Budget 2015 Economics: How the state ham mers the self-employed

The tax system routinely charges more tax on self-employed people, like the USC, which they pay at a rate of 11 per cent to employees’ 8 per cent.

19th October, 2014
Budget-speak: relief for some, but not the self-employed/

It is perverse. Despite claims to the contrary, the package of tax cuts last Tuesday was oriented towards income earners in the middle range. Tax cuts don’t help much if you’re not paying much tax to start with. People at the average wage and a bit above were the real winners. Higher earners did not do quite as well. The minister re-engineered the universal social charge (USC) as a tax primarily aimed at the higher...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 6 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 6 years ago