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Have they fallen generally, or has the highest tax band fallen? Germany had the highest tax rate > 50%, it's now 42/45%. At the same time, the income required
by luckylion 6y ago
Have they fallen generally, or has the highest tax band fallen?
Germany had the highest tax rate > 50%, it's now 42/45%. At the same time, the income required to be taxed at that rate hasn't changed with inflation, so while it was e.g. 52.152€ in 2002, it's 57.051€ now - adjusted for inflation, it would have to be closer to 75k€.
Lowering the top marginal tax while not adjusting for inflation so more people get pushed into higher tax brackets from below is great if you're rich, but shit if you're not.
- ulfw 6y agoErm it's also not great when you're rich. Either way you're being taxed more year by year (in adjusted inflation euros)
- luckylion 6y agoIf you're going from 70% to 50% (or from 57% to 45%), I'd say that's pretty great.
- iso1631 6y ago90%ile now is £55k a year and gives you £40,543.60 net. £55k today is £32,461 in 2000. In 2000 someone on £32,461 had a take home pay of £24,080 -- the equivalent of £40,800 today. So not much change.