Another hard earned €10B gonna go down the drain.
It's pathetic that people in Germany and other countries have to pay 50% taxes for BS like this.
It's pathetic that people in Germany and other countries have to pay 50% taxes for BS like this.
Well, "this BS" is an insignificant part of what those taxes cover. Germany pays about 1/3 of the EU budget, so its share of these 10 Billion is less than a tenth of this year's federal coronavirus relief budget.
I'm not talking about progression and the brackets, as it doesn't help comparing to other countries.
42% is the marginal tax rate (and 45% above 250k). The effective tax rate only exceeds 30% above ca. 71k EUR.