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educated_but_ignored
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educated_but_ignored
@educatedignored
Frustrated Irish citizen with degrees out my backside but ignored none the less.
Sumali Ekim 2021
321 Sinusundan96 Mga Tagasunod
@danobrien20 @thecurrency Does the piece include coverage of effective tax rate rather than marginal rates? The effective rate is the real deduction value people suffer & comparing across countries what is the ranking then? The AI on this Google search says we are 22 of 38 OECD
bit.ly/4d15a9o
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Cut income tax - today's @thecurrency column.
Punitive personal taxes were introduced in Ireland 18 years ago to address a fiscal crisis that is long over.
Last year the government took in almost €45 billion in personal income taxes, up from €15 billion in 2010.
How has it used that three-fold increase (yes, that's a trebling) of income tax, USC and PRSI revenues?
Annual social expenditure rose by €25 billion 2015-2025, when the economy was growing strongly.
Having kept the lid on public sector pay from 2008-2016, when it stood at around €20 billion, it has since soared by €16 billion to €36 billion last year.
What scrutiny there is of government spending is too focused on one-offs (hospitals and bike sheds). There is little examination of annual recurring spending, of almost €50 billion on social spending and the €36 billion spent on the public service pay bill. Both rise by additional billions every year, as does almost every other spending line.
Ireland badly needs a Taxpayers' Alliance, because politicians are certainly not standing up for taxpayers. Across the political spectrum, parties all want ever more spending. None is calling for fundamental reform of one of the most punitive personal tax regimes in the world (ranked second worst in the OECD by the Tax Foundation).
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@danobrien20 @hmorris96 @thecurrency Does the piece include coverage of effective tax rate rather than marginal rates? The effective rate is the real deduction value people suffer & comparing across countries what is the ranking then? The AI on this Google search says we are 22 of 38 OECD
bit.ly/4d15a9o
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@Jon_Mackenzie @mattcity5 @Transfermarkt Maybe tge number of weeks injured rather than number of matches missed would be a better way to illustrate things?
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@mattcity5 @Transfermarkt Yes. That's the point of my tweet.
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Seen this viz from @Transfermarkt doing the rounds today. Ive just gone through and highlighted all the teams in Europe this season. Make of that what you will.
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The estimated solar output & revenue #lfId=ChxjMe" target="_blank" rel="nofollow noopener">google.com/search?q=what+…
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@barrykenny would this not be a good strategic initiative for Irish Rail to engage in Barry? @jonathanhealy
BladeoftheSun@BladeoftheS
Switzerland is putting solar panels on all the empty space between train tracks. If done in the UK this would take 20,000,000 Solar Panels and would provide 8GW of electricity.
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@keira_con @CoffeeDoq How is that related to my comments?
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On my production system I use excess to heat water and send it to digital heaters when the battery bank is fully charged. my test panels did 80 kw plus since the 21 of the month, this has been dumped into a dummy load to ensure all available current and power is measured from the panels, typically the inverter tracks load and if grid tied export the excess, however for testing I needed to load the inverter with a load, I sent the load to a heating element as this has a power factor of 100% so the power I am measuring is Active power rather than reactive power, so I can stand over the production figures, if all the days were sunny i would have produced 480 kW in 30 days but there are peaks and troughs.
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I had a conversation with a person who just put in solar telling me how good it was and how much money they would save, also they had a 25 year warranty and so on.
Solar is great if there is Sunshine but sales men and women will tell you they work all year around but this is a fable. I have tested every type of panel going from 440 watt to 650 watt.
I have tested Monocrystalline Solar Panels (Mono-SI) which claim an efficiency rate of 20%, Polycrystalline Solar Panels (p-Si) which are less efficient 15 and they do not like high temperatures.
There is a expectation that these panels will produce all year round but the sad reality is that on a overcast day they are lucky to produce 10 % of their total output, On a very warm say they also produce less, Ironically on a very cold winters day with a clear sky and sun they can out perform their summer yields.
Another thing to consider is that their yield drops off after year one at about 0.73 % per year, Also they like to be kept clean for best performance as even bird droppings can restrict entire string output depending on the panel and how they are connected.
Today In Ireland, on a new 5 x 550 watt Monocrystalline Solar Panels test rig they are just about able to produce 148 watts, yesterday the same rig was producing 2,665 watts.
Something to consider before making the big investment.
Also another thing to consider many installer say aim south but the ideal setup is panels facing east on one string and south on another which catches the sun from early morning until late in the evening.
