* Total tax revenue including social contributions, were almost €116 billion in 2023. This was an increase of 50% since 2020 and these receipts made up almost 95% of all general government revenue.
* In 2023, more than half (51%) of taxes came from direct taxes. This included income tax amounting to €33 billion and corporation tax of almost €24 billion.
* Corporation tax revenues have more than doubled in the four years since 2019.
* Taxes on products accounted for 26% of total tax revenue, including VAT at €20 billion and excise duties at €7 billion.
* VAT increased by 6% in 2023 compared with 2022.
* PRSI receipts were €15 billion in 2023, up 9% on 2022.
That’s a lot of dough, be nice if we could use it to create adequate public services and infrastructure.
Tarahumara3x on
Can somebody explain why income tax is twice as high compared to Corporation tax? Does it mean that people are basically paying 50% more tax than corporations or what am I missing
badger-biscuits on
Congrats everyone on the pay increases
seeilaah on
Always happy to pay half my salary in taxes so poor Apple and Amazon can save their pennies
UnicornMilkyy on
Don’t expect anything back from it
Sad-Fee-9222 on
The sheep get sheered a little deeper each year…over taxing the poor for lessening service delivery.
thats_pure_cat_hai on
Placement of this post is apt, right above it, house prices have risen 10% higher. Again. You’d almost think with all of this money they’d be able to, you know, maybe try and tackle that. But I guess if fuck has been done in 15 years, why bother try now? A new water raft facility sounds like a better use of funds.
MyChemicalBarndance on
USE THAT MONEY TO BUILD TRAMS IN GALWAY AND CORK AND GET THE FUCKING METRO IN DUBLIN DONE.
nednewt1 on
like a mule with a spinning wheel
user90857 on
Currency is a old way of representing collected taxes. How many bike sheds and children hospitals are they worth? Thats what I want to know.
Against_All_Advice on
Damn there’s just no way the country could ever afford 5 billion for a nuclear power plant yeah. Totally get that argument. Welp, I guess I’ll just go look at the falling wholesale prices for electrici… Oh. Shit.
Hour_Mastodon_9404 on
Remember a little over a year ago when a certain opposition party were soaring in the polls and promising to spend big on infrastructure, FF/FG started to put out public warnings that our tax takes were simply “windfalls” and were likely to drop off rapidly?
Quelle surprise, that talk quickly evaporated in election year, as the government decided to pack their budget with freebies for everyone. Evidently the “windfalls” aren’t as windy as first thought.
xCreampye69x on
BETTER ROADS PLEASE!!!! IM BEGGING YOU
Since97_- on
Taxes that are allegedly for a “better future” I wonder who’s?
15 Comments
**Key Findings**
* Total tax revenue including social contributions, were almost €116 billion in 2023. This was an increase of 50% since 2020 and these receipts made up almost 95% of all general government revenue.
* In 2023, more than half (51%) of taxes came from direct taxes. This included income tax amounting to €33 billion and corporation tax of almost €24 billion.
* Corporation tax revenues have more than doubled in the four years since 2019.
* Taxes on products accounted for 26% of total tax revenue, including VAT at €20 billion and excise duties at €7 billion.
* VAT increased by 6% in 2023 compared with 2022.
* PRSI receipts were €15 billion in 2023, up 9% on 2022.
https://www.cso.ie/en/releasesandpublications/ep/p-itxs/irelandstaxstatistics2023/keyfindings/
That’s a lot of dough, be nice if we could use it to create adequate public services and infrastructure.
Can somebody explain why income tax is twice as high compared to Corporation tax? Does it mean that people are basically paying 50% more tax than corporations or what am I missing
Congrats everyone on the pay increases
Always happy to pay half my salary in taxes so poor Apple and Amazon can save their pennies
Don’t expect anything back from it
The sheep get sheered a little deeper each year…over taxing the poor for lessening service delivery.
Placement of this post is apt, right above it, house prices have risen 10% higher. Again. You’d almost think with all of this money they’d be able to, you know, maybe try and tackle that. But I guess if fuck has been done in 15 years, why bother try now? A new water raft facility sounds like a better use of funds.
USE THAT MONEY TO BUILD TRAMS IN GALWAY AND CORK AND GET THE FUCKING METRO IN DUBLIN DONE.
like a mule with a spinning wheel
Currency is a old way of representing collected taxes. How many bike sheds and children hospitals are they worth? Thats what I want to know.
Damn there’s just no way the country could ever afford 5 billion for a nuclear power plant yeah. Totally get that argument. Welp, I guess I’ll just go look at the falling wholesale prices for electrici… Oh. Shit.
Remember a little over a year ago when a certain opposition party were soaring in the polls and promising to spend big on infrastructure, FF/FG started to put out public warnings that our tax takes were simply “windfalls” and were likely to drop off rapidly?
Quelle surprise, that talk quickly evaporated in election year, as the government decided to pack their budget with freebies for everyone. Evidently the “windfalls” aren’t as windy as first thought.
BETTER ROADS PLEASE!!!! IM BEGGING YOU
Taxes that are allegedly for a “better future” I wonder who’s?