Budget 2016

Kristopherus

Dickerty wrote: »

Anyone have clarity on the childcare changes? We are currently paying for a second year of pre-school for our 4 year old, last year was free so we are paying for this one - should we now get this year for free??

Free from age 3 to age 5.5yrs or goes to full school.

xabi

Deleted User wrote: »

http://taxcalc.ie/budget-2015/

that's last years

Thargor

xabi wrote: »

that's last years

Dont bother clicking on 2016 on it either:

This is a preliminary calculator and as such is the same as 2015 at the moment.

Kristopherus

xabi wrote: »

that's last years

You can click on 2016, but its the same as 2015.

Surprising fact from RTE -> 22% of all income tax and USC is paid by just 1% of taxpayers

How if we could get some more of those 1%ers....

Dickerty

efb wrote: »

No, takes effect from Sept 16

Are you sure? None of the news sources have stated that. The statutory paternity leave of two weeks is the only thing I can see taking effect in September 2016.

Scratch that - "Central to the €83m package is the roll-out of two years free pre-school for children aged between 3-5 from September 2016." from the Indo

Madness to introduce something that would be a big plus to families, in a 'giveaway' budget, and then say it wouldn't apply for 11 months - well after the election.

TheDoc

Deleted User wrote: »

Surprising fact from RTE -> 22% of all income tax and USC is paid by just 1% of taxpayers

How if we could get some more of those 1%ers....

Some would argue they pay enough...

Dickerty

Deleted User wrote: »

Surprising fact from RTE -> 22% of all income tax and USC is paid by just 1% of taxpayers

How if we could get some more of those 1%ers....

A stat that many opposition politicians choose to ignore when they crow about going after those who can afford to pay more...

efb

Dickerty wrote: »

Are you sure? None of the news sources have stated that. The statutory paternity leave of two weeks is the only thing I can see taking effect in September 2016.

Scratch that - "Central to the €83m package is the roll-out of two years free pre-school for children aged between 3-5 from September 2016." from the Indo

Madness to introduce something that would be a big plus to families, in a 'giveaway' budget, and then say it wouldn't apply for 11 months - well after the election.

I heard him say it

efb

Dickerty wrote: »

Are you sure? None of the news sources have stated that. The statutory paternity leave of two weeks is the only thing I can see taking effect in September 2016.

Scratch that - "Central to the €83m package is the roll-out of two years free pre-school for children aged between 3-5 from September 2016." from the Indo

Madness to introduce something that would be a big plus to families, in a 'giveaway' budget, and then say it wouldn't apply for 11 months - well after the election.

Link with school year

efb

https://www.youtube.com/watch?v=hBRcv7Olk0I

Icepick

€2.2 billion goes to the Department of Justice, in 2016 funding is being made available to recruit and train a further 600 gardaí.

Good but also increase the retirement age by 5 years.

keane2097

Seems like the mooted sugar tax would have been a no brainer?

Dob74

Deleted User wrote:

Surprising fact from RTE -> 22% of all income tax and USC is paid by just 1% of taxpayers

Deleted User wrote:

How if we could get some more of those 1%ers....

It's not like those high flying bankers have ever got any assistance from the state. And Let's write off more money from bankrupt property developers.
The poor 1%.

F €€k em

xabi

http://taxcalc.ie/budget-2016/

dr.kenneth noisewater

efb wrote: »

Contactless limit raised from €15 to €30

Missed this, is it for all banks? Should really be up to €50 to try encourage more people to use it

efb

dr.kenneth noisewater wrote: »

Missed this, is it for all banks? Should really be up to €50 to try encourage more people to use it

More chance for fraud

Thargor

xabi wrote: »

http://taxcalc.ie/budget-2016/

As I said on the previous page, thats just the 2015 one, it might never be updated.

km79

So FEMPI is dead now right ? financial crisis obviously over with this budget
Loom forward to not paying 7.5% of my wages to a "pension levy"

Greyian

xabi wrote: »

http://taxcalc.ie/budget-2016/

I know that this isn't your tax calculator, but it doesn't have the correct USC bands for 2016.

