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it's exactly like the freelancer tax brackets in Italy. Everybody jumping through hoops (and or not declaring stuff) to remain under the threshold of 60k/year (
by Heliosmaster 6y ago
it's exactly like the freelancer tax brackets in Italy. Everybody jumping through hoops (and or not declaring stuff) to remain under the threshold of 60k/year (was 30k/year). Otherwise tax rate doubles.
- 101008 6y agoSame in Argentina, sadly :-( I would like if there is any solution to this other than to apply the same percentage to all income.
- photonios 6y agoThis is fixed in most countries by creating brackets that stack. See: https://en.wikipedia.org/wiki/Progressive_tax https://en.wikipedia.org/wiki/Progressive_tax You'd pay let's say 15% over the first 30k, and then 30% over the remainder.
- mkl 6y agoReally? It's not progressive [1]? This page suggests it is: https://taxsummaries.pwc.com/italy/individual/taxes-on-personal-income https://taxsummaries.pwc.com/italy/individual/taxes-on-perso... (Yes, this is a foreign third party so may be wrong; I can't read Italian.) [1] https://en.wikipedia.org/wiki/Progressive_tax https://en.wikipedia.org/wiki/Progressive_tax (See the Computation section for how the higher rates only apply to the higher portions of a person's income, with their lower portions taxed less.)
- benhurmarcel 6y agoHe's talking about freelance people. This link is for employees.
- mkl 6y agoOh. I'm surprised that makes a difference.
- neuronic 6y agoIn Germany we have "cold progression", so stacking tax brackets. If you earn 35.000€ it's something like (random numbers): 0-9000€ [0%] -> 0€ 9000-20.000€ [10%] -> 1100€ 20.000-40.000€ [15%] -> 3000€ Total = 4400€ So if you're in the 15% bracket you pay 4400€ which is actually 12.5% in total, and not 5250€ (15%) as some people seem to believe.
- whiddershins 6y agoSame in the US I believe.