Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Flat tax – pros and cons

Photo: library

Prevalent public opinion is categorically in favour of a progressive taxation system, i.e. lower tax rates for the poor and higher rates for the well-off, indicate the results of a national survey conducted by Market Links. At the moment the taxation system in this country is regressive – people who are poorer pay higher taxes, and people who are richer - lower taxes because the insurable earnings ceiling is 1,300 euro per month with no tax on earnings in excess of this sum. 94.5 percent of respondents say that economic inequality is a problem for Bulgaria. The flat tax system, i.e. a single tax rate for all incomes, has the support of a mere 20 percent of people whereas a progressive tax system is supported by around 50 percent. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Sunny and warm October weather expected on Tuesday

On Tuesday the weather in Bulgaria will be mostly sunny. Cloudiness, medium to high, will increase after midday from the west-northwest. There will be a weak, in Eastern Bulgaria to moderate wind from the north-northeast, and cold air will begin to..

published on 10/28/24 7:35 PM

Eight political formations enter 51st Bulgarian Parliament with 100 % of tally sheets processed

After the early parliamentary elections on October 27,  the Central Election Commission published data of 100% of processed tally sheets.   Eight political formations enter the 51st Bulgarian Parliament: GERB-SDS  (ГЕРБ-СДС) -..

updated on 10/28/24 6:02 PM

A record-high number of imperial eagles have hatched in Bulgaria this year

A total of 48 birds of the endangered imperial eagle hatched in Bulgaria this year, said the Bulgarian Society for the Protection of Birds. This is the highest number registered by the Bulgarian Society for the Protection of Birds in the last 25 years..

published on 10/28/24 5:51 PM