Italy Considers Tax Cut for Middle-Income Workers
Listen to the story
Italy's government is talking about a new tax plan.
The tax is called Irpef. It is the tax on income.
People pay Irpef on the money they earn.
The government wants to lower the tax rate to 33%.
This new rate could be for people who earn up to 60,000 euros a year.
If this happens, workers could save money.
Some workers could get up to 1,000 more euros a year.
This money would come in their pay packet.
A pay packet is the money a worker gets each month.
The government is also talking about other things.
These include contracts, work speed, and overtime.
Overtime is extra work after normal hours.
The government must find money for these plans.
This is part of a big yearly plan called the budget.
The budget decides how the government spends money.
Right now, these are only ideas. Nothing is final yet.
Vocabulary15 words
- Irpef
- the Italian tax on personal income
- income tax
- money you pay to the government from what you earn
- rate
- how much of something, shown as a percent
- pay packet
- the money a worker gets
- contracts
- agreements about work and pay
- overtime
- extra hours worked after normal time
- budget
- a plan for spending money
- simulation
- a test to show what might happen
- resources
- money or things you can use
- productivity
- how much work gets done
- incentive
- something that makes people want to do more
- savings
- money you keep instead of spend
- government
- the group that runs a country
- plan
- an idea for what to do
- workers
- people who have jobs
Quiz
Answer key
1. Italy's income tax 2. 33% 3. No
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Italy's government is talking about a new _____ plan.
The tax is called Irpef. It is the tax on _____.
The government wants to lower the tax rate to _____%.
This new rate could be for people who earn up to _____ euros a year.
Some workers could get up to _____ more euros a year.
This money would come in their pay _____.
These include contracts, work speed, and _____.
The government must find _____ for these plans.
This is part of a big yearly plan called the _____.
Right now, these are only _____ yet.