Re:Italy’s teetering banks will be Europe’s next crisis
by bonzini on Monday July 11, 2016 @05:06AM
(#12069791)
> The bigger problem in Italy seems to me to be that you have on of the least progressive income systems I've seen, so low earners gets hit particularly hard.
There are other mechanisms to make things more progressive. These include special regimes for low income self-employed people and extra returns keyed on stuff such as children (which progressively reduce and finally disappear as your income grows). You end up not paying taxes at all unless you earn at least ~8,000 euros. On a 30k euro income (about average for a secretary with 10 years experience) the overall final rate is around 23-24%.
There are other mechanisms to make things more progressive. These include special regimes for low income self-employed people and extra returns keyed on stuff such as children (which progressively reduce and finally disappear as your income grows). You end up not paying taxes at all unless you earn at least ~8,000 euros. On a 30k euro income (about average for a secretary with 10 years experience) the overall final rate is around 23-24%.