John Crown (Independent) | Oireachtas source

The Minister accepted an extra 4% of it last week but I am not complaining about that. I make tonnes of money and I have a house in negative equity. The logic is to charge me more income tax. I have no problem paying more money than I would pay on the property tax in income tax because that is fair. What would happen if I owned the same house but I lost my job? I would have the same tax liability on this liability around my neck.

I want to ask the Minister a question. One of my more talented young researchers identified a possible paradox in the Bill which I would like the Minister of State to clarify for me. Section 119 states that in July 2013 one half of the tax will become payable and the second half in November. Does that mean that one and a half year's tax will be paid by next November? That is my reading of it but I may have misunderstood that. I thank the Minister of State.