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 Thanks for providing better numbers, I knew mine were out of date and inaccurate.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.
The biggest issue facing Polands economy isn't who is in charge, though, it's membership to a gigantic money printer.
Latter is caused by the former. Outside of minor frictions with so called "rule of law" they're extremely subservient. PM was actually once boasting that Poland is getting rid of coal fastest in the EU. President wanted EU membership in constitution, some people got flashback to us having constitutional friendship with USSR. There are probably dozens of various cessions made towards EU that aren't covered by accession treaty and some may be even illegal under our constitution.
Not to mention numerous examples of incompetence, just like aforementioned "New world Order" tax bill.
Can I get a good source for the President wanting to enshrine EU membership in the constitution? That shit is fucked up if true. I had thought that PiS was doing a better job of standing up to the EU, so this is a surprise to me.
“Today, our task is to build a strong state here. We have a constitution, but we should discuss modifying it because it is worth debating whether we should include entries about the EU in our constitution. Should we guarantee membership of this grand alliance? Personally, I think yes. Should we guarantee our presence in NATO? Personally, I also think yes,” the president said.
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.
Latter is caused by the former. Outside of minor frictions with so called "rule of law" they're extremely subservient. PM was actually once boasting that Poland is getting rid of coal fastest in the EU. President wanted EU membership in constitution, some people got flashback to us having constitutional friendship with USSR. There are probably dozens of various cessions made towards EU that aren't covered by accession treaty and some may be even illegal under our constitution.
Not to mention numerous examples of incompetence, just like aforementioned "New
worldOrder" tax bill.Can I get a good source for the President wanting to enshrine EU membership in the constitution? That shit is fucked up if true. I had thought that PiS was doing a better job of standing up to the EU, so this is a surprise to me.
https://tvpworld.com/42472231/nato-and-eu-membership-should-be-in-constitution-president