Posted by Scott on October 8, 2009, 1:59 am, in reply to "Re: cost of living"
173.84.211.145
You can read all the Irish tax exemptions and credits at the Revenue site: http://www.revenue.ie/en/tax/it/leaflets/it1.html
Basically, they boil down to medical, garbage disposal costs and then age related or single parent exemptions. Most connected with owning houses are being ended.
The Word out there is that the asian and oil countries are planning to switch from dollar denominated transactions to a global basket of currencies and gold. This will lessen demand for dollars.
If this does indeed go through, the dollar is going down. You can't go through 8 years of total misrule and 30 years of proven-wrong economics without paying some price.
Be that as it may, in the long run I'm still betting on the US IFFFF it acknowledges reality and deals with it. Principally, this means climate change and then after that population growth. Everything else is passing fancy - wars, health coverage, terrorism, and all the other issues of the day.
If the US continues to ignore scientific reality, then we're all going down. And all this dollar-euro-remimbi business means diddly.
We'll see.
In the meantime, while civilization hangs in the balance, Ireland is at base a decent place to be. If you can afford it. Go back to the beginning of this little essay.
Scott
--Previous Message--
: Scott, you are supporting what I have said.
: The unknown variable is what deductions do
: the Irish tax laws allow. In the USA, we
: are aware of what is deductable. Ireland is
: unknown. It would be great if we could have
: a program that could show taxes in different
: countries. I doubt that will happen while I
: am filing.
:
: Worst of all, to put it politely, I am
: intercoursed by the dollar to euro! And
: suspect it will only get worse.
: Steve
:
: Scott, your site is helpful.
: --Previous Message--
: US citizens still owe taxes in the US, no
: matter where they're living. However, there
: is a very generous allowance of about 85,000
: dollars per person. While you have to file,
: you only pay on earnings above this amount.
:
: Ireland taxes your income as well and if
: that is social security income, well you
: still owe it to the Irish tax man.
: Currently, earnings above 8,000 or so are
: taxable.
:
: There is a double taxation agreement with
: the US so that any taxes you pay to the
: irish revenue commissioners is deducted from
: any bill you owe the IRS.
:
: Lots more in the full site, money section,
: taxes page.
:
: SCott
:
: --Previous Message--
: From what I understand reading the
: information, USA SS is taxed in Ireland.
: One must file if income is over 8000 Euro.
: Please correct me if I am wrong.
:
: --Previous Message--
:
:
: --Previous Message--
: What is the income necessary for a retired
: couple to live on moving to Co. Donegal
: area, from the states? How much in Euro? I
: know the dollar is sliding, and social
: security is taxable income in Ireland. I
: have alrady calculated that a rental home
: would be 700 Euro a month. I realize there
: are variable depending upon vices, (are pets
: a vice). Any input would be appreciated. I
: am not asking for the cost of moving, but
: rather the everyday expectations. Thank
: You.
:
: Let me back up a bit. Social Security is
: taxable in Ireland? Do you mean it is
: taxable if total income is above a certain
: level? Or do you mean it is taxable
: regardless of total income? Please explain.
: Thanks.
:
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