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%.
How much income tax do you have to pay?