cross-posted from: https://lemmy.world/post/13165402
this post was submitted on 16 Mar 2024
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For Germany the Informationen is wrong we have at maximum 45% income tax if you make more then 170k a month and you pay 42% at 66 k. We literally have no wealth tax because of a loophole in regards to inheritance. Also social security has a maximal ammount that does not increase after a certain income threshold.
The income ammount is not 100% correct but it is arround that amount.
Edit: spelling
Also for wealthy people this practically doesnt apply. We have a flat 25% tax on income from financial investments like stocks. So while the engineer at BMW is paying 42% on all his income above 66,000 the Quandts as largest shareholder pay 25% on their roughly 1,000,000,000 dividend they receive every year.
Considering loopholes and tax evasion shemes billionaires are among the least taxed people in Germany.
In the world, but I agree with you, they love when people focus on income tax, takes the spotlight off them while their tax havens avoid all the capital gains tax they should being paying and their lobbyists pay for votes to lower those rates