It has 12,000 as the cut-off for Band 1, which is actually 13,000 now. So if you have a salary that is in Band 3 (~€18,500 or more), your annual USC bill is actually €20 less than the calculator says (it's taking the €1k between 12 and 13k at 3%, instead of the 1% it should be at).

xabi

Thargor wrote: »

As I said on the previous page, thats just the 2015 one, it might never be updated.

its updated for me anyway

Greyian

Thargor wrote: »

As I said on the previous page, thats just the 2015 one, it might never be updated.

It has been updated, but the USC bands are incorrect (they are at 12000 and ~18500, instead of 13000 and ~18500).

efb

Dobbo got Lucinda's party name wrong lol

TheDoc

TheDoc wrote: »

Some would argue they pay enough...

On those figures it would seem so.

I meant getting a few more people into that earning category....

Dob74

Dob74 wrote: »

It's not like those high flying bankers have ever got any assistance from the state. And Let's write off more money from bankrupt property developers.
The poor 1%.

F €€k em

I wouldnt be surprised if the property developers were not in the top 1% of high income tax payers. They would only pay themselves a salary (and therfore pay income tax and USC) if it was the most tax efficent way to live.

I wonder what level of income would bring a single person into the top 1% income tax category?

Brendan Bendar

Excellent budget, promotes the value of work.

Mister Robinson

Was there any increase/decrease in student contribution fees for third level education or is that something separate and/or not budget related?

Heisenberg.

This post has been deleted.

Villa05

Deleted User wrote:

Surprising fact from RTE -> 22% of all income tax and USC is paid by just 1% of taxpayers

Deleted User wrote:

How if we could get some more of those 1%ers....

We all cant have Ryan Tubridy's salary

Coat22

Slowly but surely the country is turning into some sort of socialist dreamland where everyone who's gotten off their ar$e and is earning more than €70k a year (the cheek of them) has their income equalised by some sort of Robin Hood politics.

I am married, my wife remains home and rears our 2 kids, I earn a good wage, work on average 10/11 hours a day to do so and am away from my family 3 to 4 days most weeks. However in the eyes of the great socialist movement in this country I'm loaded so should therefore pay a disproportionate level of tax so that 750,000 don't have to pay any.

I just calculated that if, rather than me earning and my wife staying at home with the kids, we both worked and earned half each what I earn (so same combined income) we would be almost €8k a year better off - €8000!!!! So not only am I f*cked by the government for earning more, I'm f*cked again because I'm the sole earner in the family!

Family budget my eye - populist, socialist scam more like

efb

€249 according to rough tax calc

Brendan Bendar

suicide_circus wrote: »

For once I would agree with Fergus Finlay when he said yesterday that instead of adding an additional fiver to the non means tested child benefit (which most won't notice) as is planned for the budget, Joan Burton should use that €70m in a far more targeted way where it will really be felt such as respite for carers, SNAs, theatre nurses etc

Fergie would say that, wouldn't you think.

Vested interest and all that.

At close to 100 k in ONE OF HIS INCOME SOURCES he is not a source I would take too seriously:cool:

Coat22

dr.kenneth noisewater wrote: »

Missed this, is it for all banks? Should really be up to €50 to try encourage more people to use it

You've got to think of Da People! Da People can't afford to spend €50 in one transaction - it would just be another budget measure which would benefit the well off in society

tayto lover

Brendan Bendar wrote: »

Excellent budget, promotes the value of work.

No it doesn't.
No incentive for dedicated dolers to look for work at all.

quadrifoglio verde

naughto wrote: »

No she is saying that people on medical cards go to the doc to get nurofen \brofen as it will only cos them 2.50 for 100 tabs

Nah they do that as welll, no issue really with that.
What I'm seeing is a lot of scripts from a&e for 24 paracetamol, I think we both know that if all the dr in a&e prescribed for you was paracetamol or another readily available otc product there was very little reason for you to have gone to a&e.
A simple 10 Euro charge for medical holders to attend a&e would stop this. Then only those im genuine need of services would attend



And I'm a he btw

Spon Farmer

Was there a roaring match in the Dail today?

