Middle Ireland is squeezed – it should not have to pay again

  • Middle Ireland is squeezed – it should not have to pay again
    Independent.t. E.
    When officials in this country need to raise money for their lack of imagination means that they seldom look for the possibility of falling in the squeezed middle.
    https://www.independent.ie/business/personal-finance/middle-ireland-is-already-squeezed-it-shouldnt-pay-again-37227766.html
    https://www.independent.ie/incoming/article37227915.ece/178a5/AUTOCROP/h342/page10_money.jpg

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When officials in this country need to raise money for their lack of imagination means that they seldom look for the possibility of falling in the squeezed middle.

Despite workers still pay the bust-era income tax, wage increases muted consumer confidence fragile, the cost of many non-food goods and services is growing and this country is one of the most expensive in Europe, it seems, ordinary Joes and Josephines again lined up to have their pockets picked.

Latest clumsy proposal is that workers pay more PRSI (pay related social insurance) to Fund welfare dependency in this country.

About two million people are recipients of social benefits in this state, prompting a us brand well-being of the nation.

Of €20 billion on social benefits, which includes child benefit, which gets my family – to be paid PRSI payments of 2.5 million workers and their employers.

PRSI is a strange beast. It must be a form of insurance, with employees contributing to the Fund that pays out when you retire, have a child, get sick or lose a job.

PRSI but the reality is that this tax applies to the amount of 4pcs and the cut-off point when you pay a certain amount, as it was not until recently.

This is one of the reasons why the marginal tax rate in this country 52pc. The marginal rate is the amount of tax that You pay after you leave 20pcs tax group.

The amount of income tax and unified social insurance (USC) we only pay down a little of the worst years of the bust, which saw some of the introduced austerity measures.

This means that someone on €55,000 pays about €1,500 more than they were in 2008, before the economy collapsed.

Many families with an average income only about management.

The assumption that they had to pay an extra €250 a year to pay for pensioners and those on welfare don’t sit well with this group.

Of course vulnerable, as pensioners must be protected income, and social benefits in this country is relatively generous. And all social payments increased by more than inflation from 2015.

The Department for employment Regina Doherty and social protection wants to raise an additional €400m from employees, mainly to pay for the rapid growth in the number receiving pensions.

The social security budget is under pressure, and it is expected that the social insurance Fund, where PRSI payments go, will be in deficit by 2020.

It is not surprising, as it is now 1.3 million people in receipt of weekly benefits for social security for two million people.

Even 625,300 families receive a monthly child benefit for 1.2 million children.

Weekly welfare recipients 205,560 to pay unemployment.

Some 194,010 to disability allowance or invalidity pension, and 79,910 receiving attendance allowance or the allowance.

However, the idea that a barely-management workers should pay more PRSI to support more spending on social security, is hardly fair.

The state has always come to the same well when there is a problem?

It is time the social pressure to distribute more beneficial, affecting employers and to extract more corporate taxes.

Ordinary workers are already under too great a burden.

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