This looks like it will be another tough one. With 3 billion to cut where will it come from? More public salary cuts? More levies? Public sector job losses? loss of services? what do ye reckon? Sick thinking about it.
Going to be even worse now - bnloody banks and politicians!! Hope everyone remembers this mess come election time! I'm guessing 10% to be cut off welfare payments, 1-2% Income tax increase, water rates & property tax
did Lenehan not say yesterday that 3bn wont be enough after the AIB and Anglo news. Going to be worst budget ever I reckon.
It will be more than 3Billion now. Public salary cuts and public sector job losses not on the cards because of the Croke Park Agrement. Yeah, I would imagine social welfare and childrens allownace will have to be cut. Tax increases are on the cards and water rates are due to come in anyway.
going to be a disaster, head of the institute of tax was on the radio this morning saying they can't afford to raise taxes because things are so tight and we'll see no growth if they do but i still expect them to raise taxes
It will be bad. Im nihilistic about it but I reckon at leaast some if not all the following either this or next budget I think child benefit will be slashed and will not be available to those earning say 50,000-60,000 a year. Dole will be cut. Toll secondary roads. Water tax, unlikely this budget Property tax (about 2-3,000) per home, not this budget Public sector pay cuts though it will either be a slice of gross or a new levies e.g . PRSI increase to 10-12%, this year, 15% next year. Pension levy to 15%-20% for "higher income earners", 10-15% for the rest of us. Health Levy or toilet levy of whateverthefcuklevy 5-6% They wont raise PAYE but will dip hands in pocket another way. I reckon the average person will be paying 65c in the euro between Tax and Levies before too long. Maybe not at the end of this budget but over the next 2-3 budgets. More VAT. Increase the price of fags, fuel and drink. Hospital fees will soar. No drug benefits for most, higher excesses. There is no way out of this unfortunately. The Government has guarunteed the banks so we are heading for a real hairshirt economy.
i think all of the above are possible - but as far as iknow the property tax is a non-runner because its just too inflammatory - plus they may hope to get in an extra 1/2 -1 billion a yr from it but if every house owner in the country just refuses to pay it then their budget estimations are screwed...and i reckon hunderds of thousands of home owners just wouldnt pay it and what are they gonna do, rent the isle of man and build a second spike island over there to house the non paying rebels?? i think increasing taxes and PRSI ie cuts at source which u cant do diddly squat about are the most likely, augmented to pay cits, levies and whopping reductions in the public service through cuts in numbers or cuts in services provided.
I think water charges are gauranteed in the next budget. It will be a flat rate because there's no meters at the moment. The income levy will be increased again. Social welfare and child benefit will be hit again. I can't see public sector pay being cut again and I think cowen said himself yesterday that the government will honour their part of the croke park agreement and rightly so. But with most analysts predicting a general election in the spring I can't see this government getting another budget through. Backbenchers will vote against the government in the hope it might save their constituency seats. it will be every man for himself I reckon.
They can stick their property tax up their jacksie for a start,after paying a hefty wedge of stamp duty on my place im not paying again id rather get locked up for it. Im not expecting tax increases but im expecting cuts in credits so its the same thing.
Yeah they can ram property tax up their holes.Sure theres so many people barely able to pay mortgages never mind an extra tax on top of that.Don't think thats a runner for a couple of years until things start improving.
Whatever happened to the parking at work tax for people living in urban areas? I knew it was postponed but has it been scrapped all together.
This is going to be a bad budget alot worse that first feared. Tax increases are a given. Public sector cuts will happen, they will come up with some sort of levy or really reduce numbers.. I just hope come election time everyone remembers who was in power when all this happened and really punish FF. Although im not sure if the other lot are any better!!!
Whoever is in power next are powerless. Labour will up taxes, Fine Gael will do something else and FF will continue to pick pocket. Whoever it is the days of 65-75% taxes are only a whisker away. Vote out FF, but itll make no difference. I just came back to Ireland form UK. Im regretting that now.
No itll be 20 -41 % income tax but add 10% PRSI, 10% pension levy, other levies and it wont be long adding up. I'm already paying 60% all levies and PRSI and pension included.
Hi Here's my 2cents worth: While FF will be under mega pressure to raise funds and lower expenditure in the next Budget and will have the comfort of being able to blame part of it on the "nasty" EU, the truth is they won't have the bottle to do all that actually needs doing .... why, simply because they are desperate to save some of their a$$e$ come the next election ! My guess is the following: - Increase in standard and higher rate of taxes (probably 2% on both rates) - Possible introduction of a new "temporary" tax band of say 10% on lower earners who are currently exempt from payment of income tax, due to low incomes earned. - Increase on the PRSI levies (expect 1% increase on all income) - Further increases on collection of funds to help pay into the pension reserve (to in turn, help pay for the "investments" in Anglo and other banks etc), under the heading of helping to fund your retirement. Amendments to legislation no doubt will follow, allowing the Department of Finance to use these funds to "invest" in other companies or ventures - thus in time, being used to help pay for schools, hospitals etc. - Increase in VAT of 0.5% (the only thing that will help keep this down, will be whats happening in Northern Ireland and the fear that everyone will just shop in NI again) - Increase in the usual (Petrol, up 8 cents, Smokes up 23cents & Booze up 4 cents on a pint and somewhere closer to 30 cents on a bottle of wine or spirits) - Increase in the number of Toll Roads, all Motorways up and down the country are likely targets (for example, the Waterford -Dublin road has no tolls, can't see this remaining for long) - Introduction of Water Charges for Domestic Use (it'll start off with something small, probably deferred until mid 2011 to try and soften the blow etc) - Increase in tax charged on residential investment properties (currently (I think) €200 per property, probably increasing to close to €300 per property) - Some sort of property tax, for people with homes over a certain value (they can lower the value later, but in order to get this concept back in, they'll start off targeting higher value houses, probably over €425k or something) - Taxes on people who own boats, planes, helicopters or other leisure craft not currently covered by road tax etc. - No increases in any of the social assistance payments, such as unemployment benefit, old age pensions, single parent allowances etc ... so by virtue of increases in the cost of living, they will in effect be reduced somewhat. - Possible introduction of part time work for all collecting unemployment benefits, firstly targeting trades and certain professions I'd guess (possibly one weeks' work per month signing on). No reason why they unemployed can't help clean the streets, tidy up public parks, help repair roads, footpaths, bridges, public access laneways etc etc. - A proposal to bring in a further "mini" budget either just before or after Summer 2011. I'm sure I'll come up with a few more, but that should be about enough to depress everyone reading this thread for now ... sorry, but it's reality time. Our country is in a very serious financial mess and it's going to take decades to get out of it, not just a few years !
Is your surname Thatcher or Harney? Thats what community service is for. What do all these people you want to force into slave labour supposed to do about bringing their kids to school? Or picking them up? How can anyone on the scratcher afford childcare for one week a month? I have to stop there this because I'd get a lifetime ban if let you know what I really think about that shite