Ismael Bermúdez
02/09/2021 11:59
Clarín.com
Economy
Updated 02/09/2021 18:58
If the project that establishes a floor of Earnings of $ 150,000 per month of gross remuneration is approved, the workers in a dependency relationship, both public and private, could have
an improvement in their pocket income
for an amount that increases according to the monthly salary that they are perceiving.
And that improvement varies significantly if the worker, for example, earns $ 100,000 or $ 150,000, and depending on whether he is single without children or married with minor children.
For example, in the case of
singles without children
with a gross salary of $ 100,000 ($ 83,000 net) the pocket salary could increase by just $ 583 per month (0.7%) and if you earn $ 150,000 ($ 124,500 net) the improvement is $ 9,640 per month (7.7%).
For
married couples with 2 minor children
with gross earnings of $ 120,000, the improvement is only $ 34 and amounts to $ 3,374 for those earning $ 150,000 gross.
The figures come from calculating how much salaried employees currently pay according to net or gross salaries (before retirement and social work discounts, which add up to 17%), both in the case of single people and married couples with 2 children.
Other deductions allowed
, such as the contribution to prepaid or domestic employee, are not considered.
As the current calculation of the tax varies according to the taxpayer's family structure and the floor of $ 150,000 gross is similar for all workers,
the impact on the worker's income is greater for singles without children
in relation to those with “burdens of family ”, such as spouse or minor children.
Another fact to take into account is that
the Earnings exemption is not modified if the worker obtains a salary increase as long as it does not exceed $ 150,000 in gross compensation
($ 124,500 net).
But if you exceed it, you will have Earnings withholding again, with the exception that
the tax withholding may not lead to less than $ 124,500 being collected out of pocket
.
That includes those who earn between $ 150,001 and $ 173,000 in gross compensation.
According to the calculations of the accountant Daniel Lejtman, partner of Lisicki, Litvin and Associates, a single worker without children with a gross salary of $ 100,000, which is equivalent to a pocket salary of $ 83,000, would obtain an improvement of $ 583 per month ( 0.7%).
With $ 110,000 gross ($ 91,300 net), the improvement rises to $ 1,657 per month (1.8%).
With $ 120,000 gross ($ 99,600 net), the pocket income is $ 3,220 (3.2%) And so, up to $ 9,640 (7.7%), for those who receive $ 150,000 or $ 124,500 net.
In the case of married couples with 2 children, as the deduction for family burden is added to the non-taxable minimum, the incidence of the project starts from higher gross wages.
Thus, with a gross salary of $ 120,000 or $ 99,600 net, the improvement is minimal: $ 34 per month.
With $ 130,000 gross ($ 107,900), the monthly income increases by $ 656. With $ 140,000 gross ($ 116,200), the pocket income increases by $ 1,779 per month (1.5%) and with 150,000 gross ($ 124,500 net) , the improvement amounts to 3,374 (2.7%).
The salary improvement would take effect as of the month after the bill is approved
by Congress.
And it does not modify the Earnings withholdings that the worker may have had since the beginning of the year.
In turn,
the bonus is not taken into account for the calculation of earnings
while the worker earns less than $ 150,000 gross.
For Lejtman, the project "comes to provide a solution to the contradiction generated by the impact of the tax on middle-income sectors, which in no way can be considered to be receiving" profits ", since they use their income practically to cover their basic needs. Furthermore, even before the last update of the non-taxable minimums, which are currently in force since the beginning of the year, for which the tax was already paid, they were not much above the values of the basic basket ".
However, Lejtman adds that "this amount of $ 150,000, which will mean that many who pay the tax today stop doing so, will be out of date with the results of the next parities, or any wage increase that responds to inflation. Although its automatic annual update is planned, it will only be carried out in 2022. This is one of the questionable aspects of the project, given that the current rate and levels of inflation require at least a semi-annual or even quarterly update. "
Additionally, it would be logical- concluded Lejtman, that the Index by which the non-taxable minimums are updated, and also this "floor", does not take into account the average of the remunerations according to the RIPTE in force today, but rather the CPI or inflation. ".
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