I welcome playing my part and being taxed more heavily under Sinn Fein.
That’s the spirit totti, too many mefeiners in this country
I would prefer a low tax economy. Simple fact is that Joe Public will spend his hard earned cash and with greater economic benefit and more effectively than an inefficient Government. The UK tax take rose when the 50% rate was removed. The French ran away when the 70% rate was introduced. (they had to reverse it). Whether ye like it or not, you need higher earners. The politics of envy don’t work.
[QUOTE=“Julio Geordio, post: 1103802, member: 332”]So its essentially tax the moderately wealthy to pay even more money to people on welfare who have been largely unaffected by the downturn.
Then abolish property charges which are exactly the type of progressive taxation a party like Sinn Fein should be looking to introduce.
Wealth taxes don’t work. The really rich can just avoid them and it prevents large companies from setting up shop here.
What the Shinners should be doing here, is keeping the property tax. Maybe even increasing it above a threshold of say €2 million.
Bringing in water charges. Ensuring it is in a nationalised company, with exemptions for low earners etc.
Leaving the top end of the tax regime as is.
Reducing the burden on lower income tax payers.
Tax the moderately rich.
Retain 10% USC for self-employed over €100,000. Raises €123 million
Introduce a new employers’ rate of PRSI of 15.75% on the portion of salary paid in excess of €100,000 per annum. Raises €136 million
Introduce new 3rd rate of tax of 48% on income earned in excess of €100,000. Raises €448 million
Reductions in public sector pay and pensions, including 15% reduction in public sector salaries between €100,000 & €150,000 and 30% on income over €150,000. Saves €23.02 million
Reduce the earnings cap for pension contributions from €115,000 per annum to €70,000 per annum. Raises €110 million
More free money for those on welfare
Increase Family Income Supplement by 10%. Cost €33 million
Increase the Respite Care Grant by €325. Cost €29.6 million
Over the next two budgets restore the maximum rates for young Jobseekers of €188. In Budget 2015 we would increase it by €40 per week. Cost €89 million
Add a telephone allowance of €9.50 per month to the Living Alone increase. Cost €20.6 million
Raise the One Parent Family Payment income to €120. Cost €15.3 million
Reinstate the Solas Training Allowance. Cost €6.7 million
Re-open the Diet Supplement Scheme. Cost €500,000
Increase Fuel Allowance by 3 weeks. Cost €23.9 million
Make Vague Promises
Reduce Professional fees and general department spend on travel and training by 10%. Saves €27.2 million
2% reduction in branded medicines. Saves €21 million
Greater use of JobsPlus. Saves €15.2 million
Increase Revenue Commissioner activity to target tax evasion.
Introduce 4,000 additional Community Employment Scheme places. Cost €13.6 million
Increase investment in the Employability Service. Cost €1.5 million
Introduce policies which make for good soundbites but will likely end up costing the state more in the long run
As a first step in phasing them out, reduce the charge per prescription for medical card-holders by €0.50. Cost €25 million
End the State subsidy of private care in public hospitals. Saves €107.29 million
Phased withdrawal of private school annual state subsidy over five years. Saves €20.6 million
At a huge cost to the exchequer abolish a genuinely progressive taxation.
Save 1.8 million homeowners an average of €278 per annum by abolishing the property tax. Cost €500 million
Follow further populist policy, even though with would affect the rich more than the poor many of whom would get free water.
Don’t introduce water charges. Cost €300 million[/QUOTE]
A property tax on the gross value of a house that doesn’t take into account occupancy or debt on that house isn’t really progressive at all. A real net wealth tax would be far more progressive and equitable.
That’s what existed for most of human history and the vast majority of people were beyond dirt poor.
That’s probably true - agricultural land is the big one here though. The majority of the country seem uncomfortable treating it as wealth while ignoring it seems unfair on urban dwellers with net wealth tied up in modest enough houses.
The USC as originally intended seems sensible I.e everyone should contribute something to the running of the country. The income tax system gets pretty progressive pretty quickly from there in any case so most middle to high earners pay a decent whack with limited opportunity to avoid them. However, most parties seem to think that large swathes of the country should pay nothing.
[QUOTE=“Julio Geordio, post: 1103641, member: 332”]If some one could tell me what Sinn Feins policies are I might be able to make a decision on them.
Vague as fuck[/QUOTE]
This should clear things up for you
http://cdn1.anyclip.com/wjwiJJtmYh42m.mp4
Lovely goal for Rooney too. Great ball by Di Maria.
