I’m the first to admit that I suffer from economic dyslexia, or eclexia if you will. But when faced with the fear of more hits on my tiny pocket I decided to pay attention to this year’s budget and find out how the 2009 budget is going to hit us – The Workers.
First things first – how much more or less money will we have in our pay packets?
The standard rate tax band has increased by 1,000 for singles and 2,000 for marrieds. Put simply as a single person you can now earn €35,400 at 20% tax before they slap on 41%. Unfortunately 1% of your salary up to €100,000 has to go back to the Government and 2% for people like myself who earn more than that (!)
Commute:
It’s no surprise that the gas guzzlers got whacked again, 4% increase in road tax for cars lower than 2.5 litre and 5% for those over, yikes. That combined with an 8 cent rise in petrol is going to be a tough one to swallow. Why didn’t I buy a diesel car…..
Similarly company car spaces will be taxed 200 quid per car in major urban areas. No, I don’t know the definition of a major urban area either. I wonder will we get clobbered in the multi-storey?
Leisure:
Holidays are scuppered again, a tenner tax to leave Ireland. Would someone tell them there would be no need to leave if it was sunny …
Smokers got away lightly, 50 cents increase on a packet of fags- they could have gotten away with a much bigger increase than that I’m sure. Nobody is going to be put off smoking by 50cent – increase them by a fiver and you’ll soon see the Nicorette sales go up. But why stop there? Why not add a tax on chips in a similar vein to make the country healthy? Or stop putting Wispa’s beside the cash register in EVERY shop?
Tax on wine has gone up, but I’d love to do a pop quiz on the nation to see who actually knows how much drink costs? I couldn’t tell you for one second how much a pint costs. Anyone else similarly affected?
Pensions have increased by €7 a week- big wow, just goes to show how important it is to have a private pension. Especially when most of us now won’t get a medical card when we reach 70…..
For a more in depth analysis check out www.budgetforum.com or www.budget.gov.ie and let us know how you feel about this years budget in the comments box below.
Rebecca