Newspaper: More and more pensioners have to pay income tax – Extreme News

Created at 25/04/2016 to 07:04 by Thorsten Schmitt

photo: GG-Berlin / pixelio.de

more and more pensioners in Germany have to pay income tax. Alone with the strong increase in pensions from July 1 this year would 160,000 pensioners first tax, according to a letter from the Federal Ministry of Finance to the Bundestag, from the quote newspapers Funke Media Group. After this pension increase then a total of about 4.4 million retirees would used in 2017 for income tax – which is already more than one in five of the 20 million retirees

<. p> the background is the pension increase to 4.25 percent in the west and 5.95 percent in the East on July 1. The state takes Only by this increase next year 720 million euros in addition to taxes, it said in the letter. The pension tax applies since 2005 a first small but growing group annually retirees.

Who 2005 retired, the pension is only half the tax included, for the current pensioners-Year 2016 sprint 72 percent. But a basic allowance of 8,652 euros will be deducted from this amount that remains tax-free – for married couples, there are 17,304 Euro. Who is it, must file a tax return, but can settle issues about for pension or medical expenses.

In return for tax burden, the pension contributions of workers are exempted increasingly from income tax

Source:. Dts News Agency