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This is how the government could get rid of USC over the next four years

The proposed measure has been outlined in the Income Tax Reform Plan released by the Department of Finance today.

THE GOVERNMENT HAS today published plans for how the Universal Social Charge could potentially be phased out over the next five years.

The Income Tax Reform Plan released today the Department of Finance is an overview of the personal tax system and – addressing a commitment made in the programme for government – looks at how taxation can be made more competitive, and fairer from a socio-economic standpoint.

Looking at USC, three possible options for phasing it out over the next three budgets are put forward.

These are:

  • Reducing rates, which would keep the same bands in place and mean everyone earning over €13,000 a year would still pay the charge, but at a reduced rate;
  • Increasing band ceilings, which would provide the quickest relief for low earners;
  • Increasing exemption threshold, which would see around two-thirds of people taken out of USC over five years.

Implementing these measures would cost between €1.78 billion and €1.86 billion between now and 2020.

USC is expected to raise €4 billion in Exchequer receipts this year.

The controversial charge was at the centre of last government’s plans during Budget 2016.

A 1.5% reduction in the rate saw it drop to 5.5%.

It was announced back in May that the government would be producing today’s medium-term document.

It is unusual for such specific costings and tax projections to be given in advance of the Budget.    

Read: Here’s what’s changed with the Universal Social Charge in the Budget

Also: Plans for a ‘rainy day fund’ have been given the thumbs-up – if it’s done right

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73 Comments
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    Mute Griffosaurus
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    Jun 12th 2013, 8:50 PM

    Like what other option do you have with some people who are violent to the extent they can’t be around people… Is doping them out of there head non stop any better

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    Mute Aine Nibhern
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    Jun 16th 2013, 11:17 PM

    As long as you are aware that the prescribed psychoactive drugs they pump into people can also increase the risk of violence. Here is a forensic Psychaitrist from Australia.

    Adverse Reactions to Psychiatric Drugs: Yolande Lucire MBBS, Peter Breggin MD
    https://www.youtube.com/watch?v=IEoSs6Yo0DA

    Prof David Healy and Dr Peter Breggin also do great work in getting the truth out about these drugs.

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    Mute patok
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    Jun 12th 2013, 10:56 PM

    This is seriously unfair and insulting to psychiatric nurses, a profession which has many wonderful, hard-working people.

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    Mute Karen Reidy
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    Jun 12th 2013, 11:24 PM

    Restraining is for everyone’s safety. Bonkers attitude

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    Mute Antonia Sparkels
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    Jun 13th 2013, 5:21 AM

    More shit from people completely put of touch with the reality, this would be fantastic if psychiatric nurses didn’t have to restrain seclude or even medicate at that, but unfortunately we live in reality where sometimes people with mental health issuers are aggressive and violent, as long as this happens restraint and seclusion will be a necessity, the alternative is high doses of sedatives ??? Which would you choose

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    Mute Frank Dowling
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    Jun 13th 2013, 6:55 AM

    The mental health commission obviously dont have a clue what they are talking about!

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    Mute Ann Murphy
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    Jun 13th 2013, 5:32 PM

    Its the same in nursing homes we recently had an issue with my mother after a fall..not her first..and were told she couldn’t be strapped into a chair because its too restricting even though it would be for her own safety.

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    Mute Lara Kelly
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    Jun 13th 2013, 11:51 AM

    Isn’t it important to look at if restraint actually works/helps people recover? It should be a last resort. This blog from someone on the damage restraint did to her is interesting: http://www.mind.org.uk/blog/9010_i_needed_help_not_harm?utm_source=Twitter&utm_medium=Social+media&utm_campaign=Restraint

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