Income tax: they analyze the increase in the wage threshold of the tax

In Economics they are studying to return to raise the minimum earning wage. Is that due to higher inflation and agreed salary increases in peers and for out-of-contract employees, the $ 280,792 minimum wage from income tax was delayed. And more workers in an addictive relationship have once again had profit discounts.

Earnings’ latest minimum wage increase was applied in June and was 24.27% (increased from $ 225,937 to $ 280,792) and corresponded to the increase in the RIPTE (Taxable Remuneration for Stable Workers) salary index between October 2021 and March 2022.

In the April-July period, the RIPTE increased by 22.8% so the $ 280,792 minimum salary should now be $ 344,812. And whoever earns between this value and $ 398,095 would pay less earnings to avoid a jump in the tax payment.

The minimum wage was Sergio Massa’s initiative when he was head of the Chamber of Deputies. The rationale for this measure was that the minimum wage of the profit was put into practice so that the number of workers affected by the tax did not increase.

Now that low should be $ 344,812. At the time, with Martín Guzmán at the head of the economy, the government argued that $ 280,792 was the value that allowed Guadagno to keep the number of workers below 940,000, which corresponds to last year’s average. And that the goal was not to increase that amount.

Above $ 398,095 there would be no benefits and they will continue to be taxed more because the non-taxable minimum (MNI) remains at the same January value throughout the year as set forth in the income law, when the inflation projections and salaries exceed 90%.

For this segment of workers, the MNI is a monthly average of $ 112,682 for a single person with no children and a monthly average of $ 149,063 for a married person with a spouse and 2 children. This is paid Earnings for the difference between what they earn and those values, a gap that widens as incomes rise and those lows remain unchanged between January and December.

The case of retirees and retirees is different because they have an MNI equivalent to 8 minimum assets equivalent to $ 346,824 as of September, with which they have an automatic quarterly adjustment based on the increases in the mobility formula.

This MNI applies if certain conditions are met, such as not receiving other income and not being covered by personal assets. However, the same “floor” wage value applies even if this MNI of 8 minimum wages does not match them.

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