Thursday, 20 August 2009

Tax breaks for the very wealthy

Slí Eile: If in doubt about the capacity of some people to pay more tax check out the Department of Finance Analysis of High Income Individuals' Restrictions 2007
Joan Burton, T.D. has a good comment on this here.

1 comment:

Tipster said...

Now, I didn't understand the footnotes in the report about "adjusted income", "restricted income" and "ring-fenced income", so I am no expert in what the report is saying. However, am I right in taking from the report the following:
- the objective of the tax regime is to get the wealthy to pay an income tax of 20%?
- and this is an objective while people on lower incomes are subject to a tax rate of 41% on some of their income.
If I have picked up those two factiods correctly, then my reaction is WTF.