In new version of the stability law there is good news for families, especially those on low incomes. Starting next year, the basic values of Irpef deductions on dependent children will increase by 180 euros. In particular, the discounts will go from 800 to 980 euros for children over 3 years old and from 900 to 1.080 euros for younger ones. The intervention is worth 941 million in 2013, 1.405 million in 2014 and 1.265 in 2015.
But it's not over. Those who earn less are further favored by the parameter mechanism envisaged by the consolidated income tax text. Basically, the base values are multiplied by a figure that goes down with the income. And the multipliers change according to the number of children, thus favoring larger families. In this way, the tax effect of dependent children becomes inversely proportional to the total declared income.
Let's get to the numbers. According to calculations by Sole 24 Ore, a household with an income of 10 euros and a dependent child who has already turned three gets an additional discount on the total Irpef of 10,2%, while the benefit drops to 3,4% with 20 thousand euros of income, at 1,7% with 30 thousand euros to get closer to disappearance for higher incomes. If there are two children, and one of them is less than three years old, the benefits become more substantial, and with them the concentration of the effects on low incomes becomes more marked. With 10 euros of income, the Irpef to be paid will decrease by 41,4%, it will drop by 8,2% with 20 euros of income and so on, until offering a difference of a few tens of euros (0,1% of the total ) if the family income is 90 euros.
However, there is a fundamental flaw: any intervention on personal income tax will never bring any benefit to the weakest social groups, the so-called "incompetents". These are people who have an annual income of less than 8.000 euros, thus returning to the "no tax area". The poorest taxpayers are already exempt from paying the tax and the new rebates will not affect their budget at all. From next July, however, the third VAT rate will rise from 21 to 22%. And the increase will really weigh on everyone.
