socialistparty.ie
Stop subsidising the rich - tax them!
By Ann-Katrin Orr THE GOVERNMENT have come up with yet another outrageous claim; this time we are expected to believe that the rich pay their fair share of taxes! Brian Lenihan is trying to paint the image of a “highly progressive” Irish taxation system in which those who earn most pay most. To back up his claim he said that the top 1% of earners (who earn more than €200,000) pay 20% of all income tax. But this figure is misleading and Lenihan’s description of the taxation system is miles removed from reality.