high taxes. Nobody is forcing you to stay.

AlmightyCushion · 31-05-2014 12:11AM

Frank Lee Midere wrote: »

Yeah. I assumed people here would know that, but apparantly some think that the total rate of 48% is all there is and it's too high. People on 34k pay more marginally. Already.

What do the shinners feel about inheritance, gifts etc? Or are they worried about the farmer vote?

They want to reduce CAT so that would favour people who get gifts or inheritance. Work for your money and they want to tax the balls off you, get given it though and they take it easy on you.

awec · 31-05-2014 12:13AM

Sheldons Brain wrote: »

The difference between Ireland and the likes of Sweden is not the taxes on the high earners, but because in Sweden everyone pays some tax.
http://www.publicpolicy.ie/progressivity-of-irish-income-tax-system-2013/

Lumping even more tax at the top end in at country which already has a one of the world's most progressive tax systems is indeed a recipe for wealth to leave the state. But logic seems absent from these debates.

I was being flippant with that post!

Firblog · 31-05-2014 12:14AM

LimeTimee wrote: »

As humans it is our moral responsibility to ensure no man, woman or child has to live a life of poverty because they were born into a family that was not able to give them as much opportunities as wealthier people. .

Perhaps....

But why should I help provide a pampered lifestyle for people who have never worked, and don't want to work?
Why should I pay the wages & perks of those who are overpaid compared to their equals in other countries?

Phoebas · 31-05-2014 12:16AM

SF are going to abolish the property tax and the Universal Social Charge and Water Charges. And they're going to spend €13bn on a jobs scheme, and all the while they are going to fully fund our services.

All of this can't come from nowhere. Luckily, the place is swimming with 'rich' people more than willing to put their hands in their pockets, so everything is bound to work out.

steddyeddy · 31-05-2014 12:16AM

Sheldons Brain wrote: »

The difference between Ireland and the likes of Sweden is not the taxes on the high earners, but because in Sweden everyone pays some tax.
http://www.publicpolicy.ie/progressivity-of-irish-income-tax-system-2013/

Lumping even more tax at the top end in at country which already has a one of the world's most progressive tax systems is indeed a recipe for wealth to leave the state. But logic seems absent from these debates.

Everyone pays tax here.

31-05-2014 12:17AM

drdidlittle wrote: »

10 percent of 100k is still 10 thousand. 20 percent of 30k is only 6k. Its all in the maths

There are more low earners than high earners. Suppose you have a €100 surplus to get rid of. Give €10 to each of 10 people on the bones of their arses, how much will leave the country/sit in a bank? Give it to someone who isn't sure whether to go to Spain or Greece on holidays, how much will leave the country/sit in a bank?

Hal1 · 31-05-2014 12:20AM

Fair work for fair wages. :pac:

LimeTimee · 31-05-2014 12:20AM

Firblog wrote: »

Perhaps....

But why should I help provide a pampered lifestyle for people who have never worked, and don't want to work?
Why should I pay the wages & perks of those who are overpaid compared to their equals in other countries?

All I'm saying is that nobody should have to live a life in poverty. It should by no means be pampered but poor people should have at least enough money to buy essentials such as bread and milk and they should be able to pay the bills. The govt needs to set up more services like FAS.

washman3 · 31-05-2014 01:04AM

bubblypop wrote: »

I cant wait for sein finn to get a huge majority....
get into government.

and when they do, i give them about 6 weeks before they completely bankrupt us.
no public servants will be paid,
so no prison officers,
no guards,
no dept of social welfare staff
no public servants whatsoever!!!!

The irony of this list you mention is :
(a) every cent they earn at the moment is borrowed.
(b) every cent they pay on tax is to fund their retired counterparts.

Not a P.S. bashing quote by any means, simply stating the facts.!
What we have is a gigantic Ponzi scheme that will explode sooner rather than later.
Its mind-boggling that my local golf club is frequented by swathes of 'retired' Gardaí on weekdays, many of whom are in their early 50's.
Makes it easier to understand the 'fear' of Sinn Fein.!!

