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 Post subject: Re: Tax the rich - to 110%
PostPosted: Wed Oct 10, 2012 10:26 pm 
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Madness of Crowds wrote:
USC and PRSI aren't taxes, according to this, no matter what you or I might think.


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I've just assumed a basic 4% PRSI for most cases because the various classes and exceptions just make it a headache, but I think the real tax burden becomes a bit more apparent.


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 Post subject: Re: Tax the rich - to 110%
PostPosted: Wed Oct 10, 2012 10:29 pm 
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It appears that our taxation system stops being progressive when you earn more than €150k.


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 Post subject: Re: Tax the rich - to 110%
PostPosted: Wed Oct 10, 2012 11:01 pm 
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Coles2 wrote:
It appears that our taxation system stops being progressive when you earn more than €150k.


Hmm. Up until a week ago I was earning quite a bit more than 150k. And I was paying quite a bit more tax than that graph shows, even with USC and PRSI included -- over 10% more, in fact. "Fortunately" I no longer have to worry about it. :x

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 Post subject: Re: Tax the rich - to 110%
PostPosted: Wed Oct 10, 2012 11:11 pm 
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ps200306 wrote:
Coles2 wrote:
It appears that our taxation system stops being progressive when you earn more than €150k.


Hmm. Up until a week ago I was earning quite a bit more than 150k. And I was paying quite a bit more tax than that graph shows, even with USC and PRSI included -- over 10% more, in fact. "Fortunately" I no longer have to worry about it. :x

I think all the married couples/joint assessment stuff is messing it all up.

The best way to avoid paying tax is to avoid earning money. Simples.


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 Post subject: Re: Tax the rich - to 110%
PostPosted: Wed Oct 10, 2012 11:17 pm 
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Coles2 wrote:
ps200306 wrote:
Coles2 wrote:
It appears that our taxation system stops being progressive when you earn more than €150k.


Hmm. Up until a week ago I was earning quite a bit more than 150k. And I was paying quite a bit more tax than that graph shows, even with USC and PRSI included -- over 10% more, in fact. "Fortunately" I no longer have to worry about it. :x

I think all the married couples/joint assessment stuff is messing it all up.

The best way to avoid paying tax is to avoid earning money. Simples.

Yeah, I think you're right. A couple both earning 40k, so 80k household income, each pay less than a third of the tax a single earner on 80k pays...

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 Post subject: Re: Tax the rich - to 110%
PostPosted: Wed Oct 10, 2012 11:57 pm 
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Coles2 wrote:
ps200306 wrote:
Coles2 wrote:
It appears that our taxation system stops being progressive when you earn more than €150k.


Hmm. Up until a week ago I was earning quite a bit more than 150k. And I was paying quite a bit more tax than that graph shows, even with USC and PRSI included -- over 10% more, in fact. "Fortunately" I no longer have to worry about it. :x

I think all the married couples/joint assessment stuff is messing it all up.

The best way to avoid paying tax is to avoid earning money. Simples.


Exactly. That's why I gave them both up.
And I intend to spend my savings before they start taxing what you have, in addition to what you earn.

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 Post subject: Re: Tax the rich - to 110%
PostPosted: Thu Oct 11, 2012 9:28 am 
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Madness of Crowds wrote:
USC and PRSI aren't taxes, according to this, no matter what you or I might think.


If you don't get to spend it in the pub on a Friday night, then it's a tax ... BD

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 Post subject: Re: Tax the rich - to 110%
PostPosted: Thu Oct 11, 2012 9:28 am 
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Madness of Crowds wrote:
USC and PRSI aren't taxes, according to this, no matter what you or I might think.


If you don't get to spend it in the pub on a Friday night, then it's a tax ... BD

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 Post subject: Re: Tax the rich - to 110%
PostPosted: Thu Oct 11, 2012 12:29 pm 
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room305 wrote:
Madness of Crowds wrote:
USC and PRSI aren't taxes, according to this, no matter what you or I might think.


If you don't get to spend it in the pub on a Friday night, then it's a tax ... BD


That's taxed too! :(

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 Post subject: Re: Tax the rich - to 110%
PostPosted: Thu Oct 11, 2012 1:16 pm 
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Open Window wrote:
room305 wrote:
If you don't get to spend it in the pub on a Friday night, then it's a tax ... BD
That's taxed too! :(
I was reading about beer tax in France last night. The new budget proposes to increase by about 30% the excise duty. Some information I gleaned:
Excise in France on beer may increase to 7.20 euro per hectolitre (this is an average, because it's calculated based on alcohol content and size of brewery, with artisan brewers getting a bit of a break).
In Denmark, it's 8.55 euro per hectolitre. In Ireland it's 15.71, UK 22.70, and Finland 29.90!
In Germany, excise on beer is about 3.93 per hectolitre. XD

Anyway, the outcome in France should be a small impact on a demi at the local cafe (already quite expensive), but a noticeable increase on beer prices in the hypermarches.


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