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February 13th, 2012 
FAKE NEWS for the Zionist agenda
Irish Independent
February 12, 2012
THE true scale of the tax burden on low- and middle-income earners as a result of the austerity drive is revealed in staggering new figures published today.
Estimates released by the Department of Finance showed that those who earn the least have been worst hit by tax hikes while the country’s top earners contributed marginally less.
The figures provide a detailed snapshot of how the increased tax burden caused by the economic crisis has weighed more on the less-well-off than the richest.
They showed that the “coping classes” earning anything from €17,543 to €50,000 are bearing the brunt of austerity.
The biggest burden has fallen on those earning €17,542 to €20,000, who have collectively paid three times more tax in 2011 than they did in 2010 — or a shocking 215 per cent increase.
Those earning €20,001 to €30,000 are paying 36 per cent more tax than they did in 2010 and those earning between €40,001 and €50,000 are paying 23 per cent more.
The huge tax burden was attributed to the introduction of the Universal Social Charge and on a reduction in tax credits in the Government’s bid to raise more than €1bn in extra income tax in 2011.
However, leadings tax consultants said yesterday the figures showed how the tax hikes have had a “disproportionate effect” on the lower paid while leaving the country’s highest earners largely unscathed.
Read more: Shocking injustice of austerity taxes revealed
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