I heard part of it on the five o'clock news on Radio One but I didn't hear what it was about.

Spon Farmer

Double post - sorry.

Eric Cartman

Disgrace to see the do nothing christmas bonus got handed back and an extra 5er per urchin handed put. Also this craic of 750 million on social housing is a farce.

Nice to see come tax cuts for workers but they could have done a lot more. this business of penalising anyone who dare make over 70k a year is still an absolute smack in the face to the people who keep our country going.

Icepick

Coat22 wrote: »

Slowly but surely the country is turning into some sort of socialist dreamland where everyone who's gotten off their ar$e and is earning more than €70k a year (the cheek of them) has their income equalised by some sort of Robin Hood politics.

I am married, my wife remains home and rears our 2 kids, I earn a good wage, work on average 10/11 hours a day to do so and am away from my family 3 to 4 days most weeks. However in the eyes of the great socialist movement in this country I'm loaded so should therefore pay a disproportionate level of tax so that 750,000 don't have to pay any.

I just calculated that if, rather than me earning and my wife staying at home with the kids, we both worked and earned half each what I earn (so same combined income) we would be almost €8k a year better off - €8000!!!! So not only am I f*cked by the government for earning more, I'm f*cked again because I'm the sole earner in the family!

Family budget my eye - populist, socialist scam more like

And not only do you work hard and pay a lot of tax, you are also the devil according to SF, AAA and other socialists here and should pay more and be glad they don't lynch you.

Thargor

Greyian wrote: »

It has been updated, but the USC bands are incorrect (they are at 12000 and ~18500, instead of 13000 and ~18500).

xabi wrote: »

its updated for me anyway

Why does it say:

This is a preliminary calculator and as such is the same as 2015 at the moment.

?

tayto lover

Icepick wrote: »

And not only do you work hard and pay a lot of tax, you are also the devil according to SF, AAA and other socialists here and should pay more and be glad they don't lynch you.

In this day and age 70K is not being anywhere near super rich, especially is you have kids and run a car.

JustTheOne

[Deleted User] wrote: »

I wouldnt be surprised if the property developers were not in the top 1% of high income tax payers. They would only pay themselves a salary (and therfore pay income tax and USC) if it was the most tax efficent way to live.

I wonder what level of income would bring a single person into the top 1% income tax category?

Eh and what about tax on their profits etc?

Thargor

Journal calculator:

http://www.thejournal.ie/budget-2016-calculator-2384341-Oct2015/

Greyian

Thargor wrote: »

Why does it say:
?

I don't know, but if you actually try using it, you'll see the 2015 and 2016 figures are different.

Greyian

Thargor wrote: »

Journal calculator:

http://www.thejournal.ie/budget-2016-calculator-2384341-Oct2015/

Funnily enough, that one seems to have the exact same issue with USC bands.

It says my USC Band 1 figure is €120, when it is actually €130, because of the jump from €12,012 to €13,000 in the threshold. That then affects USC Band 2, which it gives as €200 (it's doing (€18,688-€12,012)*0.03). It should actually be (€18,688-€13,000)*0.03, which gives an actual figure of €170.

Bob24

http://services.deloitte.ie/tc/ seems to be updated.

Jaketherake

All of those calculators are way off.

Greyian

Jaketherake wrote: »

All of those calculators are way off.

The only discrepancy I've come across so far is the failure to update USC band 1 from €12,012 to €13,000.

Jaketherake

All of them have different issues.
Far too many to list.
I think i'll come back tomorrow and look at them. I suppose they are releasing them with bugs at the moment to get them out quickly.

Thargor

The Deloitte one cant even get my weekly wage right.