Stamp duty is fucking scandalous anyway. Nobody should be paying stamp duty.
[deleted] on
[deleted]
FatherChewyLewey on
Applies to the value of a home sold for over 1.5 million. Taxed at 6% instead of 2%.
So if you buy a house at 2 million, you will pay an additional 20,000 euro stamp duty (by my quick maths).This is the type of marginal additional taxing of super rich which i think makes sense to me. Anyone buying a house for this amount is almost certainly benefiting from generational wealth and not relying just on income. I applaud this.
sheridkj on
Not like it matters, who else are they going to vote for?
carlitobrigantehf on
> These are wealthy people but they’re crippled with tax already,” said another councillor
Crippled eh? The people buying and selling houses over 1.5 million are crippled?
defixiones on
It used to be 10% on all houses which I though was crazy. I remember someone who bought their house just after I did got a refund when they abolished it.
When every transaction or earning gets taxed it feels like the death of a thousand cuts.
Jean_Rasczak on
Standard article
No names of anyone involved
Spin it out to get the e outrage and shares
Ask the media to back it up and silence
YoureNotEvenWrong on
> However, Fine Gael councillors in well-heeled south Dublin have privately expressed anger over the measure, saying wealthy people already pay their fair share of taxes.
High income people pay a lot of tax, but whether the wealthy pay much depends on their income and what form their wealth is in
> They will have to pay higher levels of the Local Property Tax (LPT)
LPT is tiny
Storyboys on
The word populist has been thrown around by Fine Gael and its voter base so much that it has conpletely lost all meaning and worth.
It is used as a very weak argument to go against what the majority want.
If 95% of the population support a measure, that’s not populism. That’s democracy.
hmmm_ on
Bullshit article, but on another topic, people sitting in big houses with low incomes often pay fuck all tax. And they’ve now been given an inheritance tax cut to entrench generational inequality.
No_Establishment2459 on
Eat the rich.
Srsly, I suggest them to try be a student or homeless person for a one day and then complain about taxes!
SnooWoofers2011 on
I’ve noticed this too. Throwing the word populist around in a negative sense. Responding to the needs of the population is their job… isn’t it?
Willing-Departure115 on
If you read the dept finance estimates, the cut in inheritance tax (raising the tax free allowance to €400k etc) will cost €88m, and this additional stamp duty will bring in €80m.
So for example if 4 kids were inheriting a house worth €1.6m (and nothing else) from their deceased parents, they’d now pay no inheritance tax on it… but when they sell the house, the purchaser will get caught for an additional €6k.
17 Comments
https://preview.redd.it/ps1o8dvkkosd1.jpeg?width=600&format=pjpg&auto=webp&s=997d982064d1557c841e14fc8a0dff7a8e360453
It’s a transaction tax, not a mansion tax.
He should have argued that since the buyer pays, it’s effectively a tax on the homeless. At least the article would have been funny.
https://i.redd.it/inldbsc1nosd1.gif
Stamp duty is fucking scandalous anyway. Nobody should be paying stamp duty.
[deleted]
Applies to the value of a home sold for over 1.5 million. Taxed at 6% instead of 2%.
So if you buy a house at 2 million, you will pay an additional 20,000 euro stamp duty (by my quick maths).This is the type of marginal additional taxing of super rich which i think makes sense to me. Anyone buying a house for this amount is almost certainly benefiting from generational wealth and not relying just on income. I applaud this.
Not like it matters, who else are they going to vote for?
> These are wealthy people but they’re crippled with tax already,” said another councillor
Crippled eh? The people buying and selling houses over 1.5 million are crippled?
It used to be 10% on all houses which I though was crazy. I remember someone who bought their house just after I did got a refund when they abolished it.
When every transaction or earning gets taxed it feels like the death of a thousand cuts.
Standard article
No names of anyone involved
Spin it out to get the e outrage and shares
Ask the media to back it up and silence
> However, Fine Gael councillors in well-heeled south Dublin have privately expressed anger over the measure, saying wealthy people already pay their fair share of taxes.
High income people pay a lot of tax, but whether the wealthy pay much depends on their income and what form their wealth is in
> They will have to pay higher levels of the Local Property Tax (LPT)
LPT is tiny
The word populist has been thrown around by Fine Gael and its voter base so much that it has conpletely lost all meaning and worth.
It is used as a very weak argument to go against what the majority want.
If 95% of the population support a measure, that’s not populism. That’s democracy.
Bullshit article, but on another topic, people sitting in big houses with low incomes often pay fuck all tax. And they’ve now been given an inheritance tax cut to entrench generational inequality.
Eat the rich.
Srsly, I suggest them to try be a student or homeless person for a one day and then complain about taxes!
I’ve noticed this too. Throwing the word populist around in a negative sense. Responding to the needs of the population is their job… isn’t it?
If you read the dept finance estimates, the cut in inheritance tax (raising the tax free allowance to €400k etc) will cost €88m, and this additional stamp duty will bring in €80m.
So for example if 4 kids were inheriting a house worth €1.6m (and nothing else) from their deceased parents, they’d now pay no inheritance tax on it… but when they sell the house, the purchaser will get caught for an additional €6k.