Tuesday, February 10, 2015

But one out of four living on less than one thousand euro – The Time

But one out of four living on less than one thousand euro – The Time

FINANCIAL: DECREE, ESCAPE TO FIGHT FOR FINDINGS 4 MLD

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An Italian in four lives on less than 10 000 euro per year. While only two percent of them earn more than 70 thousand. The photograph of the imbalances of the country taken yesterday by Istat on the incomes of Italians in 2012 and GDP per capita explains the difficulty to interpret the will of a nation so disjointed. Many are those who, it is unclear whether in good faith or not, live on less than one thousand euro per month. There are those who do not earn but also many that most of the income continues to conceal them. In any event, the vast majority, 54%, amounts below 30 thousand.

But to give a measure of another type of imbalance are also data on the tax wedge. The average cost per employee, in fact, before taxes and social contributions, is around 31 thousand euro a year but the employee, under forms of net pay, ends up perceiving not more than 53%, slightly more than half for an average amount of 16,498 Euros. The difference, the so-called tax wedge, then, calculates still ISTAT, amounted on average to 46.7%: 25.6% are social contributions of employers while 21.1%, however, is to load of workers in terms of taxes and contributions.

As for the per capita GDP, double the North South: 33 500 € in the North-west, 31 400 € in the Northeast, 29 400 € in the center compared to just 17 200 EUR South. As regards the self-employed their average income, before taxes and social contributions, is around 23,432 euro per year while, net of IRAP, taxes account for 14.3% of gross income and social security contributions for 16.4%.

And always fiscally between 2011 and 2012 the average tax rate increases in slow motion for the self-employed compared to employees for families with only one income earner; for the first fact goes from 17.9% to 18.3% while the latter rose from 19.5% to 20.5%.

A lower tax burden particularly visible in the first class of income (up to 15 thousand euro) and due, says Istat in its survey Income and living conditions, “the effects of some measures concerning taxation of income self-employed and the downward revision of the parameters of sector studies adopted in 2011 and extended to 2012. “

Overall, however, in 2012 , the average rate of taxation at the household level was 19.4%. ”

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Phil. Cal.

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