Progressive taxation in Germany
Progressive taxation in Germany is a system where the tax rate increases as income rises. This approach aims to redistribute wealth and reduce inequality. Higher earners pay a higher percentage of their income in taxes compared to lower earners. The German government uses a progressive tax scale with several tax brackets. Individuals who earn more are placed in higher tax brackets and pay a higher rate. This system allows the government to provide social services and support for those who need it most. Progressive taxation is seen as a way to create a fairer society and ensure that everyone contributes to the overall well-being of the country.
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