(by Luigi Alfano) The reduction of taxes seems an ethereal dream, the oasis that appears in the macro-economic desert heights, which in the past have proven to be the quicksand of a "stagnant" and "erosive" economic activity. In a historical context, in which it seems difficult to speak and discuss taxes, the Government has approved the cut of the tax wedge, with the decree-law 5 February 2020, n. 3 containing "Urgent measures to reduce the tax burden on employees", previously approved by the Council of Ministers no. 24 of 23 January 2020. For the reduction of the tax burden on workers, they have been allocated 3 billion euros for 2020, which restores the amount and extends the audience of current recipients "income tax bonus"Introduced in 2014 with the Renzi government.
The € 80 bonus will increase to € 100 on 1st July for annual income earners up to 26.600 gross. For the first time, workers who receive an income of 26.600 to 28.000 euros will be able to benefit from the increase in their paychecks. The benefit will undergo a décalage according to the predetermined income brackets, and up to zero when the maximum limit is reached: the 40.000 euro threshold. The new tax structure provides for an economic bonus of up to 28.000 and in addition to the maximum range it will guarantee tax deductions, therefore according to the estimate of the Council of Ministers the beneficiaries will go from 11,7 to 16 million workers.
The writer is certainly not a seer, but surely many readers will ask themselves the question will be “what will happen in the paycheck"? Il Sole 24 ore estimates that workers with one average annual salary of 28.440 euros, equal to an average annual income of 25.937 euros, the cut in the tax wedge will lead to a net increase in salaries of 440,95 euros from July to December, equal to one monthly increase of 73,49 euros, which corresponds to a net change of 2,12%.
The reduction of the tax wedge has been the subject of many political and economic issues for a long time, the hope is to know that you have written only the initial chapter, because the increase in gross domestic product also passes through the reduction in taxes that incentivizes investments . In the hope that the reduction of the tax wedge will not find its nemesis in the increase in VAT, rather that a less corrosive policy can be hoped for, trying to remodel products with lower rates.