The Ministry of Finance and the media have said， “Raising the annual income barrier to 1．78 million yen will reduce revenue by 7．6 trillion yen，” while Kokumin Party leader Tamaki said， “On the contrary， people’s take-home pay will increase by 7 trillion yen．”
People’s Party leader Tamaki warns against negative reports claiming that “raising the annual income threshold will reduce revenue by 7.6 trillion yen” and that “on the contrary, the people’s take-home pay will increase by 7 trillion yen” When asked by reporters about a report that the government had calculated that if the “1.03 million yen annual income threshold,” which was the party’s flagship policy in the House of Representatives election and income tax was revised to 1.78 million yen, it would result in a reduction in national and local tax revenues of about 7.6 trillion yen combined, Tamaki warned, “On the contrary, it’s good that the people have been made aware that the people’s take-home pay will increase by about 7 trillion yen.” On October 31, Tamaki wrote on his X (formerly Twitter) account, “The Ministry of Finance’s efforts to explain things to the media and other parties are truly effective. This morning’s morning papers were all full of negative campaigning, with comments like “7.6 trillion yen decrease in income” and “higher income earners will benefit more.”
Regarding the so-called “annual income wall,” the party argues that the minimum wage should be raised to 1.73 times 1.03 million yen, or 1.78 million yen, since it is 1.73 times higher than in 1995 when the current system was established. For details, see source 2024/11/5 Previous thread.
>>1 Prime Minister Abe: “We will not leave a debt to future generations” regarding the source of funds for free education Does not exclude the possibility July 23, 2017 13:01 Prime Minister Abe speaks at a forum held by the Japan Junior Chamber of Commerce (July 23, Yokohama) = Kyodo News Prime Minister Shinzo Abe indicated on the 23rd that he would not exclude the use of education bonds, which are government bonds for educational purposes, as a source of funds for free higher education. “If we create a system that allows people to go to vocational college or university if they wish, they will earn an income in the future, which will increase tax revenue and create new wealth,” he pointed out. “There is also an argument that even if we borrow money now, future generations will not have to pay the bill,” he emphasized. The longest serving prime minister in Japanese history, Shinzo Abe, says, “The source of funds is government bonds!” (smugly) Huh? Aren’t government bonds not the source of funds? Lol.
>>1 How about selling the Ministry of Finance’s assets, such as the housing complexes for Ministry of Finance employees, and using the money to make ends meet? (^。 ^)y-.。 o○.
>>2 The only way to fill the gap is to tax medical professionals and infectious disease specialists who have made huge profits from COVID-19. For the time being.
>>2 If it’s not enough, we can just borrow money (issue government bonds) as usual Then we can print some 1 trillion yen bills and cancel them and the problem will be solved.
Please stop saying “government bonds are the source of funds” lol. Please say that the lack of funds can be made up by issuing government bonds. Understand basic terminology.
The average annual income in Japan is composed of the following four 1. Average annual income of regular-employed men: 5.5 million yen 2. Average annual income of regular-employed women: 3.837 million yen 3. Average annual income of non-regular-employed men: 2.276 million yen 4. Average annual income of non-regular-employed women: 1.532 million yen Then, the following four are weighted by number 1. Number of regular-employed men: 23.34 million (41.5%) 2. Number of regular-employed women: 12.21 million (21.7%) 3. Number of non-regular-employed men: 6.52 million (11.6%) 4. Number of non-regular-employed women: 14.13 million (25.1%) 1234Everyone benefits It’s a good measure Do it, Hayo.
For low-income earners, consumption tax should be treated as withholding tax, and you can take your receipt to the tax office to get a refund, or get a poor person’s card and show it at the register to get a tax-free payment.
The basic deduction should be abolished. It’s like the opposite of welfare, taking money from non-working people through consumption tax without paying the basic deduction that working people should pay.
This was also interesting Ishiba “They should stop this policy of handing out money without showing the source of funds” Yamamoto Taro “The source of funds is government bonds” Noda “You should say that after showing the source of funds” “No, I said government bonds” “The opposition parties should show the source of funds properly” Tamaki Yuichiro “So I said government bonds are the source of funds” Ishiba & Noda “?” Ishiba and Noda didn’t know that money is made up of credit creation in the first place lol.
>>15 Of course you’d be surprised if they said “government bonds are the source of funds” lol They’re saying that the lack of funds can be made up by issuing government bonds I wonder if that’s okay, seriously.
The Constitutional Democratic Party of Japan also mentioned expanding the basic deduction for income tax. Understand the Constitutional Democratic Party’s policies in full. Constitutional Democratic Party Policy Collection 2024 Tax system Regarding income tax, ～ Expansion of the basic deduction.
>>21 It’s obvious that there will be a tax increase after the immediate tax cuts, so when I ask about the source of funding, they don’t give a clear answer.
>>21 It pisses me off when other people get the benefits! I’m unemployed and I have nothing! ↑ Don’t get mad like this lol If you worked you could get the benefits too.
We need to raise the wages of convenience store part-timers and temporary car drivers, and we need to regulate the wages of care workers so that the higher-ups don’t take too much.
Tell me what you’re going to do to make up the shortfall. Maybe raise corporate taxes or something. I don’t think they’re going to do it without thinking about it.
Even if you only have a high school diploma, if you get a normal job you can make over 2 million yen.
What about the people who are actually making 1.03 million to 1.78 million yen? I guess they’re animators or people doing jobs they want even if they pay low wages.
Income tax is progressive, so even if the deduction amount is the same at 1.78 million yen, the higher the income, the more benefits the higher the income. Income tax rate list Benefits Income 40 million yen (income tax rate 45%) 1.03 million deduction → 1.78 million yen deduction Income 10 million yen (income tax rate 33%) 1.03 million deduction → 1.78 million yen deduction Income 3 million yen (income tax rate 10%) 1.03 million deduction → 1.78 million yen deduction No benefits Income 1 million yen (income tax rate 0%) 1 million deduction → 1 million yen deduction.
>>53 So that’s why they’ve cut corporate taxes so much But where did they get the money? Why are Japanese people so lenient on corporate tax cuts and tax cuts for the rich, but so strict on tax cuts for ordinary people In other countries, it’s usually the other way around They’ve been so brainwashed by the Ministry of Finance and Keidanren.
The Ministry of Finance will have less work to do, so personnel costs can be cut. If they’re that worried about funding, the parties involved need to set an example.
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