Cedrus · 31-05-2014 01:05AM

LimeTimee wrote: »

The govt needs to set up more services like FAS.

DOH!!!!! Hairdressers bills! Gravy Train!

Frank Lee Midere · 31-05-2014 01:15AM

AlmightyCushion wrote: »

They want to reduce CAT so that would favour people who get gifts or inheritance. Work for your money and they want to tax the balls off you, get given it though and they take it easy on you.

No property tax, reduction in CAT. more protectors of inherited privilege and wealth ( half of which is in property) wanting to tax workers.

They want a wealth tax? Liquid wealth can flee, property can't.

( although I think any property tax should take into account real equity and not prices, that is no tax or rebates for negative equity ).

Tar.Aldarion · 31-05-2014 01:38AM

awec wrote: »

48% on anything over 100k.

Wow.

Is there a list of rankings of each countries tax in EU? I was looking at Netherlands as I want to work there and their tax is way higher (have to earn 10000 more to get the same net!!!) so curious so see how we rank vs other countries.

31-05-2014 01:43AM

Fratton Fred wrote: »

Yep, tax the well paid, give it to the low paid and remove any incentive to have a successful career, study to be a lawyer, doctor etc, or worse still, see all those people move abroad to further their careers.

Dumb down the entire population in otherwise.

Hold on now. At the moment the only solution to curb mass emigration has been the job bridge scheme. Do you think that will keep the 'cream of the crop' in the country?

31-05-2014 01:49AM

Im not going to advocate any one political party but im all on for giving certain unproven parties/movements the benefit of the doubt.

I don't agree with hammering one class of society but aren't we currently seeing working class being stripped bare? I certainly dont agree with elitists politics which is what FG/Labour are.

Mongfinder General · 31-05-2014 02:01AM

Tar.Aldarion wrote: »

Is there a list of rankings of each countries tax in EU? I was looking at Netherlands as I want to work there and their tax is way higher (have to earn 10000 more to get the same net!!!) so curious so see how we rank vs other countries.

I'm paying 62% at the moment on anything above 32800.

PAYE 41%
PRSI 4%
USC 7%
Public Service Pension Levy 10.5%

I'm such a hero...

Fr. Ned · 31-05-2014 02:04AM

drdidlittle wrote: »

All talk. If SF get in as a minority partner with FF etc. they will go the same way as Labour, PD's or Greens. If the get in as the larger party real politic will sort them out.

You're funny.

You seem to believe that the only option we have is FFail or FG as a majority party.

That's quite sad and is the reason we are where we are.

Fr. Ned · 31-05-2014 02:07AM

Frank Lee Midere wrote: »

No property tax, reduction in CAT. more protectors of inherited privilege and wealth ( half of which is in property) wanting to tax workers.

They want a wealth tax? Liquid wealth can flee, property can't.

( although I think any property tax should take into account real equity and not prices, that is no tax or rebates for negative equity ).

Liquid wealth can be taxed.

If people want to avoid the Irish taxation system by moving their money abroad they can hand over their citizenship of our country.

tax non dom won't be happy, but f*ck him...

Sheldons Brain · 31-05-2014 02:09AM

Everyone pays tax here.

Everyone pays some little bit of tax, but a large proportion of people expect other people to pay for the bulk of the services they receive.

washman3 wrote: »

The irony of this list you mention is :
(a) every cent they earn at the moment is borrowed.
(b) every cent they pay on tax is to fund their retired counterparts.

Not a P.S. bashing quote by any means, simply stating the facts.!

Really. It is a nonsense quote, and why would you post ridiculous nonsense other than for the purpose of PS bashing?

steddyeddy · 31-05-2014 02:12AM

Sheldons Brain wrote: »

Everyone pays some little bit of tax, but a large proportion of people expect other people to pay for the bulk of the services they receive.

Really. It is a nonsense quote, and why would you post nonsense other than for the purpose of PS bashing?

How could people on ~20,000 or <20,000 be able to pay the bulk of a country's tax? The richer pay more for very good reasons.

