Increase payroll tax exemption to $15K- Hon Ronnie W. Skelton
According to Hon Skelton, the Government needs to do something urgently to help especially middle-class workers and small businesses, who he said are struggling.
Currently, each employee in the Virgin Islands is entitled to an annual tax exemption of the first $10,000.00 earned remuneration.
“Madam Speaker, again, there is a quick way to get some set of resources to some of these people. During our time in office, we gave $10,000.00 free, the first $10,000.00.
“You don’t have to give it across the board, give the first $15,000.00 to people who making under the 23,000.00 lifeline that you talk about. People who making above that don’t get it. Those are some of the things you could get resources into people’s hands quickly,” Hon Skelton stated at the Continuation of the Ninth Sitting of the First Session of the Fifth House of Assembly (HoA) on April 9, 2024.
‘I am not a bank’- Hon Skelton
The businessman and former Minister of Finance said small businesses are coming to him for help but he does not have the resources to help them.
“The small businesses, they coming to me for loans. I am not a bank. I don’t have that kind of resources but you try to guide them to the Small Business Bureau but when they get there the people at the front desk telling them there is nobody in those positions so it makes no sense coming.
“There are small businesses out there that need assistance.”
‘We cannot keep another party’
Hon Skelton said resources need to be put where they need to be, as he swiped at Premier and Minister of Finance Dr the Honourable Natalio D. Wheatley (R7).
“We have to, Mr Premier, we cannot keep another party,” Hon Skelton stated.
The Opposition Leader urged the Premier to save the next big party for the 70th Emancipation Festival later this year.
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20 Responses to “Increase payroll tax exemption to $15K- Hon Ronnie W. Skelton”
Is it $23000.00 per month AS WRITTEN. Or is it per Annum
Without NHI a lot of us would be dead.
$30,000 annual salary can barely even pay for a two bedroom home, food inflation, taking care of children, transportation etc…
Place this $15,000 tax brake for persons making $1 to at least $35,000. Come on man, let’s get REAL….
You guys made sure your pockets will forever get fat, whether in office or not once given two solid terms!! Give the working middle and lower class a break!
If you’re not going to be fair in your assessment, leave the thing how it is! Take your trips all over, while purposeful buildings don’t have water, a/c, pot holes in roads, a no sense of direction education system, and wasteful spending on things that don’t mean nothing!
I tired!