Did everyone have a good budget? (1 Viewer)

[Lili Marlene]

: (

 

[Lili Marlene]

Actually, my wages being what they are I don't appear to be hugely affected

 

[ann post]

I'm still very confused. the chat in the 4 year plan thing would suggest i am pretty fucked - but so far as i can tell my 'genre' hasnt been specifically announced.

 

[ann post]

ok it has now, but not enough detail for me to figure out.

 

[rettucs]

I'm getting rode up the hole anyways. The worst hit are the low and middle income earners. I'm one of those.

 

[snakybus]

as someone with 3 kids and the income we're on we've been also rogered good

 

[Squiggle]

I've been trying to ignore it as much as possible, but from what I have heard and seen we're really going to struggle next year.

 

[nlgbbbblth]

not good.

 

[Goodbye]

sure we all partied

 

[HMD]

Double screwed

 

[shower another shower]

...

 

[Super Dexta]

Depending on what tax calculator I use I'm down either 2 euro a year or 10 euro a month, not sure how that works because I'm definitely not earning upwards of 'middle income'

 

[rettucs]

don't forget other costs such as petrol. Petrol went up 4 cents in the budget yet most garages have stuck it up by 10 cents. Bastards.

With tax credits dropping and the tax rate rising, I reckon your tax calculator might need new batteries.

 

[Super Dexta]

With tax credits dropping and the tax rate rising, I reckon your tax calculator might need new batteries.

yeah they take all those into account, they give a comparison between pre-budget and post-budget taxes and levies. i'm still barely any worse off than i was before. you can try it yourself: http://www.deloitte.ie/tc/Default.aspx

 

[Super Dexta]

Or go here and click the first example:
http://www.thejournal.ie/budget-calculator-2011/#basic-calculator

 

[ratmonkey]

That thing seems to show me pretty much unchanged, which I'm not sure is right. It doesn't take the various tax reliefs which are being removed (rent etc) into account either.

 

[Super Dexta]

Rent relief isn't going straight away, it's being phased out over a couple of years. The second one takes that into account in the advanced calculator.

 

[Super Dexta]

This one is the same: http://www.redoaktaxrefunds.ie/budget-calculator-ireland

 

[ratmonkey]

My manual calculations may have been wrong. Which isn't terribly surprising.

 

[rettucs]

Depending on what tax calculator I use I'm down either 2 euro a year or 10 euro a month, not sure how that works because I'm definitely not earning upwards of 'middle income'

I worked it out in my head and came up with something like 150 quid a month that I'm down. I'll have a go on that calculator later and see. It'd be great to be wrong!