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Income loss compensation during the Covid-19 pandemic: the winners and the losers
Kalíšková, Klára ; Zapletalová, Lucie
In this study we analyze how income compensation tools adopted by the Czech government in response to the Covid-19 pandemic were targeted at various groups of households. We reveal what proportion of the state’s overall expenditure on compensatory measures was targeted to the households most heavily affected by the pandemic. Despite the fact that the state spent a substantial amount on measures to compensate households for loss of income, the pandemic still had a substantially heavier impact on the poorer layers of society. This may manifest itself in the future as a deepening of existing problems with debt, executions and child poverty.\n
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Poverty and social benefits in socially excluded localities
Federičová, Miroslava ; Kalíšková, Klára ; Zapletalová, Lucie
This study presents a unique analysis of the living conditions of individuals and households in socially excluded localities (SELs) in terms of their income and exposure to poverty, compared to the average population. Special attention is paid to the receipt of social benefits and their effectiveness in reducing poverty. The analysis is based on unique data from living conditions in a socially excluded localities survey (SEL-SILC), conducted in 2020 by the Agency for Social Inclusion of the Czech Ministry of Regional Development, and from data from the Living Conditions Survey (EU-SILC) conducted by the Czech Statistical Office in 2020.
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We’ve done the math: here’s what the abolition of super-gross wages, reductions in social security contributions and the introduction of tax holidays will really mean
Kalíšková, Klára ; Šoltés, Michal
In the past year, the Czech Republic has seen plenty of changes in how employment income is taxed. Tax legislation adopted in December 2020 and July 2021 will reduce public revenues in 2022 by about 116 billion CZK. In other words, in 2022 employees will pay less than half the income tax that they would have paid without these tax changes. Average tax rates have been reduced for all income groups, although low-income employees will gain a disproportionately small slice of this savings pie. Employees in the lowest income quintile will save 500 CZK per month on average, whereas those in the highest income quintile will save an average of 4,000 CZK each month. The newly adopted tax legislation has substantially increased the share of employees who pay zero or negative income tax (i.e. receive what is known as the child tax bonus). There is thus little room for any further income tax reduction, especially for taxpayers who claim tax relief for their children or low-earning spouse.
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