JP McManus - Christmas comes early

[Dinny Breen]

As always it's very to live by your moral, values and ethics than it is to write about them.

JP is an interesting one, well know for avoiding direct tax but does he do enough indirectly, his foundation has supported close to €40m in community projects around Limerick.

He has over 100 horses in training in Ireland, the average training fee is €15000 per year. Another €15m that goes towards the economy indirectly per year, that doesn't include winnings of which a percentage goes to trainer, jockey and yard staff. He spends millions buying and selling horses, helping to pay and support the industry around that also.

His contributions to Limerick GAA, Munster Rugby and other sports around Limerick run into the millions.

I am sure there is other philanthropy going on in the backgorund oblivious to us all.

He's very much a global business man who makes his money on the global market, the US and the UK are probably much more entitled to those taxes than Ireland. He just epitomises the good and the bad about capitalism but to me he still has a sense of responsibility to his community.

Sure that's straight of the 1920s robber barons' handbook.

The "libertarian" "tax is theft" nonsense, that essential services should be at the mercy of the charity of the rich rather than be funded by a proper redistributive tax system.

I would have hoped that people had moved beyond this simplistic nonsense. It's the kind of thing you expect to hear from anti-"gub'mint" nut jobs in the US.

He doesn't make his money in Ireland, so why the f**k should we be entitled to his taxes. Typical socialist bolloxology, as long as they have more money than me they should pay more taxes no wonder socialism as an ideology doesn't work. 

[five points]

Sure that's straight of the 1920s robber barons' handbook.

The "libertarian" "tax is theft" nonsense, that essential services should be at the mercy of the charity of the rich rather than be funded by a proper redistributive tax system.

I would have hoped that people had moved beyond this simplistic nonsense. It's the kind of thing you expect to hear from anti-"gub'mint" nut jobs in the US.

He  doesn't run his business from here and he's not tax-resident here. Should every emigrant be screwed by the Irish Revenue just because they'd the balls to succeed abroad?

Well the good ole IRS want US citizens to file tax returns with them annually no matter where they live and if its over a certain amount will take a cut even after you have paid tax to the local gang wherever you live.

The likes of McManus pay damn all tax in the US. And the US has double tax treaties with almost all civilised countries, meaning that the same income is never taxed twice.

[sid waddell]

As always it's very to live by your moral, values and ethics than it is to write about them.

JP is an interesting one, well know for avoiding direct tax but does he do enough indirectly, his foundation has supported close to €40m in community projects around Limerick.

He has over 100 horses in training in Ireland, the average training fee is €15000 per year. Another €15m that goes towards the economy indirectly per year, that doesn't include winnings of which a percentage goes to trainer, jockey and yard staff. He spends millions buying and selling horses, helping to pay and support the industry around that also.

His contributions to Limerick GAA, Munster Rugby and other sports around Limerick run into the millions.

I am sure there is other philanthropy going on in the backgorund oblivious to us all.

He's very much a global business man who makes his money on the global market, the US and the UK are probably much more entitled to those taxes than Ireland. He just epitomises the good and the bad about capitalism but to me he still has a sense of responsibility to his community.

Sure that's straight of the 1920s robber barons' handbook.

The "libertarian" "tax is theft" nonsense, that essential services should be at the mercy of the charity of the rich rather than be funded by a proper redistributive tax system.

I would have hoped that people had moved beyond this simplistic nonsense. It's the kind of thing you expect to hear from anti-"gub'mint" nut jobs in the US.

He doesn't make his money in Ireland, so why the f**k should we be entitled to his taxes. Typical socialist bolloxology, as long as they have more money than me they should pay more taxes no wonder socialism as an ideology doesn't work.

If you think the wealthy shouldn't pay more taxes than the poor, your view is a very fringe, extremist, dangerous and plainly ludicrous one.

[five points]

If you think the wealthy shouldn't pay more taxes than the poor, your view is a very fringe, extremist, dangerous and plainly ludicrous one.

The poor pay no tax here, as do a decent percentage of the comfortable, including OAPs.

