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Originally Posted by cody
I heard today that if you make more than what equals $50K USD in Germany in a year, 85% of your income goes to taxes. Could be complete BS. Anyone know?
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German Tax Rates
Personal Income tax rates in Germany are calculated on the basis of a mathematical formula. For 2004 , the following tax schedules are applicable:
Single Taxpayers:
" a zero tax rate on taxable income up to € 7,664
" a marginal tax rate rising form 16% to 45% on taxable income between € 7,664 and € 52.152
" a marginal tax rate of 45% on taxable income over € 52.152
This was taken from the German Embasy in Washington D.C. website
http://www.germany.info/relaunch/bus...tax_rates.html