Personal Taxes

New earnings tax and IRAP cuts. Here is who earns how a lot – economic system

The final problem to be solved is the bills. Incidentally, the first module of the tax reform has been completed. We should feel the first impact in March on salaries, as the technical time required to update the software of the revenue agency. On the other hand, at least the first paycheck gets harder because it contains the balance for the first two months. Here are the most important news in detail. Solidarity contribution, divided government: Draghi’s proposal is skipped. Invoices, Nomisma: “Without state intervention gas + 50% and electricity + 17%” 23% to 15,000 euros, 25% from 15,001 to 28,000 euros, 35% from …

The last knot to be untied is that of bills. Incidentally, the first module is the Tax reform Has been completed. We should feel the first impact in March on salaries, as the technical time required to update the software of the revenue agency. On the other hand, at least the first paycheck gets harder because it contains the balance for the first two months. Here are the most important news in detail.

Solidarity contribution, divided government: Draghi’s proposal is skipped

Bills, Nomisma: “Without state intervention, gas + 50% and electricity + 17%”

The new income tax

There will be 4 brackets compared to the current 5th The income tax it is 23% up to 15 thousand euros, 25% from 15,001 to 28 thousand euros, 35% from 28,001 to 50 thousand and 43% above this threshold. Therefore, the intermediate rate of 41% for incomes between 50,000 and 75,000 euros is no longer applicable, while the current rates of 27 and 38% are reduced by 2 and 3 points respectively. And the tax-free area (ie where the tax is zero) rises to 8,000 euros (5,500 for pensioners). In total, the first module of the reform in 2022 will be around 4.8 billion. The 2.2 billion saved will be used next year for the one-time deduction of 1.5 billion and enable the replenishment of the dowry that is intended to cover the high Mitigate electricity and gas bills.

Here is who deserves it

In detail is that savings 61 euros for incomes up to 15 thousand euros, 150 euros for those between 15 thousand and 28 thousand, 417 euros for those between 28 thousand and 50 thousand, 692 for those between 50 thousand and 55 thousand, 468 for those between 55 thousand and 75 thousand and from 247 euros for those over 75 thousand euros. A total of 85% of the service should go to those who are under 50,000 euros.

The prints

The new tax refund curve also includes Renzi’s former bonus that the government had increased Conte 2 from 80 to 100 euros. It won’t go away entirely, but it will remain for incomes up to 15 thousand euros that would otherwise be exempt from the benefits of the new income tax curve.

Child benefit

The commissioning of theSingle-family checkwhich provides for admission with a corresponding reduction in the deductions for dependent children in addition to the allowances for the family unit.

The control wedge

Expected one-time cut of social security contributions up to 35 thousand euros with a total expenditure of 1.5 billion euros. Around 20 million workers will be involved in the intervention and costs will be reduced by 0.5%. A third of the contributions paid by employees are no longer 8.9% but 8.4%. For employees, the benefit could be up to 235 euros per year. With a gross salary of 20,000 euros, the benefit should stop at just over 100 euros.

The IRAP

It will be deleted for Sales tax identification number and self-employed. The cost is around 1.3 billion. But even in this case, another 300 million must be identified, which are currently missing in the call.

The billing node

For the time being everything stopped. There was no majority agreement for any type of Solidarity contribution the lowering of the income tax rate would have no effect on incomes over 75 thousand euros. In the end, the allocations for the expensive change increase by a total of around 800 million: The funds for around 500 million come from the “treasure chest”, fueled by the lower costs for 2022 of the Irpef and Irap reform and for around 300 million from other funds that are found in the annual financial statements and are not used in full. So in total there will be an intervention of 2.8 billion for the first quarter of next year.

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