Re:Apple Announces App Store Small Business Program
by Heliosmaster on Wednesday November 18, 2020 @07:46AM
(#25136134)
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.
[ Parent
| on HN ]
Re:Apple Announces App Store Small Business Program
by neuronic on Wednesday November 18, 2020 @08:27AM
(#25136465)
In 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.
Re:Apple Announces App Store Small Business Program
by whiddershins on Wednesday November 18, 2020 @09:09AM
(#25136882)
Same in the US I believe.
Re:Apple Announces App Store Small Business Program
by mkl on Wednesday November 18, 2020 @08:10AM
(#25136332)
Really? It's not progressive [1]? This page suggests it is: 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 (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.)
Re:Apple Announces App Store Small Business Program
by benhurmarcel on Wednesday November 18, 2020 @08:39AM
(#25136556)
He's talking about freelance people. This link is for employees.
Re:Apple Announces App Store Small Business Program
by mkl on Wednesday November 18, 2020 @03:45PM
(#25142221)
Oh. I'm surprised that makes a difference.
Re:Apple Announces App Store Small Business Program
by 101008 on Wednesday November 18, 2020 @07:50AM
(#25136163)
Same in Argentina, sadly :-(
I would like if there is any solution to this other than to apply the same percentage to all income.
Re:Apple Announces App Store Small Business Program
by photonios on Wednesday November 18, 2020 @08:01AM
(#25136251)
This is fixed in most countries by creating brackets that stack. See: https://en.wikipedia.org/wiki/Progressive_tax
You'd pay let's say 15% over the first 30k, and then 30% over the remainder.