O’Callaghan calls for a cut in the 52% marginal rate of tax – The Irish Times
https://www.irishtimes.com/politics/2026/05/10/ocallaghan-calls-for-a-cut-in-the-52-marginal-rate-of-tax/
Posted by Banania2020
O’Callaghan calls for a cut in the 52% marginal rate of tax – The Irish Times
https://www.irishtimes.com/politics/2026/05/10/ocallaghan-calls-for-a-cut-in-the-52-marginal-rate-of-tax/
Posted by Banania2020
26 Comments
Trying to curry public favour after his calling for the army to step in during the protests
*52.2%, increasing to 52.35% in October.
Or 55.2% if self employed and making over 100k.
What does this achieve. Does jim have a vision ?
If only his party had been in a position to
do something about it in the last decade
So becoming Fine Gael is Jim’s plan to take the Fianna Fail leadership….
Build houses before your voter base dies out and you’d secure the future of the party. Tax breaks are definitely the inflammatory measure we need with a cost of living crisis
Yes please, more tax cuts please.
I look forward to a Democrat President in 2029 passing a law to pressure US multinationals to pay taxes there.
We can try to lobby for them to not do that all we like but we don’t really offer anything apart from softening the EU’s stance against US tech companies.
It’s nuts that a person can be taxed up to 52% on the value they add to the economy through working while their corporate landlord pays 25% on rent-seeking. Passive income that adds nothing, totally unproductive. Same with this 14k tax relief. All the money you make in your sleep should be taxed more than the money you earn
Absolute tripe populism. Not surprising from the guys. What we actually need is the bands raised and backdated to align with inflation, as will as a new upper band to compensate for tax loss.
I’m all for seeing a cut to income tax provided the short fall is made up by a wealth tax. To be fair the 52% tax rate is a disincentive to work overtime etc.
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If it’s just an attempt to buy votes though he can f*** off. No one likes paying taxes but narrowing the base would be a stupid decision. Did he learn nothing from 08? We are already too dependent on corporation tax this would make that dependency worse.
As a young “high earner” who still is a fair ways off buying a home that’s not a hellish commute away from work, good.
The social contract is broken: society isn’t providing for me in exchange for me paying high taxes because asset-hoarding boomer NIMBYs have prevented affordable housing or infrastructure from being built. A few years ago id be more left-leaning towards progressive tax structures but now I’m so spiteful and frustrated I couldn’t give a fuck.
I am self employed. My local mechanic charges €80/hour for labour. In order to earn the €80 to pay the mechanic I need to generate €160 in economic activity before paying myself a salary. The mechanic then pays himself a salary and only receives €40 of that €160.
This creates a bizarre situation where I can be many times slower than the mechanic and still better off doing oil changes and brake pads myself, instead of letting the professional do it.
It’s the double whammy on top of the usual argument of “I’m only receiving 50% of every €1 increase in salary so I’m not going to work more hours”.
Its simply wrong the government takes a greater share in a pay rise than the person who earned it. This was brought in when country underwater and despite promises usc was temporary never removed
Uk has 62% marginal tax. 69% if you have a student loan. If you have children in child care >100% as benefits are not universal. It could be worse.
Fix the tax bands. The % isn’t too bad for a top rate but it kick in a a ridiculously low level
Tax should never ever be over 50%
Tax system is completely broken, over a million people don’t pay tax at all, and then other people get this ridiculously punitive tax to make up for them not paying into the pot.
He is right, cut needs to be reduced, and low earners should pay their fair share too, even if it’s only a little
I’m not mad to pay tax, but I sorta think having a functioning society is a good thing. Like a health service, acceptable public transport and reduced class sizes, that type of boring stuff.
Why this immediate rush to cut taxes? Unless it’s going to provide relief to lower earners, I’m not interested
Jim is a complete spoofer who’s done nothing but sound bites. I had hoped he’d be a step up from MM but hasn’t a spine
This is fantastic for dealing with the symptoms of a cost of living crisis, but I’d rather every cent be ploughed into cheaper electricity and house building to actually solve the problem.
I paid tax in the Netherlands and always felt it was fair because I was getting “a return on investment”. I felt and saw the government actually using it correctly, like the infrastructure was there and I had a good quality of life
Here I see bike sheds, welfare payments, hospitals , a struggling health system, no transport, no houses, the list goes on and on.
When I was in sales my bonuses were taxed to high heavens. It was so depressing seeing the pay slip. I felt I got nothing back from the government.
A million people don’t pay tax, which is a good thing in some respects if the earn to low.
Theres paye, prsi and usc, three taxes. Whst a joke. Even removing one would work.
How about building a livable country with all that MNC’s money thats flowing in? How about investing in things? How about reducing the multiple taxes on people? How about building some fucking houses
There going to be voted in time and time again. Nothing will change.
I got a 10k bonus and saw less than 5k
Boom bust economy from Fianna Fail, just what they are good at.
We have a state where 38% of works pay no income tax. We should take a look at that first. We need to widen our tax base not narrow it. Otherwise we are become more and more reliant on corporation tax.
Ireland’s tax rates on “high” earners are insane. Well overdue.
The issue is people on 50k a year are paying 52%, people on €50 million a year aren’t.
Only fools work overtime, enjoy life while you can