According to modeling carried out by consultancy EY, couples with children can expect savings of between 35.24 and 1,288.84 euros thanks to the new IRS rates approved this Friday by the Council of Ministers.
According to data sent by a consultant who carried out a complex of simulations, including in relation to the current rates approved by the State Budget Law for 2024, for a married taxpayer with one breadwinner, one child and an income of 1,300 euros per month, the savings amount to 35 .24 euros, and this amount remains the same for two or three children.
In the case of a couple with two owners, the same income and children, the cost increases to 102.45 euros.
For a couple in similar circumstances but with an income of €1,500, the savings start from €45.97 (one holder) and reach €130.45 (two holders).
Couples with children and an income of €2,000 save between €80.97 and €213.32, while those with €3,000 save between €148.39 and €876.11.
For an income of 5,000 euros, the savings range from 502.31 euros to 1,194.35 euros, and for an income of 10,000 euros they range from 1,194.35 euros to 1,288.84 euros.
EY also modeled savings for single people, with the values being the same with and without children. Depending on income, they range from 51.22 euros to 644.42 euros.
In January, the previous government lowered the rates applicable to the first five IRS tiers from 1.25 to 3.5 percentage points.
This Friday the government approved a proposal with new rates, which are expressed in a reduction of 0.25 percentage points in the marginal rate of the 1st group, by 0.5 percentage points in the marginal rates of the 2nd, 3rd, 4th and 7th groups and by 0.75 percentage points. in the 5th bracket compared to the current Article 68 of the Tax Code.
In the 6th tier, the drop, as already mentioned, is 3 percentage points, and in the 8th tier – 1.25 percentage points.
Because the IRS is progressive, all income groups benefit from rate cuts at lower levels, with the impact being greater when, in addition to that effect, there is also a reduction in the corresponding marginal rate.
Author: Lusa
Source: CM Jornal
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