Cliff Taylor

speaker

1,379 appearances 10 recordings 2 series first heard Apr 2026 last heard 2 Sep

Cliff Taylor’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 10 in all, peaking in Jun 2026 with 3.

Appearances

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Inside Business with Ciaran Hancock · Are middle earners getting gouged by the tax system here? · 5 Aug 2026 podcast

Now it's big.

Now, you know, people are, the average wage increase is three to 4%, maybe 4% estimated next year.

So if people get a wage increase to match inflation and the tax system isn't adjusted, they're going to notice.

And I think they've probably noticed this year.

And that is why this is built up as a pre-budget issue and why something has to happen.

But I think the government has talked it up so much that there's a risk of, you know, a bit of disappointment among the populace, if you like, at what they receive.

Because, okay, you know, they're going to see a bit more of their wage increase, but are they going to see a massive hike in their take-home pay?

No, they're not.

You know, we're not back to the Charlie McCreevy days of...

Slashing tax rates, you know, when the actual rates were cut year after year and, you know, people really noticed the difference.

Now that, you might add, didn't end up very well, but there it is.

You know, while we're not in kind of the exposed situation in terms of property taxes that we were before,

Economists do point to the tax base and how narrow that is.

And there's a lot of talk about corporate tax.

But also in terms of income tax, I wrote the figures on my hand here, the top 1% of earners who earn over 300,000 roughly pay 22% of all income tax.

Well, the vast bulk, I think, are either working for them or they're working for professional service companies who rely to a large extent on services to them.

So it is an error base of the top 10% who earn over, I think it's 105,000, pay 62%.

Maybe we are, you know.

One thing I do wonder about when the Fiscal Council and Central Bank and the Department of Finance itself comes out every year and they come out with their public finance forecasts and they have, you know, the exchequer surplus, which is the surplus of...

tax overspending or revenue overspending, most of which is tax.

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