Ismael Bermúdez
02/08/2021 12:52
Clarín.com
Economy
Updated 02/08/2021 12:52 PM
The president of the Chamber of Deputies, Sergio Massa, presented a bill that seeks to free 1.2 million workers from paying Earnings.
These are the nine keys to the initiative that would have the support of the ruling party for the October elections.
1. What does the project say?
Workers in a dependency relationship, both public and private, will not pay income tax if they earn
less than $ 150,000 per month gross
, before the retirement and health discounts and without considering the bonus.
This new "floor" will be updated annually.
2. Does it include retirees and pensioners?
Yes. It establishes that retirees and pensioners who receive
up to 8 minimum salaries
that today are $ 152,280
will not pay earnings
, a value that is adjusted every three months for mobility.
3. How many people does it cover?
If approved, as of its sanction, for the application of this new "floor",
1,267,000
workers, retirees and retirees
would stop paying the tax
.
And in a complementary way, 102,741 workers and retirees with gross salaries between $ 150,000 and $ 173,000 will pay less to avoid sudden “jumps” in the tax scale.
4. What about those who earn more than $ 173,000 in gross compensation?
They will continue to pay Earnings unchanged.
There are 733,000 employees and retirees who earn over $ 173,000 per month.
5. How many people pay Profits?
In 2020, they paid Earnings 2.3 million equivalent to
25% of the dependent workers.
6. And the self-employed?
Sergio 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 which have a lower non-taxable minimum.
7. How is the Income Tax applied this year?
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 from
$ 98,963
net, after discounts retirement and health.
Meanwhile, retirees and pensioners pay earnings if they earn more than 6 minimum assets (today $ 114,210).
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.
8. How much is the current Earnings discount?
For a single worker without children who earns $ 90,000 net (about $ 108,500 gross), this year the monthly Earnings discount is around $ 1,500 per month.
Withholding exceeds $ 5,500 if you earn $ 110,000 net, it amounts to $ 11,000 if you receive $ 130,000 and $ 17,000 with $ 150,000 of net compensation.
By not being deducted from the salary, if the project is approved, those amounts will enter the pocket of those contributors.
In married couples with 2 minor children, with a net salary of $ 110,000 (about $ 132,500 gross), the Earnings discount is almost $ 1,000 per month, the withholding goes up to $ 5,000 for pocket salaries of $ 130,000 and $ 10,000 per month if the net compensation is $ 150,000.
9. How is the impact by province?
By districts, they will stop paying the tax, “in the Province of Buenos Aires 569,000 male and female employees, retirees and retirees;
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.
10. What is the fiscal cost of approving the project?
The fundamentals of the project quantify it at
$ 40,000 million.
AQ
Look also
Income Tax: they promote a project so that workers who earn up to $ 150,000 stop paying
Lower Earnings: a measure created with the conviction that the choice is defined in the center