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Budget 2022<h1/> <h2>What's in it for you?<h2/> <p>Budget 2022 was announced on 27 October 2021 and includes a number of measures designed to help individuals and businesses. Here are some of the key points:</p> <ul><li/> <li>Personal income tax rates will be reduced for most taxpayers, with the top rate of tax falling from 53% to 50%.</li> <li/> <li>The Universal Social Charge (USC) will be reduced for all earners, with the top rate falling from 8% to 7.5%.</li> <li/> <li>The Earned Income Tax Credit (EITC) will be increased for low-income earners.</li> <li/> <li>The Help-to-Buy scheme will be extended until the end of 2022.</li> <li/> <li>A new scheme will be introduced to help first-time buyers with their deposit.</li> <li/> <li>The carbon tax will be increased by €7.50 per tonne.</li> <li/> <li>A new sugar tax will be introduced on sugary drinks.</li> <li/> <li>A number of other measures have been announced, including:</li> </ul> <p> <ul><li/> <li>An increase in the minimum wage.</li> <li/> <li>A new childcare subsidy.</li> <li/> <li>An increase in funding for education and health.</li> <li/> <li>A new investment fund for climate action.</li> </ul> </p> <h2>What does it mean for you?<h2/> <p>The measures announced in Budget 2022 will have a significant impact on individuals and businesses. Here is a summary of what it means for you:</p> <ul><li/> <li>Taxpayers will pay less income tax and USC.</li> <li/> <li>Low-income earners will receive a tax credit.</li> <li/> <li>First-time buyers will have access to new schemes to help them buy a home.</li> <li/> <li>The carbon tax and sugar tax will increase.</li> <li/> <li>The minimum wage will increase.</li> <li/> <li>There will be more funding for education and health.</li> <li/> <li>Businesses will have access to a new investment fund for climate action.</li> </ul> <h2>Conclusion<h2/> <p>Budget 2022 is a significant budget that will have a major impact on individuals and businesses. The measures announced in the budget will help to reduce taxes, increase incomes, and support the economy. Additional details will be available in the coming weeks and months, so this is a good time to get informed.</p>
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