One in 11 taxpayers fall within Germany's highest tax bracket - News Summed Up

One in 11 taxpayers fall within Germany's highest tax bracket


A new study shows that one in 11 workers in Germany fall within the country's top tax bracket - and it's not just very high earners who face big burdens. The top ten percent of earners are also paying nearly half of the total amount of income tax collected, while the top 30 percent pay more than two-thirds of all income tax. On the other hand, 2.7 million workers do not pay any income tax because they earn too little. "An analysis of the distribution of the most revenue-productive types of tax shows that in Germany the broadest shoulders bear the heaviest burden," the report states. Germany has the second highest tax burden in the developed world, according to a study released last week by the OECD.


Source: The Local April 18, 2017 09:56 UTC



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