In view of the rate of inflation, it is essential that tax levels are largely automatically adjusted to inflation.
According to Kucsera, however, the government still has to tighten “further tax screws”, also because of falling household budgets as a result of rising energy prices. Targeted help is needed, not a watering can principle. Across Europe, the labor factor is only taxed more heavily in Belgium and Germany than here.
According to Agenda Austria, anyone who earns EUR 50,000 gross per year is in the top quarter of those earning a living in Austria. This group pays three quarters of the income tax. With around 70,000 euros gross, one is one of the top 10 earners. These pay more than half of the total income tax. (Rome)
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