Yeah, I don't love the polish tax code. I did like that they lowered taxes pretty substantially recently as part of their effort to combat inflation--but it's not gonna work so long as Poland is part of the EU which is pumping money like mad.
I'm curious what you think will happen when Platforma gets in?
I'm curious what you think will happen when Platforma gets in?
Is current PM going to advise opposition PM, like before?
It's probably going to more gay, although PO politicians my not want to antagonize church's lobby too much.
There will be probably as much redistribution as previously, since PIS has shown it's really efficient to bribe people with their own money.
They are also going to be more submissive to the EU, but won't likely add EU membership to Polish constitution, as PIS's President of Poland suggested.
Also, why do you think I want Platforma back in? Gang of Four must go (for a free chopper ride.)
The Income tax brackets were adjusted down to two brackets: 17 and 22 % on the first two brackets, with the first bracket from 0-80,000 (I think) and the second 80,000 to 1X0 000. I don't recall the exact numbers off the top of my head, but the change in income tax is quite substantial.
I agree about what to do with them all though. Let them all hang.
Tax brackets were adjusted to 9% / 9% + 12% / 9% + 32% / 9% + 32% + 4%.
EDIT: Also, the brackets are 0 / 30 000 / 120 000/ 1 000 000 PLN.
It was 17 instead of 12 and there was so called "middle class" relief, that was supposed to smooth the entry into the 2nd bracket, but that turned out to be a shitshow, so it was retroactively abolished, with reducing 17 to 12.
I'm self employed, so I can actually deduct part of 9% from my basis, but next year I'm getting increase on social security pyramid scheme tax, due to 2 minimum wage rises. I'm going to get about $13k this year and only get about 1.5% more income left, and that's nothing compared to covidflation and lockdownflation, cultivated since 2020.
This tax reform is largely meant to transfer cash to PIS'S voter base (lower class) from people that actually aspire to something more.
change in income tax is quite substantial.
Would you sell your vote for $30 per month if you were earning minimum wage? It's going to get eaten up by inflation real fast.
Pretty much anyone's gains are going down the drain due to inflation, All while dude that was warning about incoming deflation in April 2020 got reappointed as National Polish Bank chairman and dude that Invested 5 mil PLN in 2021 into Inflation-indexed bonds is still Prime Minister.
I recall the "new deal" being a real shit-show. I'm just happy to see income tax being lowered--the ideal amount should be somewhere zilch and nada. Thanks for providing better numbers, I knew mine were out of date and inaccurate.
I stand by my point that lowered taxes is good and helps with inflation, even if the amount will be swallowed shortly. People will get raises, hopefully and meanwhile the increased monetary velocity should help the economy.
The biggest issue facing Polands economy isn't who is in charge, though, it's membership to a gigantic money printer. Brussels is trying to print their way out of trouble and in the meantime sending a lot of money to Poland which basically erases anything the local government might due to fix their issues.
Yeah, I don't love the polish tax code. I did like that they lowered taxes pretty substantially recently as part of their effort to combat inflation--but it's not gonna work so long as Poland is part of the EU which is pumping money like mad.
I'm curious what you think will happen when Platforma gets in?
Which ones? Temporary VAT?
Is current PM going to advise opposition PM, like before?
It's probably going to more gay, although PO politicians my not want to antagonize church's lobby too much.
There will be probably as much redistribution as previously, since PIS has shown it's really efficient to bribe people with their own money.
They are also going to be more submissive to the EU, but won't likely add EU membership to Polish constitution, as PIS's President of Poland suggested.
Also, why do you think I want Platforma back in? Gang of Four must go (for a free chopper ride.)
The Income tax brackets were adjusted down to two brackets: 17 and 22 % on the first two brackets, with the first bracket from 0-80,000 (I think) and the second 80,000 to 1X0 000. I don't recall the exact numbers off the top of my head, but the change in income tax is quite substantial.
I agree about what to do with them all though. Let them all hang.
Tax brackets were adjusted to 9% / 9% + 12% / 9% + 32% / 9% + 32% + 4%.
EDIT: Also, the brackets are 0 / 30 000 / 120 000/ 1 000 000 PLN.
It was 17 instead of 12 and there was so called "middle class" relief, that was supposed to smooth the entry into the 2nd bracket, but that turned out to be a shitshow, so it was retroactively abolished, with reducing 17 to 12.
I'm self employed, so I can actually deduct part of 9% from my basis, but next year I'm getting increase on social security pyramid scheme tax, due to 2 minimum wage rises. I'm going to get about $13k this year and only get about 1.5% more income left, and that's nothing compared to covidflation and lockdownflation, cultivated since 2020.
This tax reform is largely meant to transfer cash to PIS'S voter base (lower class) from people that actually aspire to something more.
Would you sell your vote for $30 per month if you were earning minimum wage? It's going to get eaten up by inflation real fast.
Pretty much anyone's gains are going down the drain due to inflation, All while dude that was warning about incoming deflation in April 2020 got reappointed as National Polish Bank chairman and dude that Invested 5 mil PLN in 2021 into Inflation-indexed bonds is still Prime Minister.
I recall the "new deal" being a real shit-show. I'm just happy to see income tax being lowered--the ideal amount should be somewhere zilch and nada. Thanks for providing better numbers, I knew mine were out of date and inaccurate.
I stand by my point that lowered taxes is good and helps with inflation, even if the amount will be swallowed shortly. People will get raises, hopefully and meanwhile the increased monetary velocity should help the economy.
The biggest issue facing Polands economy isn't who is in charge, though, it's membership to a gigantic money printer. Brussels is trying to print their way out of trouble and in the meantime sending a lot of money to Poland which basically erases anything the local government might due to fix their issues.