[sid waddell]

If you think the wealthy shouldn't pay more taxes than the poor, your view is a very fringe, extremist, dangerous and plainly ludicrous one.

The poor pay no tax here, as do a decent percentage of the comfortable, including OAPs.

Incorrect. Everybody pays tax, well, apart from the likes McManus, obviously.

[five points]

If you think the wealthy shouldn't pay more taxes than the poor, your view is a very fringe, extremist, dangerous and plainly ludicrous one.

The poor pay no tax here, as do a decent percentage of the comfortable, including OAPs.

Incorrect. Everybody pays tax, well, apart from the likes McManus, obviously.

How do you work that out??? Don't start with "the poor pay VAT" because so does McManus whenever he's here.

[Rossfan]

Paddy loves slobbering over the wealthy even though he's paying through the nose to make up for what the wealthy don't pay.
For all the giving out about him Michael O'Leary still lives here officially even though he makes an awful lot ofor his money abroad.
Anyway he didn't have to give this money so let's all take it.
Mind you it won't do a lot for Cork's 259 Clubs.

[sid waddell]

If you think the wealthy shouldn't pay more taxes than the poor, your view is a very fringe, extremist, dangerous and plainly ludicrous one.

The poor pay no tax here, as do a decent percentage of the comfortable, including OAPs.

Incorrect. Everybody pays tax, well, apart from the likes McManus, obviously.

How do you work that out??? Don't start with "the poor pay VAT" because so does McManus whenever he's here.

Oh, well done Mr. McManus, paying a tiny bit of VAT while he's here. What a hero.

Yes, the poor do pay VAT and it affects them a hell of a lot more than it affects Mr. McManus.

As of 2015, the bottom 10% of people pay 29% of their incomes in tax, the top 10% pay 28%.

Leona Helmsley once said that only the little people pay taxes. Mr. McManus presumably is of the same view. Some of those same little people are some of his biggest supporters, blissfully unaware that he's playing them for fools.

[five points]

Yes, the poor do pay VAT and it affects them a hell of a lot more than it affects Mr. McManus.

As of 2015, the bottom 10% of people pay 29% of their incomes in tax, the top 10% pay 28%.

Leona Helmsley once said that only the little people pay taxes. Mr. McManus presumably is of the same view. Some of those same little people are some of his biggest supporters, blissfully unaware that he's playing them for fools.

Have you a credible source for that claim or did it come from some taxpayer- or Soros-funded left wing lobby group?  I suspect the latter. Do prove me wrong.

[Rossfan]

What is it with Right wing extremists and their naked hatred of Mr. Soros?

[Bord na Mona man]

If someone from Switzerland wants to give GAA clubs a windfall like this, then it should be welcomed.

[sid waddell]

Yes, the poor do pay VAT and it affects them a hell of a lot more than it affects Mr. McManus.

As of 2015, the bottom 10% of people pay 29% of their incomes in tax, the top 10% pay 28%.

Leona Helmsley once said that only the little people pay taxes. Mr. McManus presumably is of the same view. Some of those same little people are some of his biggest supporters, blissfully unaware that he's playing them for fools.

Have you a credible source for that claim or did it come from some taxpayer- or Soros-funded left wing lobby group?  I suspect the latter. Do prove me wrong.

https://www.irishtimes.com/opinion/fintan-o-toole-the-myth-of-ireland-s-progressive-tax-system-1.2370113

[sid waddell]

What is it with Right wing extremists and their naked hatred of Mr. Soros?

Pretty much always anti-semitism.

[five points]

What is it with Right wing extremists and their naked hatred of Mr. Soros?

Pretty much always anti-semitism.

  Yep the people who criticise the unrepentant ex-Nazi tycoon who bankrolls anti-Israeli pressure groups like Amnesty International are are only doing so because they're anti-Semites?

You're a funny guy Sid.

And a Tintin O'Fool article doesn't count as a credible source. Go on now, do your homework.

[Rossfan]

https://www.cso.ie/px/pxeirestat/Statire/SelectVarVal/saveselections.asp

From 2012.
The Israel lobby alive and well I see.