Income Tax Package

The top tax bracket threshold should be above 50K by now. During the celtic tiger average industrial wage workers were paying alot less tax than they are now as the governments then at least concentrated on relieving the tax burden on workers, now the emphasis is on welfare spending, pensioners and children. Also workers that have to drive to work everyday are being hit again with increases in carbon taxes. When the inflationary pressures on the economy are due to difficulties in attracting workers or getting workers to do overtime surely they should be making work more attractive not welfare

joe sod said:

The top tax bracket threshold should be above 50K by now. During the celtic tiger average industrial wage workers were paying alot less tax than they are now as the governments then at least concentrated on relieving the tax burden on workers, now the emphasis is on welfare spending, pensioners and children. Also workers that have to drive to work everyday are being hit again with increases in carbon taxes. When the inflationary pressures on the economy are due to difficulties in attracting workers or getting workers to do overtime surely they should be making work more attractive not welfare

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100% this. After today, I’m starting to feel like a right mug for trying to earn my way through life. No incentive for anyone to work anymore it seems when your life can just be funded by others.

faketales said:

A long term unemployed couple will get €24 and 2 double payments of social welfare. So about €40 a week on average.

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And they should get nothing, other than two pairs of orange overalls and a couple of scrapers to remove chewing-gum and dog excrement from the streets. There is no excuse for long-term unemployment unless someone is disabled, in which case they should get other payments.

Gordon Gekko said:

And they should get nothing, other than two pairs of orange overalls and a couple of scrapers to remove chewing-gum and dog excrement from the streets. There is no excuse for long-term unemployment unless someone is disabled, in which case they should get other payments.

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I am never sure if you are serious or not...

It seems almost insulting to include those who have no intension of ever contributing to society with those who may be recently let go, paid prsi for life or have a disability.

I suppose the argument is that if we don't give them something they become a bigger problem for society.

faketales said:

I am never sure if you are serious or not...

It seems almost insulting to include those who have no intension of ever contributing to society with those who may be recently let go, paid prsi for life or have a disability.

I suppose the argument is that if we don't give them something they become a bigger problem for society.

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I am being completely serious, and I’m specifically talking about long term unemployed people who are able bodied and able minded. I don’t see how people who’ve been let-go recently or people with disabilities are at all relevant.

In my view, genuine cases such as people with disabilities or people who’ve just lost their jobs should be paid properly by the State. Instead of €200-250 per week, or whatever it is, it should be €800 a week.

But, conversely, someone who’s able to work and long-term unemployed, i.e. the spoofer milking the system should get a basic payment and be forced to work for it publicly wearing orange overalls (whilst we have full employment).

e.g. the nutters protesting about immigration in town during the day. And, no, they don’t work at night or on different days. They don’t work!

conor_mc said:

Why does the SRCOP for two single incomes go from 42k to 44k each, but a jointly-assessed couple goes from 51k to just 53k - I thought they specifically said "applied proportionally"????

EDIT - for dual-income couples, the increase of 33k or the amount of lower income has gone to 35k. Single income families are pretty much screwed over with just a move from 51k to 53k, same as a single.

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This has confused me a little. Could someone please clarify!
In 2024, our incomes are, approx, €44k(me) plus €26k(spouse). We're assessed jointly. Spouse has an ARF of approx €114, from which she draws €5k to obtain class S prsi. I have a PRSA of €160k which I'm leaving for a couple of years as 1) we don't really need the lump sum or the cash and 2) I'm signing for credits towards pro rata State Pension at 66, so don'tneed to drawdownfor prsi.

Would there be any point in being assessed separately, e.g allowing spouse to draw down more of PRSA at 20%?

I had believed that joint assessment was the best way to go but am now confused!!

Whether you opt for joint or separate assessment, your combined tax bill will be exactly the same.

Joint assessment gives the benefit of spousal transfers during the year; separate assessment delays them to end-of-year.