Lower Tax Brackets

Our government is thinking of lowering our income tax brackets. Actually, the majority already agreed on this idea. It’s sort of a compensation for lowering the mortgage tax break. We have four tax brackets in The Netherlands.

Tax bracket 1: €0 up to and including €19.645 37% tax (it’s not clear to me whether this will change)
Tax bracket 2: €19.645 up to and including €33.363 from 42% to 38%. (The average Joe in our country earns about €33.000)
Tax bracket 3: €33.363 up to and including €55.991 from 42% to 38%.
Tax bracket 4: €55.991 and up from 52% to 50%.

Good news!

How much income tax do you have to pay?

Love,

Mrs EconoWiser

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5 thoughts on “Lower Tax Brackets

  1. onabudget

    I wonder if the plan goes ahead at all…..
    its to far away and and by that time a lot could change in politics..
    but if it does go ahead Yeahh for us 🙂

    Reply

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