Tax relief would cost 39 billion Euros

( – According to a study by the German Institute for Economic Research, lowering taxes for the middle class would cost 39 billion Euros per year. If the lowest-earning 95 percent of the German population were to be relieved of one percent of their income, the top five percent would have to pay three percent more in taxes, according to the author of a recent study by the institute, Stefan Bach. Indeed, small and medium incomes are to be relieved in the coming legislative period of the Bundestag. This target can be found in election manifestos of all major parties.

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