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MINISTER FOR FINANCE Paschal Donohoe has announced a reduction in rates of the Universal Social Charge (USC) and a rise in the point at which you get charged the higher rate of income tax.
He said that a “system where those earning an average wage are charged the higher rate of tax is unfair”.
“We cannot hope to remain competitive if someone on a relatively low income and who decides to work a few hours overtime has nearly half that extra money taken in tax,” the Minister said.
The entry point for single earners to get charged the higher rate of tax will increase from €33,800 to €34,550, a rise of €750.
This means that anyone earning under €34,550 will only be charged the normal rate of tax, while those earning over it will see a slight reduction in the tax that they pay
The 2.5% rate of USC will reduce to 2%, and the ceiling for this new rate will increase from €18,772 to €19,372.
The 5% rate of USC, meanwhile, will reduce from 5% to 4.75%.
The top marginal rate of tax on income up to €70,044 will now be 48.75%.
The Minister also announced a €200 increase in the Earned Income Credit, bringing it to €1,150. He said the increase will benefit over 147,000 self-employed people generating economic activity in the country.
As well as that, Donohoe said that he would be establishing a working group to plan, over the coming year, the process of amalgamating USC and PRSI over the medium term.
He added: “A key objective of this group and, of mine as Minister for Finance, is that this process does not narrow the tax base but ensures that our personal taxation system is both competitive and resilient in the future.”
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Evil : just pure evil :
Mother and ‘boyfriend’ seems to be the common denominator here.
So if they were married it wouldn’t happen, I assume is what you’re implying?
I think he is saying that a dad has a connection to a child, and can protect the child. A home with multiple boyfriends doesn’t offer the same protection, don’t want to speak for him, that is what I think he meant.
If this was their fifth arrest in relation to child abuse, why haven’t they been locked away sooner? Or will this only happen once they’ve killed the girl? There’s something seriously f*cked up in a justice system, where you can abuse your child be arrested for it, and then are allowed to continue as if nothing happened
A child died after her mother poured boiling water on her face, one of the many reasons why I don’t believe in God. If a God can sit back and let that happen then there is absolutely no point in a “God” existing.
Is there a island that we can put all those horrible people on
Japan?
“Is there a island that we can put all those horrible people on”.
Yes, there is an island in Japan known as ‘Battleship Island’. If you google it you will see it would really would be perfect for these evil excuses for parents.
Mother and “boyfriend” seem to be a very common thread in a huge percentage of these cases. Very weak, stupid, compliant and self indulgent women and evil, controlling men. To allow your child to be abused by another is the ultimate betrayal of natural law and all that makes us human. Those women deserve to lose their children without any second chances. There’s a special place in hell for people who would deliberately and maliciously hurt a child. And animals.
We have had far worse cases in Ireland in the last few months.
Where was the father? He was obviously responsible.
She probably met up with him after she was released on bail.
Turn you’re stomach
She should sue she!
Ok that made me laugh.
What about us having to take cod liver oil!
Yeah Donie, along with a punch in the face and a ciggerette burn in your mouth.
Their not short on omega 3 anyway
The poor woman is obviously mentally disturbed and needs our help and sympathy. She was obviously acting under the influence of some evil male. He should be tracked down like a dog, horsewhipped and imprisoned for life.
The flipping Catholic Church has a lot to answer for!
The defence, “She came for it and by jaysus she got it!”
have your say