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The Polish currency is the weakest in 12 years. ‘Studio Biznes’ asks about causes and effects
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The New Deal is a program that PiS wants to use to respond to the coronavirus epidemic. The presentation of the key project was to take place on March 20, but was postponed due to the pandemic.
One of the most important changes planned by the government of Mateusz Morawiecki is an issue taxes. The plan assumes, inter alia, as unofficially wrote the media, to increase the free amount to 30,000. PLN. Up to 17 million people could benefit from the new regulations – we read in “Rzeczpospolita”.
They earn more, so they will pay more taxes. Who will the New Deal hit?
Who would pay for such a revolution? Tadeusz Kościński, finance minister, stated in a press interview a week ago that the New Deal is to be a tax reset. “Those who earn less will pay less tax in percentage, and those who earn more will pay more in percent” – stated.
However, this is quite a general statement, it does not allow to clearly assess who are those who “earn more”. According to the daily, “to cover the costs of PiS’s proposal – assuming that a tax-free amount of PLN 30,000 will be introduced for all taxpayers – tax office he would have to collect up to three times more from those (taxpayers – ed.) from the 2nd threshold (income above PLN 85,528 – ed.). If such a high free amount would apply only to people with a minimum income salary, the tax office would have to collect twice as much from those with better earnings, “the daily explains. However, the daily predicts that depending on the specific solutions that the government finally adopts, the tax revolution of the New Deal may also hit several million tax payers, who have lower incomes. – below PLN 85,000 per year.
The New Deal, or gifts for the less wealthy
Earlier media reports said that the poorer would benefit from Nowy Lada. Pieni±dze the levy given to them in the form of a reduction will have to be balanced by the better earners. According to unofficial information, one of the methods of covering expenses is to increase the health insurance premium for those who earn better (e.g. are in the second tax threshold).
According to Dr. Sławomir Dudek, an economist, increasing the tax-free amount to PLN 30,000 PLN, could in turn translate into a profit in the portfolio of up to PLN 380. It is still difficult to judge who exactly will “earn” on the new government program. The most important will be detailed assumptions of the program, which have not been presented yet.
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