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Austrian Chamber of Labor: Loss in Real Income at 1.5%
Between 2000 and 2010, the average inflation and tax-adjusted net income was down by 1.5% in Austria, AK (Austrian Chamber of Labor) says.
Austrian Chamber of Labor: Loss in Real Income at 1.5% / Picture: © Vindobona.org
Today, AK presented a study on the development of the real net income. Real income is declining since 2000, AK underlines. Above all, the low-income earners were mostly affected. In the same time, labor productivity was up by 8%.
According to AK, the declining real income is also due to the tax progression. If the income tax would have risen proportionally, tax intake had been…
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