Lastlight. · 31-05-2014 02:28AM

Great policies by Sinn Fein. Get the successful business men to leave and come to Northern Ireland instead.

Punishing people for earning money in a capitalist society. Sinn Fein want the state to gain more powers and become more influential and at the expense of the individuals liberty.

Sinn Fein hate successful people and such policies go to show it. Making people who earn 100k to pay 40% tax. They will just leave and rightly so.

Sir Arthur Daley · 31-05-2014 02:40AM

Is Sinn Fein taking over tomorrow?

steddyeddy · 31-05-2014 02:40AM

Lastlight. wrote: »

Great policies by Sinn Fein. Get the successful business men to leave and come to Northern Ireland instead.

Punishing people for earning money in a capitalist society. Sinn Fein want the state to gain more powers and become more influential and at the expense of the individuals liberty.

Sinn Fein hate successful people and such policies go to show it. Making people who earn 100k to pay 40% tax. They will just leave and rightly so.

By that analysis FG and FF hate people born into poverty and with disabilities. Making cuts targeting one group does not equal hating.

Lastlight. · 31-05-2014 02:50AM

steddyeddy wrote: »

By that analyreality at FF hate people born into poverty and with disabilities. Making cuts targeting one group does not equal hating.

Cuts have to be made. It is an economic reality and Sinn Fein want to punish people who earn good money and that isn't going to work. The middle and upper class will not vote for them.

And considering a large portion of voters are from older people and well off people.

steddyeddy · 31-05-2014 03:16AM

Lastlight. wrote: »

Cuts have to be made. It is an economic reality and Sinn Fein want to punish people who earn good money and that isn't going to work. The middle and upper class will not vote for them.

And considering a large portion of voters are from older people and well off people.

You say cuts have to be made yet you change your tune when a different socio economic group is targeted.

lightspeed · 31-05-2014 11:03AM

Fr. Ned wrote: »

Liquid wealth can be taxed.

If people want to avoid the Irish taxation system by moving their money abroad they can hand over their citizenship of our country.

tax non dom won't be happy, but f*ck him...

Yeah a country were thousands of people too lazy to work or educate themselves are funding by those who do work who are hit with higher taxes to compensate.

A country that is 19% more expensive than Dubai with poor public transport networks and huge overspend in health.

A country with one of the highest pregnancy rates in in Europe and coincidently gives people child benefit and rent allowance so single mothers can move into fully furnished house. Never mind, the guy next door struggling to pay a mortgage.

People are also living longer so that means health insurance will continue to rise and the pensions given here appear unsustainable so I reckon are likely to fall in coming years. In addition to the age being further extended.

Yeah there are no other countries were skilled workers can go and have a better standard of living?

State funded public transport monopolies that are too weak and worried about politics, allow trade unions to dictate and strike pushing up our already huge cost of public transport.

Ive just finished a degree and it will be about 2 to 3 years before ill actually have a recognised skill. After that, kindly point me to the designated area where i can burn my passport and ill get this fire started.

steddyeddy · 31-05-2014 11:07AM

lightspeed wrote: »

Yeah a country were thousands of people too lazy to work or educate themselves are funding by those who do work who are hit with higher taxes to compensate.

A country that is 19% more expensive than Dubai with poor public transport networks and huge overspend in health.

A country with one of the highest pregnancy rates in in Europe and coincidently gives people child benefit and rent allowance so single mothers can move into fully furnished house. Never mind, the guy next door struggling to pay a mortgage.

People are also living longer so that means health insurance will continue to rise and the pensions given here appear unsustainable so I reckon are likely to fall in coming years. In addition to the age being further extended.

Yeah there are no other countries were skilled workers can go and have a better standard of living?

State funded public transport monopolies that are too weak and worried about politics, allow trade unions to dictate and strike pushing up our already huge cost of public transport.

Ive just finished a degree and it will be about 2 to 3 years before ill actually have a recognised skill. After that, kindly point me to the designated area where i can burn my passport and ill get this fire started.

In fairness with an attitude like that maybe you should leave.

Tax Changes under a Sinn Féin Government

Comments