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Irish budget 2010

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PostPosted: Tue Dec 07, 2010 6:42 pm    Post subject: Irish budget 2010 Reply with quote

The lower they are, the harder they're pushed.

Very much a budget aimed at tightening the nooses round the necks of the poorest.

No reduction in state pension
. 10 reduction in Child Benefit rates
. 4c on petrol, 2c on diesel from midnight
. Revised air travel tax of 3 from March
. 40 payment for fuel allowance recipients
. New minimum wage not in tax net
. Public service pay will not be cut
. Public sector salary capped at 250k
. Public service pensions over 12k cut 4%
. Taoiseach salary cut by 14k; ministers by 10k
. Next President's salary to be capped at 250,000
. Employee PRSI/health levy pension relief gone
. Income/health levies to be replaced by single universal social charge. Rates on the charge will be 0% below 4,004 a year, 2% up to 10,036, 4% from 10,036 to 16,016 and 7% above this level
. Pension contributions subject to PRSI and Universial Social Charge
. Employee PRSI contribution ceiling removed
. Increase in the PRSI rate for the self-employed, higher earning public servants and office holders
. 1% tax on residential transactions up to 1m; 2% over 1m
. All stamp duty exemptions abolished
. Car scrappage extended for six months
. No change to Ireland's corporation rate
. Value of tax bands and credits to be reduced by 10%
. DIRT increased by 2%
. Online betting will be subject to the same betting duty as in bookie shops
. Carer's Allowance for those under 66 to be cut by 8 to 212 a week
. Disability Allowance being cut by 8 to 186 a week
. New passport fees for over 65s
. Business Expansion Scheme to be revamped
. 15,000 activation places for unemployed
. Third-level student charges are to rise by 500 to 2000
. Student grants are to be cut by 4%
I experience pleasure and pains, and pursue goals in service of them, so I cannot reasonably deny the right of other sentient agents to do the same - Steven Pinker
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