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07-12-2010, 16:46   #1
Kotek Besar
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UNIVERSAL SOCIAL CHARGE (USC)

So the USC replaces the Health Levy and Income Levy (which medical card holders were exempt from)..

Will medical card holders be exempt from having to pay the USC?
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07-12-2010, 16:57   #2
Leiva
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Originally Posted by Kotek Besar View Post
So the USC replaces the Health Levy and Income Levy (which medical card holders were exempt from)..

Will medical card holders be exempt from having to pay the USC?

Here are Rates ...

0% < €4,004
2% €0 to €10,036
4% €10,037 to €16,016
7% > €16,016



Can anyone please do a comparison to what we are paying today ?
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07-12-2010, 16:57   #3
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just to keep it neat, on B6 of the summary document, am I to take those numbers as, if I earn more than €16016, I pay 7% on that in the USC tax?
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07-12-2010, 17:00   #4
Kotek Besar
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Originally Posted by mixednuts View Post
Here are Rates ...

0% < €4,004
2% €0 to €10,036
4% €10,037 to €16,016
7% > €16,016
I see the rates. My question is, are medical card holders subject to USC, being that they were exempt from the income levy?
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07-12-2010, 17:01   #5
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just to keep it neat, on B6 of the summary document, am I to take those numbers as, if I earn more than €16016, I pay 7% on that in the USC tax?
Yep .

But what i would like is is a comparison on what i am paying today .

(eg)
PRSI + INCOME LEVY = 5% TODAY

USC = 7%

_______________________________
= Im down another 2 %
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07-12-2010, 17:02   #6
Fishyfreak
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My last pay slip i paid 8.16% on Income Levy & PRSI.
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07-12-2010, 17:02   #7
BoB_BoT
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no idea, in fact, those numbers don't make sense.
2% €0 to €10,036
yet
0% < €4,004
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07-12-2010, 17:02   #8
Leiva
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Quote:
Originally Posted by Kotek Besar View Post
I see the rates. My question is, are medical card holders subject to USC, being that they were exempt from the income levy?
Are Medical card holders exempt from PRSI & Income levy ?:

If not then No .
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07-12-2010, 17:03   #9
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Originally Posted by Kotek Besar View Post
So the USC replaces the Health Levy and Income Levy (which medical card holders were exempt from)..

Will medical card holders be exempt from having to pay the USC?
Self employed now pay the same rate as the employed, but unlike the employed they get nothing in return (ok, maybe a state pension but most will die of overwork and starvation related disease before then).
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07-12-2010, 17:04   #10
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My last pay slip i paid 8.16% on Income Levy & PRSI.
The new charge is in addition to PRSI
It replaces the levies only
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07-12-2010, 17:05   #11
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Quote:
Originally Posted by Kotek Besar View Post
So the USC replaces the Health Levy and Income Levy (which medical card holders were exempt from)..

Will medical card holders be exempt from having to pay the USC?
If it is brought in that medical card holders are liable for it I think it is appaling! Why as per usual are low income earners being targeted??
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07-12-2010, 17:06   #12
BoB_BoT
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Originally Posted by johnnyskeleton View Post
Self employed now pay the same rate as the employed, but unlike the employed they get nothing in return (ok, maybe a state pension but most will die of overwork and starvation related disease before then).
exactly, they want us to pay the same and get nothing in return in times of hardship, a farce as usual.
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07-12-2010, 17:08   #13
Kotek Besar
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Quote:
Originally Posted by mixednuts View Post
Are Medical card holders exempt from PRSI & Income levy ?:

If not then No .
Medical Card holders are exempt from the Income Levy but pay PRSI.

So, are medical card holders subject to USC or will they be exempt, being that they were exempt from the income levy?
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07-12-2010, 17:08   #14
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current charge is 4% Health levy (5% over 100K) and 2% income levy (4% over 100K)

so if you earn under 100K you'll be paying slightly more (allowing for the banding effect) and if you earn over 100K you'll be paying slightly less than the old levies but this'll be offset by the removal of the PRSI cap.
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07-12-2010, 17:10   #15
Leiva
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Quote:
Originally Posted by dvpower View Post
The new charge is in addition to PRSI
It replaces the levies only
Holy **** ..

That means :

existing rates:
PRSI = 8% average
OLD LEVYS = 2%
________________________
10 %

new rates:
PRSI = 8% average
USC = 7%
________________________
15%

+5%

Am i missing something ?
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