Daft Property - Irish Property News

1 If €6bn seems like a huge number, it's because it is. The equivalent of more than €1,300 for every man, woman and child in the country, it works out at an average of €4,000 for each one of our 1.5 million households. 2 The Government says the Budget "adjustments" will be split 3:1 between spending cuts and tax increases, ie €4.5bn of cuts and "only" €1.5bn of tax rises. That still means that each of the 1.8 million people still working will each be paying an average of over €800 more tax in 2011. 3 For lower income earners, December 7 is likely to bring a shock. After the Budget, most if not all workers will be paying income tax. For someone on the minimum wage even a 10pc tax rate could cost them up to €1,800 a year. 4 Middle income earners are also going to find themselves squeezed. The Government is likely to hike all of the tax rates. 5 Homeowners are going to remember December 7 for decades to come as the Government finally imposes a property tax and wate