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Austria: Tax Burden Lessens With Higher Income

Published: March 26, 2013; 16:42 · (Vindobona)

According to an OECD study only three industrialized nations (Austria, Germany and Spain) show a degressive tax system.

Austria: Tax Burden Lessens With Higher Income / Picture: © Wikimedia Commons / Pferdeliebe [CC BY-SA 4.0]

Austria is one of only three industrialized countries where top earners have a lower tax weight than the middle class. This is the result of an OECD study which was published in a special analysis on Tuesday for the annual tax report “Taxing Wages”. Only Spain and Germany show a similar tax system, yet, to a lower extend. The reason behind this is because the social insurance…

This article includes a total of 226 words.

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