Gov't eyes higher taxes on well-paid pensioners to address disparity

considering imposing heavier taxes on working pensioners with high salaries, as part of tax reforms

So JGovt considering for productive elder to just stop working and rely on pension.

Reduce government expenditure first before ripping off the taxpayers.

So, they’ve paid taxes and pension all their lives and now, because they are living well the government wants a slice of their retirement funds. This is exactly why I left Japan. The government just takes and takes until you have nothing. As a foreigner doing well you become a financial prisoner. The more you make the more they take. I was working six days and nights a week and making good coin, but the J-Gov was taking nearly 50% of it. They are worse than the Yakuza. At least you can negotiate with the Yakuza.

How about reducing the perks and pay and the number of politicians first?

In this case, couldn't be truer for our older folks than the adage - Nothing is certain, except death and taxes.

These “working pensioners with high salaries” are generally the “Amakudari” cronies of Zaibatsu and Zaidan, who have executive or honorary positions without actually doing any actual work.

So, they’ve paid taxes and pension all their lives and...

Most pensioner income for high earners will be unearned. It is rents, share income, capital gains, etc. Something like 70% of all Japanese wealth is owned by the elderly. It means rents, share income, capital gains, etc. are going to them, not people raising kids.

I fully support lower taxes on income from actual work and higher taxes on financial gains. If taxes on rents, share income, capital gains, which go to people working zero days a week, were raised, taxes on people working six days a week could be lowered.

The pensioners have been working their entire life to pay pension contribution and now the jgovernment will ripped their own money this will suggest that they should stay home and rely only the pension received instead of being productive again into the society.

Typical Japanese govt, they love their taxes with zero regard to anyone.

Looking at the comments, I wonder what happened to all the disdain shown for rich pensioners “sitting on mountains of residual income” and Amakudari Zaibatsu crony board members usually shown on this comment board…

IMO, if you make the cash: pay the tax.

What about the penshioners who live overseas, like I will be? How are Japanese tax collectors going to nail someone in a different tax jurisdication and assess their income and working situation?

I fully support lower taxes on income from actual work and higher taxes on financial gains.

No way! Most of my retirement income will be dividends, interest and capital gains, thanks to Japan's puny pension and cheap currency.

Here's an idea, DOGE, downsize the Govt. $monster, as it's only destroying Japan's economic competitiveness.

In Japan the more money you make, the more taxes you pay. In the end, even if you have very high salary, the ammount of taxes you pay makes your real income to be almost the same as you would have half the salary.

Plus the callous and atrocious city and residential taxes, which only Japan, and maybe USA have it, but no other civilised country.

No way! Most of my retirement income will be dividends, interest and capital gains, thanks to Japan's puny pension and cheap currency.

You would have more "dividends, interest and capital gains" if Japan hadn't taxed your salary and food purchases for forty years, limiting your ability to invest. You would also have more money to enjoy when you are fit and healthy and not in a typically beat-up 65, 75, or 85 year old body, assuming you make it to those ages. I'll be happy to potter around and grow a few tomatoes when I'm seventy. I would much rather have money now when I can enjoy it with our kids or use it in new ventures I still have the energy to do.

Society has changed to a place where it does not pay to study or to do many jobs that require professional qualifications. Young people wanting to get financially ahead should ditch any costly forms of education and instead just invest as hard as possible as early as possible. People who study hard and get socially useful jobs will never catch up because their salaries are not high enough. Without parental help, they may still be renting at age 40.

Disgusting. People paired their whole working lives. When they retire their taxes should stop. It’s insane what we have allowed governments around the world to do.

Disgusting. People paid their whole working lives. When they retire their taxes should stop. It’s insane what we have allowed governments around the world to do. If they continue to earn then of course tax should be paid but frankly interest etc on already taxed money should be clear. Let people live.

The people targeted are receiving pensions, but they are also still receiving salaries. A salary means income from a job, which means the person hasn’t actually retired.

People paired their whole working lives. When they retire their taxes should stop.

Retirement means reaching retirement age and getting a pension even if continuing with work.

Salaries tax yes, whatever age. for the other income, property rentals/ leases, securities income already on the tax schedule the same as younger persons. Dunno about 'pension income' surely falls into same field as salaries income?? What is Gov proposal... to up the % rates for 65yrs??? uwat

Pensioners with substantial assets should move to Singapore. The LDP government wants your money!

It's dumb and crazy. Pensioners will naturally just stop working. I thought there was a worker shortage?

Our cash-strapped government is targeting the wrong age group here. This will only encourage money laundering by people who will be dead by the time they find out what they are up to.

Reduce government expenditure first before ripping off the taxpayers

Calling Elon Musk -- Japan needs you!

If people work they pay taxes even if they are retired.

Reduce government expenditure first before ripping off the taxpayers

Calling Elon Musk -- Japan needs you!

He would have a field day in Japan. You could easily fire 60% of the government "workers" here and you wouldn't notice the difference.