That’s a point of some sort but abolishing the property tax for this reason is like cutting your hand off because you have a sore finger. A property tax, is one of the most natural wealth taxes. The poorest dont own their homes and wont have to pay and the richest invariably live in the most valuable houses. A net wealth means test would be some craic to try and administer. Feel free to tinker with it and find a solution but proposing it be abolished is foolish.
Tinkering it to find a solution is exactly what changing it into a wealth tax does.
The administration of a wealth tax might be more complicated but it should be capable of bringing more revenue and of being more equitable. It’s not that outlandish an idea. Spain, France and Holland have one.
Also there is a large element of distrust around the property tax because there was all sorts of noises being made about it being linked to the provision of related services but that wasn’t really the case at all. It feels exactly like something we were compelled to do, not something we thought was the best means of achieving what we needed.
[QUOTE=“Rocko, post: 1104136, member: 1”]Tinkering it to find a solution is exactly what changing it into a wealth tax does.
The administration of a wealth tax might be more complicated but it should be capable of bringing more revenue and of being more equitable. It’s not that outlandish an idea. Spain, France and Holland have one.
Also there is a large element of distrust around the property tax because there was all sorts of noises being made about it being linked to the provision of related services but that wasn’t really the case at all. It feels exactly like something we were compelled to do, not something we thought was the best means of achieving what we needed.[/QUOTE]
Don’t you mean France and Hollande?
[QUOTE=“Rocko, post: 1104136, member: 1”]Tinkering it to find a solution is exactly what changing it into a wealth tax does.
The administration of a wealth tax might be more complicated but it should be capable of bringing more revenue and of being more equitable. It’s not that outlandish an idea. Spain, France and Holland have one.
Also there is a large element of distrust around the property tax because there was all sorts of noises being made about it being linked to the provision of related services but that wasn’t really the case at all. It feels exactly like something we were compelled to do, not something we thought was the best means of achieving what we needed.[/QUOTE]
Whoa there. A NET wealth tax you said. A NET wealth tax. How easy is it for a half decent accountant to move/cover/write off a shitload of someone’s wealth? Pretty easy. The French have seen a shitload of their highearners leave since they whacked up their highest rate.
Do you honestly think we should abolish the property tax in the hope that we may create a slightly more equitable wealth tax of some sort, that would also have to cover the losses to the exchequer of the property tax? How difficult would it be to administer that wealth tax? How much would it cost?
The property tax is fair, in a leaving cert kind of way. Abolishing it would be idiotic.
It’s the best of a bad lot. Imagine telling a farmer to fork over 1% or whatever of his farm plus machinery etc a year. We can’t even get the fuckers to keep enough hay for a bad winter.
They tried a room tax in the UK which was a fiasco as well.
I’m not in favour of a low tax economy and I’m all for raising the levels at which people come into the tax net. However punatively taxing the rich doesn’t work. They just move.
Sinn fein must have a socialist paradise up and running in the north at this stage?
[QUOTE=“Julio Geordio, post: 1104159, member: 332”]I’m not in favour of a low tax economy and I’m all for raising the levels at which people come into the tax net. However punatively taxing the rich doesn’t work. They just move.
Sinn fein must have a socialist paradise up and running in the north at this stage?[/QUOTE]
All the rich people move? Me bollix. Only the very top guys can do that and only in certain industries. There are plenty on around, say, 200k, can we tax the shit out of them?
[QUOTE=“Julio Geordio, post: 1104159, member: 332”]I’m not in favour of a low tax economy and I’m all for raising the levels at which people come into the tax net. However punatively taxing the rich doesn’t work. They just move.
Sinn fein must have a socialist paradise up and running in the north at this stage?[/QUOTE]
Another ridiculous red herring argument against them. Have you heard of power sharing or those pinko lefties the DUP?
That’s an even worse argument than ‘their policies will bankrupt us’
[QUOTE=“Tabby, post: 1104165, member: 2142”]Another ridiculous red herring argument against them. Have you heard of power sharing or those pinko lefties the DUP?
That’s an even worse argument than ‘their policies will bankrupt us’[/QUOTE]
Are you in favour of abolishing the property tax, Tabby?
No. It seems a fair enough tax. Some fella stuck in a one bed apartment in coolmine in a shit heap of negative equity paying it seems a bit unfair but there you go.
I’m actually not a SF supporter as such but the arguments against them from IRA to loony policies to record in the north govt don’t make sense imo. I think if a new party formed with the exact same policies as SF but none of the baggage or media campaign against them they’d win an overall majority.
Surely after all the countrys been through a slightly left of centre crowd would get a chance anywhere else.