Monday, August 27, 2007

Grattis Vers Vers För Mormor Kort?



Dear friend, Yesterday, the Minister Padoa-Schioppa, in a speech at the party Udeur in Telese said that the next maneuver will be "a financial respite tax, will not entail obligations tax revenue, assuming that the tax burden is excessive. "For those who are up - said Padoa-Schioppa - the tax burden is excessive. The estimates, not ours, talking about 100 billion per year of tax evaded . However, the submerged shoot to affect both the calculation of tax revenue, both on the calculation of GDP, which is corrected by estimates of the amount of resources excluded from the taxable amount of the tax. Istat, it corrects the GDP increase in tax, by various techniques, is able to quantify. The revenue from the plan is not corrected in any way by tax, which is based only on the amount of actual taxes collected. this fix, and then only partially, could alter the figures around which the political debate develops. In fact, generally, the tax burden is calculated by doing the following:
Pressure = Proceeds / GDP
then, if the GDP is increased based on estimates of evasion, and revenue is not subject to the same correction , we have: Proceeds / GDP (without escape) is still greater Proceeds / GDP (with evasion), then the figures tax burden provided may be different from the actual (Minor), going to increase the tax burden on the shoulders of the Italians. The trick is to see what figures you are talking about.

Another thing to note is that the calculation of GDP is influenced by the same tax burden, in fact one of the dominant voices in the matter is that reality consumption.

Income generated by the consumption (remember the commercial economy that runs with you?) output decreases with increasing taxation as a whole, this because income available to consumers is less because:

Rc (income available for consumption) R = (1-t)

where R is the income produced and t have to pay taxes.

Here, in part, explain the words of the minister:

" The objective of GDP growth to 2 percent in 2007 - admitted Padoa-Schioppa - is now more ambitious than two months ago." To achieve this end of the year, said the minister, "there should be a recovery in coming quarters .

must however point out that paying taxes is a constitutional duty, enshrined in Article 53 of our Constitution: 53 Constitution Art

"Everyone shall contribute to public expenditure because of their ability to pay.

tirbutario system is based on criteria of progressiveness "and that only by paying

all you can also get to re-establish fair tax.

In terms of progressivity of the tax system, I would like to reflect briefly on the rates applied:

PIT RATES IN EFFECT UNTIL 31/12/2006 23% to 33% from 26,000 € 26,000 to € 33.5000 100.0000 39% from 33,500 to 43% for incomes over € 100,000 to €

NEW SHARES IN PIT From 01/01/2007 areaLimite No income tax under which taxes are not paid for under the 8000 Euro 7500 Euro for the lavoratorisotto pensionatisotto the 4800 for self employed

23% to 27% from 15,000 Euro 28,000 Euro 15,000 to 38% from 28,000 to 55,000 Euros 41% from 55,000 to 75,000 Euros 43% for incomes above € 75,000

(data taken from the special on financial Il Sole 24 Ore, you can find the same rates in the government dossier http://www.governo.it/GovernoInforma/Dossier/finanziaria_2007/slide/riforma_fisco_new.pdf )

As you can see has been lowered to be applied to the income tax rate to 23% (the minimum), bringing it from 26000 to 15000 euro and dropped the second rate, but applied to a different band. Instead, something that has not been done is was to bring, that rate for very high incomes, such as those in excess of € 100.000/150000di year and there are, just look at the income of deputies and senators.

Now let's do some calculations to see how change in one year, the tax made on low income groups, the government is to protect.

For an income up to € 15,000 has not changed anything (even before the rate was 23%). For income tax from 15,000 to 28,000 hours applied is 15000 * 23% = € 3450, in addition to 13,000 * 27% = 3510 for a total of 6960 € of taxes to the maximum of the band. Before the rate was applied 23% up to € 26,000, equivalent to 26000 * 23% = 5890, which was added 33% applied to the remaining € 2000 that are missing in order to compare two different loads applied to an income tax of € 28,000 (€ 2333.34 per month that are neither few nor too many). so we have to add 26000 * 23% = 5890 and 2000 * 33% = 6550 So, today, at € 28,000, you pay only income tax 6960, and yesterday he paid 6550. So I hope that the next budget takes account of this, as well as the promise made by the Minister Padoa-Schioppa, not to further raise the tax burden. Look denials and / or confirmation of the above, provided that they are all personal opinions, hopefully supported by reliable data.

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