経済｜年収178万円の壁引き上げへ / Economy | Raising the barrier of an annual income of 1.78 million yen

Summary

The government and the Liberal Democratic Party have decided to raise the income threshold at which income tax begins from the current 1.6 million yen to 1.78 million yen.

This change is based on an agreement made last year among the three parties: the Liberal Democratic Party, the Democratic Party for the People, and Komeito. The government aims to include this proposal in the tax reform outline for the 2026 fiscal year, and a review of the income threshold is anticipated.

Dialogue

This dialogue is fictional and based on the article.

Chako: Hey Log, is it true that the income threshold is being raised?
Log: Yeah, it seems the government has decided to raise it from 1.6 million yen to 1.78 million yen. This means the income level at which taxes start will be higher.
Chako: Oh, really? Why are they doing that?
Log: There seem to be a few reasons. For example, to ease the burden on workers and to stimulate the economy.
Navi: To add to that, by raising the income threshold, it’s expected that more people will be able to work without worrying about taxes.
Chako: I see, that makes sense!

Admin’s Note

The news about the increase in the income threshold is likely a significant concern for many people. Especially in light of the active discussions around work styles and tax policies, it’s important to consider how such changes will impact individuals. From the conversation between Chako and Log, it’s clear that there are several benefits and objectives associated with revising the income threshold. I look forward to following the ongoing discussions and implementations regarding this issue.