Ismael Bermudez
03/08/2021 12:10 AM
Clarín.com
Economy
Updated 03/08/2021 12:15 AM
Starting in April, 1,267,000 workers and retirees
will stop paying income tax.
And what was deducted in January and February and what they pay for March
will be returned with the collection of that month's salary.
And the bonus exemption is incorporated for
salaries of up to $ 150,000 per month.
The project of the head of the Chamber of Deputies Sergio Massa to "raise" the gross salary floor of $ 150,000 from which the income tax will be paid has an important tax change: it will be applied retroactively to January 1.
And not forward from its approval by Parliament as the original version marked.
This is possible because it is an annual calculation tax.
In addition, the floor of $ 150,000 will be considered without the bonus, which is exempt from tax for those who earn less than that amount.
These changes arose from agreements with deputies and the CGT, and have the
approval of the Ministry of Economy and the AFIP.
It is discounted that the project will be approved this month.
"With this measure, the State generates a positive impact on the pockets of workers and retirees of $ 10,000 million during April that will be turned directly to consumption, The coordinated work of the Executive and Congress allows this unprecedented fiscal effort to be made" .
This was explained to
Clarín,
the head of the Chamber of Deputies who added that progress continues in other modifications, such as in the case of overtime, self-employed, additional measures for retirees, rentals or work travel expenses.
On Tuesday several union leaders, such as Pablo Moyano (Truckers), Mario Manrique (SMATA), Omar Plaini (canillitas), Ricardo Cirielli (aeronautics) will meet with Massa to agree on these points.
The discussion begins this Tuesday in the plenary of the Budget and Labor Legislation committees, chaired by Carlos Heller and Vanesa Siley.
They will be the Minister of Labor, Claudio Moroni, the head of Afip, Mercedes Marcó del Pont and Secretary of Tax Policy of the Ministry of Economy, Roberto Arias.
From these numbers it can be deduced that in April 1,267,000 retirees and pensioners
will receive an average of $ 7,893 in April for the returns of earnings for January, February and March.
In the case of retirees and pensioners, the non-taxable minimum is raised from 6 to 8 minimum assets (today $ 164,571.44), a value that is adjusted every 3 months for mobility.
Instead, the $ 150,000 is updated annually according to the evolution of the RIPTE (formal wages) index that is currently used for deductions.
In turn, another 102,741 people with gross salaries between
150,000 and $ 173,000 will pay less to avoid sudden "jumps" in the scale of the tax.
Those who will continue to pay Earnings as up to now are
733,000 who earn above $ 173,000 gross per month
, "returning to the historical percentage that only 10% of those with higher income pay Earnings," according to the project.
Some examples, taking into account the 17% discount of the retirement and health contribution and without considering the deductions from the tax base of the tax, such as prepayment or payment of salary and social security contributions of domestic staff, show the following:
• A single worker without children who earns $ 91,300 net ($ 110,000 gross), this year the monthly discount for Earnings is $ 1,657.
Thus, in April he will receive $ 4,971 and in the year he
will stop paying $ 19,893.
• A single worker with no children earning $ 130,000 gross or $ 107,900 had $ 5,071 per month deducted.
In April they will return you $ 15,213 and in the year you
will stop paying $ 60,863.
+ For this same salary, if you are married with two children they deducted $ 656 per month.
They will return you $ 1,968 in April and in the year you will stop paying $ 7,874.
• A single worker who earns $ 150,000 gross ($ 124,500 net) deducted $ 9,694, will receive $ 29,082 in April and will stop paying $ 115,685 in the year.
If you are married with two children they deducted $ 3,374 per month, you will receive $ 10,122 in April and will stop paying $ 40,489 in the year.
As the calculation of the tax varies according to the family structure of the worker and the floor of $ 150,000 is similar for all workers, the benefit is greater among singles without children in relation to those married with minor children.
What happens, for example, if a worker who earns $ 150,000 gross, in June receives a raise of 20% and goes on to earn $ 180,000?
In that case,
Profits over $ 180,000 will be taxed
.
At the end of the year, the employee will have months in which he will not pay Earnings on salaries of up to $ 150,000 - because the net profit from those salaries is equal to zero.
And months where he will pay the tax because the salaries were higher than $ 150,000 gross, responded Massa's advisers.
The fiscal cost of the project was calculated at $ 40,000 million for 12 months,
but that figure could be reduced by workers who, upon receiving a salary increase, exceed the floor of $ 150,000.
On the other hand, Massa's advisers insist that the net fiscal cost will be lower due to the higher tax collection that will generate the highest consumption due to the sums that will be returned in April and for what taxpayers will stop paying taxes throughout the year. anus.
