ERSI slam 30% income tax rate

A new 30% income tax rate is not the best way to help middle-income workers, according to the ESRI.

The move is being considered as part of next month’s Budget, with Fine Gael in particular looking to shake up the tax system.

It would see a 30% rate added to the current tax system to ensure people don’t enter the highest rate of tax too early.

But Dr. Karina Doorley, research area co-ordinator at the ESRI, says other measures might be more effective:

“If the intention is to target middle income households here, a 30% tax rate, it’s probably not the most efficient way to do it because it also benefits high income tax taxpayers and in the current context of inflationary pressures and so on, that’s really not the priority. The priority should be low income households.”

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Comments
  1. Carlous   On   5th August 2022 at 2:04 pm

    Karina would want to stay out of it. Its such a welfare starte. How about putting some money in the pockets of people who pay for all these handouts.
    The people who have worked their arsenal off to get where they are but end up having to pay over 50% in deductions each pay cheque before we all leave the country and ye have no paye coming in.

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