Higher social contributions sought for high-income earners, according to Linke's proposal - Advocates push for increased social contributions from high earners
The Left, a political party in Germany, has called for a greater share of high earners to contribute to financing social systems. Party leader Susanne Schaper stated that those with six-figure incomes should pay increased social contributions and taxes, while also supporting an inheritance tax. Schaper pointed out the contribution assessment limits, which only require payments for annual incomes under €96,600 for pension and unemployment insurance, and €66,150 for health and long-term care insurance.
Schaper's demand aims to make the country fairer, invest in long-term infrastructure, and maintain the commonwealth. In 2022, there were 499 millionaires in Saxony, a significant increase from the 230 millionaires reported in 2014. The Left criticizes that the tax administration only checks a fraction of million-dollar incomes, with the rate falling below 30% since 2014 and dropping to 1% in 2022.
Despite the rising number of income millionaires, Saxony has relatively few top earners compared to states like Bavaria, North Rhine-Westphalia, and Baden-Württemberg. Nationwide, there were 29,345 income millionaires in 2020. However, specific details regarding the Left's demands for higher taxes and more tax audits in Saxony were not provided.
The Left advocates for progressive taxation and increased social contributions as part of its redistributive economic policies to address income inequality. Recent elections saw a resurgence of the party, winning 8.8% of the vote nationally and performing well among younger voters. The Economic situation in Saxony is complex, with the state expecting increased tax revenues due to a one-off effect from the federal financial equalization system.
However, there is no specific mention of the party's role in Saxony regarding tax policies or audits on high incomes. For more information on the Left's specific demands in Saxony, further research or statements from local party representatives would be necessary.
- The Left's call for higher contributions from high earners in Germany extends to their proposed employment policy in Saxony, where they advocate for progressive taxation and increased audits on million-dollar incomes to address income inequality.
- In the context of Saxony's business and political landscape, the Left's finance policy includes proposals for a greater share of high earners to contribute to financing social systems, investing in long-term infrastructure, and maintaining the commonwealth, with a focus on progressive taxation and audit transparency.
