We all want to have a good job with high wages so that we can live well. The more we earn, the more attractive a job becomes to us, but we always need to look at the time we spend on it to see if it compensates us.
The Treasury is very happy with this situation because He rubs his hands when he sees such high numbers. payroll. The Treasury benefits from what we earn through the personal income tax (IRPF), which is a progressive and proportional tax. How many more people? incomeyou need to pay more. All earnings from the previous year, whether income from work or savings, are calculated this way.
Withholding tax is calculated in sections
They were established different departments Calculating the withholding tax percentage made by the Tax Office. is from the fourth chapter where an exponential increase is recorded. When a person earns more than 35,200 euros, a significant part of his salary is covered by the treasury. The sections it creates are:
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From 0 to 12,450 Euros: 19%
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Between 12,450 and 20,200 euros: 24%
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Between 20,200 and 35,200 Euros: 30%
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Between 35,200 and 60,000 euros: 37%
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Between 60,000 and 300,000 euros: 45%
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More than 300,000 euros: 47%
Workers Less than 35,200 euros There is lower withholding tax this year due to the tax reduction on gross annual income of up to 21,000 euros and the increase in gross annual salary from 14,000 euros to 15,000 euros.