It is basically a ceiling to how much you can pay in taxes.
A foreigner moving to Italy can either
- enter the normal taxation regime, and pay according to all (domestic and foreign) incomes they have;
- decide to pay 200.000€ a year + 25.000€ per family member, no questions asked on foreign income (for up to 15 years).
"In response to an inquiry about why this program was cut, the Office of Management and Budget said in a statement that the program, quote, "wasted taxpayer funds to place climate change hysteria in AI models," unquote."
wow