From then on, everyone will be taxed according to their income for the current year, using the formula below, with an adjustment once the year's exact income is known (during the following year). The rate applied to wages will be: (IR × Rnp / Rnb) / R. The parameters in this highly complex formula are: • IR: tax paid in year (n – 2), before tax deductions and credits, • Rnp: wages and industrial and commercial profits in year (n – 2), after deductions, • Rnb: net taxable income in year (n – 2), • R: wages in year (n – 2), before deductions. The result is straightforward for an employee with no additional income or tax reductions and whose salary remains unchanged: each month, one-twelfth of the previous year's tax is withheld. For everyone else, it is a different story. Those entitled to tax reductions—for example, because they have hired someone to do housework—may even end up paying more than they owe. Will there be winners and losers? In principle, not among people whose circumstances remain unchanged. The biggest losers, however, will be young people entering the workforce: they will be taxed from their very first month of employment, at a non-personalized rate. Gone is the year when they could get settled without paying tax! And the winners? Heirs, who will no longer have to pay the deceased's taxes out of the estate. The tax authorities might even refund them money…