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The reduction in work distorts personal income tax: income between 14,000 and 20,000 euros net will be taxed at 50% | Economy

The General State Budgets for 2023 have once again highlighted one of the greatest shortcomings of the personal income tax (IRPF), maintaining the pattern of recent years during the application of the deduction for net earned income. As currently designed, this tax generates two types of negative effects. The first of these is that it …

The reduction in work distorts personal income tax: income between 14,000 and 20,000 euros net will be taxed at 50% | Economy Read More »

The reduction in work distorts personal income tax: income between 14,000 and 20,000 euros net will be taxed at 50% | Economy

The General State Budgets for 2023 have once again highlighted one of the greatest shortcomings of the personal income tax (IRPF), maintaining the pattern of recent years during the application of the deduction for net earned income. As currently designed, this tax generates two types of negative effects. The first of these is that it …

The reduction in work distorts personal income tax: income between 14,000 and 20,000 euros net will be taxed at 50% | Economy Read More »