Topic: - on December 7, 2002 at 12:30:11 AM CET
Germany: A Tax Hell
Why do Russians Want to Join the European Union?
The tax burden on the population in Germany makes up 50-60%. Only very rich people manage to avoid paying taxes. All other people have to pay all of it. Inheritance taxes fall under a complicated classification. They require a payment from seven to fifty percent of an inherited sum. Yet, the law stipulates tax free minimums in case of inheritance. For instance, about 500 thousand euros are paid to a husband or wife whose spouse died, about 250 thousand euros are be paid to children, and between five and fifteen thousand euros are paid to other relatives. Calculations show that if an individual inherits 25 million euros, the state will take almost a half of it.
... Comment
