Business Irish

Saturday 25 March 2017

Workers willing to pay more tax

Charlie Weston Personal Finance Editor

MOST workers would be prepared to pay more in income tax, a surprising new poll conducted by Amárach Research has found.

They would be willing to see taxes and other deductions, rise to 29pc of their salaries.

The survey found that workers estimate 26pc of their pay goes in taxes and levies.

Higher income and other taxes are seen as inevitable in the Budget as the Government struggles to reduce borrowing.

Despite their willingness to pay a little more in taxes, almost half of employees feel their deductions are already too high.

Most feel low earners should not pay income tax. Finance Minister Brian Lenihan has talked about including more people in the net -- around half of workers pay no income tax.

And only one in 10 of those surveyed trusts the Government to spend taxpayers' money wisely.

Just one in three people think there should be a property tax.

Amárach's Gerard O'Neill said: "There is a reluctant consensus emerging among taxpayers in Ireland that they will have to pay more taxes, even though they feel they already carry a considerable burden of taxes already."

Irish Independent

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