TheJournal.ie uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Click here to find out more »
Dublin: 9 °C Thursday 23 May, 2013

WATCH: If taxes are raised in Budget 2012, which should they be?

The very wealthy would be paying a great deal more tax if the respondents in this video vox pop had their way…

Image: TaxBrackets.org via Flickr.com

THE SHADOW OF Budget 2012 is beginning to loom even though it is not due until the beginning of December. Finance Minister Michael Noonan is due to pulish a deficit reduction plan this month to outline spending cuts and tax increases for the next three to four years.

Our pals at TheLineIreland took to the streets of Dublin this weekend to ask people what taxes they would prefer to see raised in December’s Budget, if – as suspected – they will be.

Property taxes came into their sights – and so too did wealthy individuals…


Watch other vox pops by TheLineIreland>

Read next:

Comments (17 Comments)

  • Tax the people who made a fortune from the bubble and are not reinvesting in the economy, and the people who caused the collapse, call it the economic reparation tax.

    Reply
  • Increasing tax rates to correct the public finances is like eating soup with a fork.
    Increasing marginal rates does not necessarily increase tax take and can have the opposite.
    While cutting spending can have achieveable and quantifiable results. Increasing taxes above an optimum level is subject to diminishing returns.

    I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.

    Winston Churchill

    Reply
  • Hit the people who can afford it !!!

    Reply
  • 3rd tier of tax… 60% of income earned after 200,000 or so…. that would raise a lot of revenue and wouldn’t hit the poor. only those who can afford it.

    Reply
  • The priority has to be cutting government spending in all sectors apart from frontline hospital, education and policing.

    Everything else should go.

    At the moment there is too much waste and inefficiency in terms of spending money.

    After cuts are made in terms of spending then the government can consider raising taxes.

    Reply
  • I don’t see that any taxes should be increased until after the corrupt and fraudulent practises have been sorted. TD’s and Senators and others claiming for expenses that they are not entitled to. Benefit payments that are sent abroad with the exception of "the State Pension" providing the required qualifying payments were made here. A cap placed on benefit payments. Then and only then should tax increases be thought about.

    Reply
  • Close off the tax loop-holes that cost us €4bn a year.

    Abolish local authority rates and replace them with a 1% of turnover tax, or lower if we can afford it.

    Abolish carbon taxes and VAT on all fuel types. Have a set excise duty of 50c per litre.

    Establish a state oil and gas company like Norway have and pass a law that takes control of all resources in our territory. Any company that threatens legal action will loose cause the minister that gave the rights away was corrupt, thus voiding the contract.

    Abolish childrens allowance and divert it to FIS and child dependent social welfare recipients.

    Abolish rent allowance, anyone who cannot afford to rent privately will be given a NAMA house to rent from NAMA at reasonable rates. This will have two positive effects… 1- reduce rents for normal PAYE folk, 2- eat into the over supply stock of houses thus will help kick-start house building.

    Reply
  • No tax increases. Spending cuts to get the deficit inline, but start messing with tax increases and the economy will tank for sure. A country can’t tax it’s way out of a recession and we’re already on the brink.
    If anything, they should slightly lower a tax or two- breeds confidence. Confidence is the true measurement of an economy’s prospects.

    Reply
  • Well if you over tax the super rich they will just lay off a few people too cover it, its the sad reality off this nation.

    Reply
    • This may be true, however, we must think beyond our selfish self interests to transcend this “catch 22″ scenareo, or they will remain commited to repeat this same pattern of lustful greed into our future, lets nip it on the bud now while we have this opportunity… for the future generations of our young people…

      Reply
  • Tax the Hob Nobs in Irish society… if they threaten to leave our shores with our wealth then let them go…expulsion of ‘Greed’ ought to be a long term creative vision of recovery…

    Reply
  • the govt need to save/make cuts of approx 4 billion this yr, and tax avoidence loophole cost the state around 4 billion per yr! why have none of the so called highly paid advisors spotted this? could it be that they are the very people making use of these loopholes? lowering the tax on fuel would avoid people falling into ‘fuel poverty ‘ and make it cheaper to get products to the shops, this could lead to a reduction in prices and people might start to spend a bit more therefore increasing the v.a.t. take, that would make up for the loss of revenue from over taxed fuel, and a 10% levy on betting, be it at the bookies, the racetrack online or the lottery would bring in millions of extra revenue, getback some of what was lost under mccreevy and his horse racing pals, a 10% tax on the lotto would mean a price rise of 15 cent per line, i dont see many people NOT doing the lotto because of a small price rise like that. if there has to be cutbacks, make them in the right way for a change, get shot of half the t.d’s, and stop paying dirty great pensions to ex – ceo’ and politicians, cut the number of county councils and the ‘executive’ posts that go with them, in the h.s.e. get rid of the ‘commitees’ and quango’s and the high paid advisers that sit on them, ask any ordenary person where savings could and should be made and they’ll tell you for free, why do we have these committes when were already paying civil servents to do these jobs?

    Reply

Add New Comment