Families on €100 000 are “struggling”

first_imgLimerick Senator has beef with meat industry RELATED ARTICLESMORE FROM AUTHOR Print Local backlash over Aer Lingus threat Facebook TAGSMinister for Finance Michael NoonanpoliticsRichard Boyd BarrettWealth taxWillie O’Dea TD Enterprise Support Grant should include older self-employed people WhatsApp FINANCE Minister Michael Noonan has ruled out the introduction of a wealth tax, claiming that families with an income of more than €100,000 a year are struggling to make ends meet.Responding to People Before Profit TD Richard Boyd Barrett’s calls to introduce a wealth tax on incomes over €100,000, the Limerick Minister said households with such an income were not wealthy.Sign up for the weekly Limerick Post newsletter Sign Up Speaking in the Dáil last week Minister Noonan added: “They’re barely getting the kids up in the morning and out to school, paying the bills, paying the mortgage, and keeping the car on the road. And if you think a gross income for a couple at €100,000 is wealth, you’re not meeting the real people.”However, Limerick Fianna Fáil TD Willie O’Dea noted that families earning €100,000 a year are “a hell of a lot more wealthy than families with an income of €20,000, who the Government has hit repeatedly”.He told Limerick Post: “If you take a young person aged 25 or 26, before the payments were cut their total income was about €9,500 a year, now, depending on their age category it’s gone underneath that.“Let’s face it, everything is relative, but people on over €100,000 have suffered a lot less under this Government than people earning a lot less. All independent commentators have said that our budgets are regressive and that they are taking more from the poor than from the wealthy.” Advertisementcenter_img Linkedin Previous articleWriters on the lookout for Limerick’s oldest ladyNext articleUL working to develop safer structures John Keoghhttp://www.limerickpost.ie Twitter Email NewsFamilies on €100 000 are “struggling”By John Keogh – July 11, 2014 836 Jenny Blake | #WeAreLimerick episode 46 Restart Grant Plus will help more Limerick businesses to reopen Rape Crisis welcomes publication of O’Malley reportlast_img

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