Income Tax: they promote a project so that workers who earn up to $ 150,000 stop paying

Ismael Bermúdez

02/08/2021 12:34 AM

• Clarín.com

• Economy

Updated 02/08/2021 12:36 AM

On Friday at the last minute, a bill was entered in the Chamber of Deputies that establishes that workers in a dependency relationship, both in the public and private

sectors

,

will not pay Income tax if they earn less than $ 150,000 per month gross

, before of retirement and health discounts and without considering the bonus.

This new "floor"

will be updated annually.

Neither will

retirees and pensioners who collect up to eight minimum salaries, which today are $ 152,280

,

will pay Earnings

, a value that is adjusted every three months for mobility.

The author of the project is the president of the Chamber of Deputies, Sergio Massa.

If approved, from its sanction (it is not retroactive to last January), "due to the application of this new 'floor' 

, 1,267,000

workers, retired and retired workers,

would stop paying the tax

", quantifies the project.

And in addition,

102,741 people

with gross salaries

between $ 150,000 and $ 173,000 will pay less than at present

to avoid sudden “jumps” in the tax scale.

For its part,

733,000 salaried employees and retirees who earn above $ 173,000 per month

will continue to pay Earnings

unchanged,

"returning to the historical percentage that only 10% of those with higher income pay Earnings," says the text.

In 2020, 2.3 million people paid Earnings, equivalent to 25% of dependent workers.

Advisers to the head of the Chamber of Deputies assure that Massa personally anticipated the project to all sectors of the government coalition.

And that in a meeting with union members he informed them that he was working as a team with the Executive, Economy and AFIP.

"There may be some detailed questions, but with the substance of the project" we are all in agreement, "said those sources before a

Clarín

query

.

Meanwhile, Massa's advisers announced that a

similar scheme

is being studied

for the self-employed and young professionals

, which currently comprises half a million people, and who have a lower non-taxable minimum and pay proportionally more than the rest of the the so-called "fourth category".

This new Earnings “floor” is significant because throughout 2021, single dependent employees without minor children pay Income Tax

from a net monthly salary of $ 74,810,

while those married with two minor children pay it at

starting at $ 98,963 net,

after retirement and health discounts.

These values ​​remain unchanged throughout the year, so with each increase in wages, more workers are reached by Earnings or start to pay more, although in real terms the wage increase is lower than inflation.

Meanwhile, retirees and pensioners are discounting Earnings

if they collect more than 6 minimum salaries (today $ 114,210)

, a value that is adjusted in March, June, September and December.

Consequently, if this project is approved, the current Earnings discount that goes to the AFIP would be received - in different magnitudes - by those dependent workers, retirees and pensioners.

For example, a single worker without children who earns $ 90,000 net (about $ 108,500 gross), this year the monthly discount of Earnings is around $ 1,500 per month.

The withholding exceeds $ 5,500 if you earn $ 110,000 net, it amounts to $ 11,000 if you earn $ 130,000 and the discount is $ 17,000 with $ 150,000 of net compensation. 

In those married with 2 minor children, with a net salary of $ 110,000 (about $ 132,500 gross), the Earnings discount is almost $ 1,000 per month.

Withholding goes up to $ 5,000 for out-of-pocket wages of $ 130,000 and $ 10,000 per month if net compensation is $ 150,000.

By districts, they

will stop paying the tax

,

“In the Province of Buenos Aires 569,000 employees, retired and retired,

in Córdoba 103,000, in Santa Fe 98,000, in the City of Buenos Aires 158,000 and in Tucumán 30,000 among other provinces ”, says the project.

With this project, the current non-taxable minimum and other deductions with the scales and aliquots are not modified, but they apply only to those who exceed $ 173,000 in salary or have retirement.

The project

estimates at $ 40,000 million "the fiscal effort

in the year that is going to be allocated to the" pocket "of the worker, retired and retired.

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