Irish Taxi Forum
Public Area => Taxi Talk => Topic started by: silverbullet on April 28, 2020, 02:15:29 pm
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https://youtu.be/D5GDPCUUBEE
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There is some mystery to all of this numbers just dont add up in some cases .Lets go with this as an idea .Paddy in Ireland. Gunter in Germany Cletus in the USA all earn 100 a week they are spending 30 a week on imported goods Plastic shite from China Oil from Arabia and the balance of payments favour China and Arabia this is repeated World wide meaning China and Arabia have Dunne Stores bags full of foreign currency like drug dealers they need somewhere to invest their coin so are buying up industries Banks Land ,Companies all over the World soon they will own enough of the world to control it .Bit like heard immunity if enough of us get the virus we will be protected from it .If China or Arabia own enough of the World they can control it .You see how it works with our Low Life Tax Robbing Scumb Sucking Government doing the bidding of the Americans to facilitate Tax Evaision in the guise of Avoidance .
Now look at it from a different angle .The Virus breaks out in Chinatown its not that serious China had it under control like they said they did BUT The World Government ie Wall.Street Banks the Money men see an opportunity to bring down China and Arabia .Oil prices have collapsed Arabia is now spending its savings Sovreign wealth to keep the country going as they are not covering costs from oil sales .Made In China now carries a toxic label and China will need to use up its Sovreign wealth to keep the Lights on in Peking so less money to invest in other countries or economies .Have the World Order just taken the opportunity to protect the World Order by fabricating this opportunity to bring China and Arabia in line .How long before China and Arabia have to sell their Sovreign Wealth holdings in USA government debt for cents on the dollar or sell of all their share holdings in the Stock Markets that will be bought up at discounted prices to offset losses from the virus by the Big banks .End game Bankers who are loaning money to governments get cheap stocks and bonds China and Arabia get put back in their box .In the New old World order we all go Green dont need Arabian oil or cheap plastic shite from China anymore.
To explain how it works imagine you go to the amusements in Bray get a 5er in change run it through the Slot machine you get back about 4.20 of your 5er back run it through again you get 3.60 of your 4.20 back but in the end the machine gets all your money .Some will get a jackpot like Arms dealers or Beef Barons but in the end the man who owns the slots owns all your money .
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As long as Leo is giving us the €350 reacharound sure is'nt it all grand ?
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it's all a loada bollocks.
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As long as Leo is giving us the €350 reacharound sure is'nt it all grand ?
No such thing as a free lunch (I keep telling you), payback time will be in the future
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But it's NOT free money as everyone keeps saying, it's OUR money. That's what we pay our taxes for, so when we need to avail of it we get it. ITS OUR MONEY
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But it's NOT free money as everyone keeps saying, it's OUR money. That's what we pay our taxes for, so when we need to avail of it we get it. ITS OUR MONEY
It might be our money but :
"Taxation of COVID-19 Pandemic Unemployment Payment
Revenue has indicated that it will treat the COVID-19 Pandemic Unemployment Payment as taxable income. Depending on a person’s overall income during a year, the COVID-19 Pandemic Unemployment Payment may affect a person’s overall tax liability for the year."
Link:
https://www.citizensinformation.ie/en/social_welfare/social_welfare_payments/unemployed_people/covid19_pandemic_unemployment_payment.html (https://www.citizensinformation.ie/en/social_welfare/social_welfare_payments/unemployed_people/covid19_pandemic_unemployment_payment.html)
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Won't effect mine to much , I don't earn much more then that anyway
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Won't effect mine to much , I don't earn much more then that anyway
I understand DM but I recon they will treat this payment a a completely separate issue regardless of what you "earn/don't earn/write off" and will come a knockn for their tax, this is just my opinion , no link.
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Yes but to off set, even if they do look for tax on the 350,if your not earning other income, it should Ballance out
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I pity the drivers who tell anyone who'll listen that they make 1000 - 1500 a week, and will now have to answer to Revenue Special inquiries.
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I pity the drivers who tell anyone who'll listen that they make 1000 - 1500 a week, and will now have to answer to Revenue Special inquiries.
+350?.... lol
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I pity the drivers who tell anyone who'll listen that they make 1000 - 1500 a week, and will now have to answer to Revenue Special inquiries.
+350?.... lol
And 7 nights a week on a barstool.
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I pity the drivers who tell anyone who'll listen that they make 1000 - 1500 a week, and will now have to answer to Revenue Special inquiries.
+350?.... lol
And 7 nights a week on a barstool.
Preaching to anyone who'll listen!
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I understand DM but I recon they will treat this payment a a completely separate issue regardless of what you "earn/don't earn/write off" and will come a knockn for their tax, this is just my opinion , no link.
They won't. It's taxable income, end of.
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But what I'm saying is, say you earn an avarage of 750 euro a week. Now your not working, so now your earning nothing.. then the govt give you 350 a week, well the tax you pay on that , will be less then half of what you normally pay
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Depends on your year end. Welfare will be taxed in 2020 regardless.
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Yes I know that, but your welfare earnings are not going to be as high as your work earnings, so we should be paying less in respect of the year you mention
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Not necessarily. If, for example, your year end is 24th February your tax bill for 2020 will include your profit for the year ended 24th February 2020 and any social welfare received in the calendar year. In that case, all other things being equal, your tax bill for 2020 will be significantly increased.
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I thought all financial years begin on Jan 1st,and end on dec31 at ?
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No, you can draw your accounts up to any date of your choosing. However, by convention accounts are generally drawn up to the last day of a month so the example above (24th Feb) would be unusual though not impossible. In general, now that the tax year runs to Dec 31st the most efficient date would be Jan 31st (observing the aforementioned convention), previously April 30th was by far the most common year end date as the tax year ran to 5th April.
You can also change your accounting date to maximise taxation efficiency. That's something that a lot of men may want to consider now that we know COVID '19 welfare is taxable.
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Glad I know fukk all about such matters. All I do is keep receipts, and a chosen day , usually around Aug/ Sept I ring my accountant and arrange to bring my stuff up to him , he does the bizzo, and calls me when he's done about a week later
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You could be in for a nasty shock for 2020 with all that dole.
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Can't see how. If my file money is less then I would be getting for working, then I faul to see how I could pay more tax. Even if I do, I don't give a fukk, caus money is not my God
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As above, it depends on your year end. If you don't know when that is you don't know what to expect.