Dearest,
I am sending you some observations on the fiscal policy of various governments over the last twenty years.
As can be seen, and this is also well known, the tax burden on taxpayers is, to say the least, oppressive.
Sergio Dalbuono
Attached is a comparative table of changes in the personal income tax levy and progressivity from 1974 to 2014, focusing on the last twenty years. This illustrates how redistributive policies have changed in Italy through taxation.
We offer a concise reconstruction that clearly illustrates how the personal income tax burden (IRPEF) has changed in Italy over the last forty years. The following example demonstrates how much—in today's monetary values—taxpayers earning incomes such as those shown in the following table would have paid annually to the Treasury if the 32-rate tax system of 1974 were still in force, and how much they actually pay today under the five-rate tax system. Furthermore, it shows the percentages and income brackets by which the tax burden has increased the most due to the changes made to the IRPEF system over the last forty years.
