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No, you don't understand progressive taxation. You pay 0% on your first 10,000€, then a few percent for the next 12,000€ and so on. In 2021 in Germany for an i
by foepys 5y ago
No, you don't understand progressive taxation. You pay 0% on your first 10,000€, then a few percent for the next 12,000€ and so on.
In 2021 in Germany for an income of 60,000€ you need to pay 11,735€ income tax, roughly 19.5%. there is also no soli tax anymore unless you are earning a top-2% income.
- 2ion 5y agoI understand very well as I'm German. Anybody who is usefully skillful and economically useful will be earning north of 57k. Anybody who is all that and earning less than the equivalent German is a means to keep salaries low. There is an oversupply of cheap labour fuelling the Niedriglohnsektor already. That also means that high-performing individuals with an already appropriately high base income will be paying 42% on any € pay increase, which is not a good incentive to make people work more and/or more stressful and/or more highly skilled jobs /in Germany/. Why here, if you can be highly skilled and high earning in Switzerland and be able to achieve a multiple of net income and get a better pension system to boot?