The general understanding seems to be that Germany is one of the highest-taxed countries in the world. Is that so? 🤔
Axel checks in this video the REAL tax rate with the average salary in Germany, the top 10%, the top 5%, and the top 1% of all German earners. The REAL tax rate is determined by mixing the AVERAGE income tax rate with the MAXIMUM income tax rate of a person's taxable income.
Find out everything about taxable income, gross vs net salary, and maximum vs average income tax rate in this video.
Read the full article on our website:
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Calculators Axel mentioned:
Gross salary & net salary calculator:
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Official income tax calculator:
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00:00 Is Germany The Highest Taxed Country In The World?
00:45 Average Earner In Germany: Maximum & Average Tax Rate
01:35 Taxable Income Vs Gross Salary Vs Net Income
02:49 Maximum Tax Rate & Average Tax Rate Explained
03:51 Top 10% Earners In Germany: Maximum & Average Tax Rate
04:43 Top 5% Earners In Germany: Maximum & Average Tax Rate
05:22 Top 1% Earners In Germany: Maximum & Average Tax Rate
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How Much Taxes You Really Pay In Germany | PerFinEx Taxes
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