Tax hikes hit salary earn­ers

Kathimerini English - - Focus -

Af­ter re­tirees were shocked by cuts to their pen­sions on Wed­nes­day, it was yes­ter­day the turn of salary work­ers to be un­pleas­antly sur­prised by their slashed monthly in­comes. Both were due to the new tax rates and the in­creased sol­i­dar­ity levy that have now come into force.

Those earn­ing up to 27,000 euros per year will no­tice a big drop in their salaries, while peo­ple mak­ing more than 41,000 euros/year will see their pay­ment cuts grow big­ger the higher their salary is.

The ex­cep­tion is those on medium in­comes of 27,000 to 41,000 euros per an­num, who stand to get a small in­crease in their salaries.

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