What are the taxes we pay?

Euskaraz irakurri: Zeintzuk dira ordaintzen ditugun zergak?

The tax system of a company is made up of the taxes, fees and contributions that are paid, each for a different reason. EITB Data wanted to learn about this system, which is shared between the Basque and Spanish administrations.

The income from work, the wealth of each citizen and other elements such as administrative procedures are taxed. These can be direct or indirect.

The direct taxes tax the income of individuals and businesses. It is the case of personal income tax that we pay annually for labor income; the Corporation taxwhich is applied to the performance of companies, and the tax on economic activitieswhich is paid for carrying out professional activities.

Direct taxes are also paid for owning property (wealth tax) or transmit them to another person (inheritance taxes Y of donations). You must also take into account other local taxes, such as the IBIon real estate, or the capital gainson the increase in the value of urban land, which is collected by the municipalities.

Important: for these taxes the taxpayer’s ability to pay is taken into account. In other words, whoever earns the most on the payroll or whoever owns more wealth will pay more.

The indirect taxes They are distinguished from the direct ones because do not depend on the wealth of each person. They tax the purchase of a consumer good or service (VAT), possession of a vehicle (IVTM) or make a administrative management How to renew the ID. Also in this group are special taxessuch as electricity or hydrocarbons, so rates such as the garbage or the water consortium.

Everyone pays the same taxes on the electricity bill or when shopping at a supermarket. That is the key to indirect taxes.

In addition to taxes, there are also the quotas on the salary, that is, the Social Security contributionswhich are used to finance unemployment benefits or pensions.

If all the taxes collected were 100 euros

If we look at taxes, leaving aside the Social Security fee, how much money do we contribute to each tax?

The highest income to the Treasury comes from VAT, which is the tax levied on the purchase of goods and services: 37 euros out of 100. In each thing we buy, we pay a part of taxes. The most common is 21%, although there are heavily discounted basic products and there is also one of 28% for luxury products.

Another large part of all taxes (35 euros out of every 100) correspond to personal income tax, that is, personal income tax. Most of this money comes from the income obtained from work and professional activities, although the IRPF also includes income from real estate capital, such as collecting rent.

8 euros out of every 100 are special taxes (taxes on alcohol, electricity or hydrocarbons), and others 8 euro They correspond to municipal taxes, which help bring water to our homes or maintain that of our towns.

Just 6 euro are collected via corporate tax, and even less, 5 euros out of 100, correspond to the taxes that are applied in case of an inheritance or for the wealth that is possessed.