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@keira_con @CoffeeDoq 800 when 2 are on the bill. That's 4100 units a year. You will never generate that kind of export so crack on baby. I've only exported 929kwh across 4 months this year. So multiply by 3 for an annual average which is 543. With 2 on the bill that 543 is not reduced by tax
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I don't sell back as what is the point prefer to use the excess for water tank or charging battery bank, grid export rates range from 18 cent a unit to some cases 32 cents but remember if you export and you earn more than €400 it is taxable income even if you import the same amount of units so you are paying tax on what you export and vat on what you import which is typically a higher unit rate, batteries and heating is the best place to use the excess rather than export
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@rfwalsh86 Corporate welfare they want. If it were banned there is no correlation to suggest it would translate into extra lotto sales.
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Hardly anything to do with them adding extra balls a few years ago or the fact its not national 🤷♂️
TheJournal.ie@thejournal_ie
The National Lottery has warned that betting on its draws through bookmakers is diverting an estimated €289 million a year from official ticket sales. The gambling body is now calling for government intervention on the issue. jrnl.ie/7026153
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@thejournal_ie Ffs just cos betting might be banned does not translate into those playing lotto directly. Corporate welfare ffs
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The National Lottery has warned that betting on its draws through bookmakers is diverting an estimated €289 million a year from official ticket sales.
The gambling body is now calling for government intervention on the issue.
jrnl.ie/7026153
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@Paula8178681 @ciarannugent The USC should not be reduced or removed. Give the same cash reduction via Income Tax instead.
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we've got Property Tax and this Deposit Return Scheme raking in another €66.7 million in unclaimed deposits in 2024 alone. With massive corporation tax surpluses on top, why are we still paying the “temporary” USC crisis levy on workers pay in 2026 ? I knew the usc was here to stay when the late Gerry Ryan announced, live on air, that our children’s children will be paying it.
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The USC shouldn't be lowered.
We're a low tax economy reliant on a handful of corporations for way too much of our revenue.
We've some of the highest earnings and income inequality in Europe and this will dispropirtionately benefit higher earners.
TheJournal.ie@thejournal_ie
Government will 'look at' lowering the rate of USC on a phased basis over the forthcoming budgets, junior minister Christopher O'Sullivan said jrnl.ie/7024532
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@Paula8178681 @ciarannugent Property tax is a drop in the ocean I am afraid
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@educatedignored @ciarannugent It wasn’t paid before the crash. We were fine. And if you’re thinking about the consequences of the loss of it. Property tax came along after. That should be enough to fill the gap
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@kopdublin81 @DaraghCassidy Solar panel do electric. Not heating
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@DaraghCassidy Would solar panels not heat pumps be a better fit for the vast majority of Irish homes
Increase the grant from 1800
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This is nonsense. Yes, electricity is too expensive in Ireland right now. But people aren’t installing heat pumps in greater numbers because they still cost thousands, even after grants, and only work in A or B-rated homes.
TheJournal.ie@thejournal_ie
The high cost of electricity is the biggest barrier to heat pumps in Ireland, the director of retrofitting at the SEAI has said. And construction cost inflation caused by the Iran war is likely to spill over into the sector. jrnl.ie/7022382
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@DaraghCassidy Aside from the pipes or rads (which is it) in a B rated home being too small which means floors being dug up. Which can be very costly
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@TomOHanlon17 @mir_ocall Legislation is totally not needed. Just enter into an equity release loan with a bank who will put a charge on the property.
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In other words Fianna Fáil will make the cost of living in your elder years so expensive that you are forced to give up your home instead of your kids inheriting it…..
Fianna Fáil@fiannafailparty
Catherine Ardagh TD is introducing legislation designed to give homeowners aged 60 & over a safer way to unlock the value of their home! ✅ Receive a lump sum & ongoing payments in exchange for a share of your home ✅ Stay living in your home for the rest of your life Watch here
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so if Manchester city wins the FA cup and the Premier League who do they play in the community shield?
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@danobrien20 Maybe they value their time & have enough pay to live so why would they?
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Cutting very high personal taxes would be self-funding, at least in part. People who have more than half of every additional euro they make taken by the state would take on more work. And the number of tax exiles would fall.
50%+ tax rates are brutally disincentivising. They are often self-defeating too, as they cause the very rich to take up tax residence abroad.
Dan O'Brien@danobrien20
My comments to @NiamhHoran for her piece on the surge in numbers of people worth €20 million+, why this is happening, taxation and tax exiles. Health warning: it includes the usual politicians bleating the usual tax-everything things.
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@ciarannugent USC was meant to be temporary, a crisis caused by ill informed politicians, regulators & bankers. Why should people born after 2010 still be paying it in 2026? Actually. Why should anyone be paying it ?
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