Some crystal balling.
Taoiseach Enda Kenny has said the top tax rate on middle-income families will be dropped to a maximum of 50 per cent in 12 months’ time, all but confirming plans cut the upper income tax rate to 39 per cent in the next budget.
Mr Kenny remarks, in a Dáil speech this afternoon, are also seen as a clear indication that the new upper USC rate of 8 per cent on income exceeding €70,000 would be increased to 9 per cent when the top income tax rate is cut again.
This also implies that the two lower USC rates would each be cut by a further half percentage point to 1 per cent and 3 per cent respectively.
Want to see what that will all mean to you (should it all come to pass)?
We have Karl’s Budget 2016 calculator prepared already!