The working poor in Germany; just
another group to be plundered;
Under
the current German tax system, a single person who earns 40,000 euros
per year and gets a 2 percent pay rise could see net income actually
fall due to bracket creep, which would result in an increase in taxes of
3 percent.
When asked
how the government could make up for the four billion euros of lost
income [under proposals to end die Bracket creep], [Economy Minister Sigmar] Gabriel said that the introduction of a minimum wage in Germany from 2015 would bring in new tax income and lower state costs for social welfare support.
"We'll
have, for example, a giant reduction in expenditures and a giant
increase in income thanks to the minimum wage," he said, referring to
the 8.50-euro pay threshold that his party insisted on introducing as
their price for joining a grand coalition government with Merkel.
"That'll
mean more people are paying into the social welfare system with the
minimum wage and that'll mean we're paying out less in social welfare
spending. I believe we should give part of that back to the
middle-income wage earners."
Oh, was für ein verworrenes Netz wir weben ....
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