How much do workers lose for failure to update family earnings and wages

Due to the failure to update the limits of the Family Allowances and the Earnings Plan, workers suffer a further loss in their income to what they are already having in their salaries due to rising inflation.

In the case of a salary per child, the cap that entitles you to pay the family allowance remains unchanged at $ 158,366 gross salary.

so who wins a gross salary of $ 130,000 minus discounts retirement and health will receive $ 107,900 plus $ 20,000 for each child in September, October and November: in total $ 147,900. But if you have a pay raise and continues to earn $ 160,000 grossless discounts, will raise $ 132,800 in hand and is not eligible for the family salary, which is limited to $ 158,366. In short, it will raise $ 15,100 less in hand.

This bias occurs because the government updated the child allowance in line with inflation exclusively for workers in an employee relationship with gross family income of less than $ 131,208 per month (grade 1). In those cases, family salary per daughter or son increased from $ 10,126, effective October 2021 when an extraordinary bonus was approved, at $ 20,000.

For the rest of the workers, if each member of the family group earns less than $ 158,366, the amount of family wages according to the mobility formula, this year – between September and November – it increased by 49.2% against an estimated inflation of 90% for the last month. A loss of over 40 points.

For example, those with household income between $ 131,209 and $ 192,432 Child allowance drops to $ 6,830, provided that no family member earns more than $ 158,366. ANSeS clarifies: “If a member of the family group receives a gross amount exceeding one hundred and fifty eight thousand three hundred and sixty-six ($ 158.366, -), he is excluded from the collection of family allowances for the family unit “.

This cap, which is updated once a year, between the months of October, according to the RIPTE (Taxable Remuneration of Permanent Workers) remains unchanged when from that month to June 2022 that wage index increased by 44.9%. This limit should, at a minimum, be approximately $ 230,000. And if we add July and August it should be around $ 260,000.

Therefore, those who receive a salary increase or improve their income, can have a nominal reduction in the benefit and if they exceed the maximum limit ($ 158,366) they directly stop receiving the family allowance, going to receive less than workers with lower wages. Here’s what’s going on.

The same thing happens with income tax. This year the minimum wage started at $ 225,937 and as that power was extended to 2022was raised to $ 280,792. The increase is equivalent to the increase in the RIPTE (Taxable Remuneration for Stable Workers) salary index between October 2021 and March 2022.

But once again that floor is obsolete. Is that during April-July, the RIPTE increased by 22.8%, so the minimum wage of $ 280,792 should be $ 344,812.

This is leading workers who were exempt from profits now to receive withholding tax for the tax.

According to Gabriela Russo, head of the Professional Council of Economic Sciences (CABA), a worker who receives a gross salary of $ 280,000, minus retirement and health discounts, collects $ 232,400 in hand and has no withholding tax.

If you get promoted or get a raise and your salary is raised to the gross amount of $ 324,200, you lose the “no withholding” benefit. And it has since been subject to the general tax scale, suffering a monthly withholding of $ 34,314.80. The pocket salary becomes $ 234,771.20, that is, in real terms, he will only receive a difference of $ 2,371.

YN