Increased demands for elevated social contributions by those with higher income levels - Advocates Push for Increased Social Payments from Higher Income Earners (Left-leaning Perspectives)
Saxony's Top Income Earners Face Calls for Higher Social Contributions
The Left party in Saxony is urging high-income individuals to contribute more towards financing the state's social systems. Party leader Susanne Schaper stresses the need for those earning six or seven-figure incomes to pay "appropriate social contributions" and higher taxes. An inheritance tax is also a necessity, Schaper asserted.
Schaper pointed out the contribution assessment limits, stating that contributions for pension and unemployment insurance are only due for annual incomes up to €96,600, and for health and long-term care insurance, the limit is €66,150. Any additional income remains exempt from contributions.
According to data from the state parliament, there were 499 income millionaires in Saxony in 2022, a marked increase from the 230 reported in 2014. The highest income earner took home almost €24 million that year. In total, income millionaires accounted for approximately €1.2 billion.
The Left also criticizes the tax administration for only scrutinizing a small fraction of million-dollar incomes. Only 30% of such incomes were audited since 2014, with the rate dropping to 4% in 2021 and 1% in 2022. According to Schaper, this is unacceptable, especially considering the large incomes in question.
While the number of income millionaires in Saxony is relatively low compared to other federal states, most millionaires reside in Bavaria (6,801), North Rhine-Westphalia (6,550), and Baden-Württemberg (4,629). Nationwide, there were 29,345 income millionaires in 2020.
The Left's stance for increased social contributions and taxes on the wealthy is consistent with its broader aim of reducing income inequality and funding social programs. Further details about Susanne Schaper's stance or specific policies proposed by The Left in Saxony could not be found in the available data.
The Left party in Saxony, in light of the increasing number of income millionaires, is advocating for higher social contributions and taxes from high-income earners, especially those earning six or seven-figure incomes. This push aligns with the party's broader goal of reducing income inequality and funding social programs, and it criticizes the tax administration for insufficient scrutiny of million-dollar incomes. Financial matters, politics, and general news are all intertwined in this discussion about Saxony's top income earners and the need for increased contributions.
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