Ismael Bermúdez
12/11/2020 7:58 PM
Clarín.com
Economy
Updated 12/11/2020 7:58 PM
Starting in January, single dependent workers without children will begin to pay income tax
if they earn more than $ 74,810 net per month,
after the retirement and health discounts.
And those
married with a spouse and 2 minor children
if they exceed
$ 98,963.
It represents an increase of 35.37% in relation to the values of this year.
The data arise from the evolution of the Average Taxable Remuneration of Stable Workers (RIPTE) index, which is the one established by law No. 27,346 to
update the Minimum Non-Taxable
(MNI) of Earnings and other deductions, such as for minor children up to 18 years or disabled, paid by both dependent workers and the self-employed.
The Monotax is adjusted by other parameters.
To adjust the Earnings values, the RIPTE for October of each year is taken and the variation is applied to the fiscal period of the following year.
It is estimated that in 2020
nearly two million wage earners
were affected by the Income tax.
With this adjustment, the number of taxpayers will decrease, but it will rise as the expected salary improvements occur to try to compensate for the inflation that will be registered throughout 2021.
Thus, for single employees without minor children, the NMI rises from $ 55,261 net to $ 74,810, including the proportional bonus.
And for those married with two children it rises to $ 73,102 net to $ 98,963, with the proportional bonus.
In the case of the
self-employed
, the MNI will be
$ 41,919 for singles and $ 68,085 for those married
with a spouse and 2 children.
Meanwhile, the MNI for retirees and pensioners is equivalent to
6 minimum assets
(since December $ 19,035.30 x 6 = $ 114,211.80) and is adjusted every three months.
With these values, according to the calculations of the taxpayer
César Litvin
, for workers in a dependency relationship, the table would be the following:
Singles
+ Net salary of $ 75,000 will retain you $ 10.27 per month or $ 123.26 in the year.
+ $ 95,000 will deduct $ 2,259 per month or $ 27,108 in the year.
+ $ 100,000 will pay $ 3,302 per month or $ 39,632 in the year
+ $ 150,000 will retain you $ 17,776 per month or $ 213,314 in the year.
That is, the equivalent of a salary and a half.
Married with 2 children
Since the MNI is higher, up to almost $ 100,000, you will have no withholding.
For a net salary of $ 150,000, they will deduct $ 10,034 per month or $ 120,414.48 annually.
Thus,
as the net salary rises, the aliquots also increase
and the retention of Earnings increases more than proportionally.
In turn, as these values are maintained throughout 2021, whether or not it represents an improvement in workers' income
will depend on the evolution of inflation.
This year the non-taxable minimum was adjusted in January by 44.27%, below the 53.8% inflation of 2019. Thus, with wages in real terms lower - they fell 15% in the last 3 years - the weight of Gains on workers' salaries was higher.
Consequently, Earnings from lower real income began to be taxed.
Said in a more direct and simple way: there is the absurdity of paying or paying more for income tax, not because of having higher real income but lower.
In addition, this happens because the non-taxable minimum is updated once a year, while the RIPTE is an average salary index prepared by Social Security that, in recent years, has evolved below inflation.
By 2021, if inflation rises again and exceeds that reported this year, as forecast by private consultants, real wages could fall and workers will still have a higher Withholding for Earnings.
That is why Litvin clarifies that “these new Non-Taxable Minimum amounts are for all of 2021 and to the extent that workers have some salary recomposition,
some who are now outside the tax will begin to pay and those who are already paying will pay more
.
That is why it is essential to set the automatic update semi-annually and by IPC instead of the RIPTE ”.
Litvin also states that "it is essential to equate the self-employed with the salaried workers because they are also workers and have a lower non-taxable minimum."
Look also
Secret negotiations with the IMF to define the future of the dollar
The City Budget was approved with more adjustments and taxes on the banks for the reduction in the co-participation
