Over 1,500 euros of savings per family in Italy with average EU taxation. Let’s see why.
Taxes have always been the torture of Italians. A thousand regional and national taxes that affect the taxpayer. On the other hand, almost never receiving a service up to par. We know that taxation in Italy is high, among the highest in Europe, but by how much? How many taxes do we pay more on average than in other European countries?
In Italy, taxation is 2.2% higher than the EU average
There CGIA of Mestre carried out illuminating research to understand how much taxes affect household accounts. In the study, however, he did not analyze how much money Italians pay more in taxes than the average. It identified how much taxpayers could save per year, with taxation equal to the EU average.
The reasoning of the Association of Artisans of Mestre is as follows. By applying the average taxation within the European Union, how much would an Italian citizen pay?
To give a precise answer, he first of all calculated the average taxation in the EU. He discovered that in Italy at the family unit level, taxes are paid 2.2% higher than the European average.
Over 1,500 euros of savings per family in Italy with average EU taxation
By applying the average European tax rate to Italian income, each Italian family in 2019 would have saved around 1,500 euros. Each family unit last year could have counted on an extra month if the tax rate had been the EU average. Considering 1,500 an average monthly salary of an employee.
Money that could have been spent on goods and services and thus fuel consumption and economic growth. This is why the Mestre CGIA hopes for a drastic tax cut. Indicating a 3-4% cut in the tax burden to restart the country.
This would lead to a loss of revenue for the state of about 20 billion. Which should be recovered by reducing public spending and tax breaks.
For every Italian at the end of the year there will be a loss of 2,500 euros. Here because.