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

Snowy and windy Friday

During the night, precipitation will decrease and temporarily stop in Western Bulgaria. Light to moderate winds will blow. Minimum temperatures will be between -4°C and 1°C, with Sofia around -4°C. Tomorrow will be mostly cloudy, with snowfall..

published on 12/26/24 6:35 PM

Mogilyane honours victims of assimilation campaign

The 40th anniversary of protests by Bulgarian Turks against the so-called "revival process" (a forced assimilation campaign during communism in which people of Turkish descent were ordered to change their names and adopt Bulgarian ones - ed) was..

published on 12/26/24 2:30 PM
Архивна снимка

Protesters rally in support of shared parenting

As Bulgaria marks Father's Day, the Shared Parenting Foundation is organising a protest calling for legal changes to ensure that children of separated parents are raised with the care of both parents. The event will be held under the slogan 'No to..

published on 12/26/24 12:25 PM