Minister for Finance Michael Noonan and Minister for Public Expenditure Paschal Donohoe at government buildings earlier this month.
Our unfortunate ministers fear
That they won’t get to spread much good cheer
Just two euros a week
But they have the cheek
To call it a hundred a year.
John Moynes
Rollingnews
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TAX BREAKS FOR LANDLORDS, ARE YOU FUPPING KIDDING ME!?!?!
And raising the inheritance tax exemption to 320k. What an absolute disgrace.
That applies only to parents leaving houses to their children, according to the article. I imagine the idea is not to force people to sell their homes. If it’s limited to that, it’s not the worst idea ever. I’ll be curious to see if it applies to children who have a home elsewhere.
Ah, that’s not so bad. Probably should’ve actually read the article before going into full outrage mode.
I dunno, I think I’m with the mild outrage. Seems ridiculous to be taxing earned income fairly stiffly only to exclude massive chunks of unearned income. But then maybe what it brings in isn’t worth it compared to the political gain of tax-free inheritances for the middle classes. I think the Indo may have simplified a bit. Unless there are other changes not mentioned, inheritance tax applies to all gifts, regardless of whether you have another house. If a house is inherited by more than one child, presumably a sale is on the cards anyway. The point is the tax bill.
But that exists already. It’s called Dwelling House Relief
http://www.revenue.ie/en/tax/cat/leaflets/cat10.html
Great link. Thanks. I withdraw my tentative lack of outrage.
blushirts kicking the poor and now the middle classes, christ how thick are they?
Taxing inheritance is ridiculous, especially in the case of the family home.
Tax in the form of VAT and property tax will already have been paid.
Tax upon tax upon tax.
As a mild mannered, kindly individual, I’m sometimes shocked by the level of hostility I feel towards these c runts, and the strength of my desire to really HURT them. That encapsulates the level of harm these beasts have done to civil Society.
PS why am I always late? With work and living and all that I’m always late to the discussion – what’s the optimum time to tune in?