Almost everyone will benefit from new 2009 tax brackets
Under the new tax law, the current rates of 19, 30 and 40 percent will be replaced with just two, of 18 and 32 percent, the latter applying to those earning more than zł.85,000 per year.
The cut means that those drawing an average salary of zł.3,000 will get an extra zł.300 per annum, while those earning over zł.4,900 stand to gain as much as zł.1,000.
Inevitably, public revenues will drop as a result. However, experts point out that the extra tax-free billions will help stimulate the ailing economy, leading to an increase in tax revenues in 4-5 years' time. On the other hand, the government is backing away from cutting capital gain tax.
Sources: Dziennik, Rzeczpospolita (P.M.)
The cut means that those drawing an average salary of zł.3,000 will get an extra zł.300 per annum, while those earning over zł.4,900 stand to gain as much as zł.1,000.
Inevitably, public revenues will drop as a result. However, experts point out that the extra tax-free billions will help stimulate the ailing economy, leading to an increase in tax revenues in 4-5 years' time. On the other hand, the government is backing away from cutting capital gain tax.
Sources: Dziennik, Rzeczpospolita (P.M.)
