Increase social security contributions for high-income earners, advocates left-wing party. - Advocates of Leftist ideology propose increased social contribution rates for higher-income individuals.
Saxony Calls for Raised Social Contributions from High-Income Earners
Top earners in Saxony are being targeted for a larger share of the financial burden in the state's social system, according to The Left, a political party. Susanne Schaper, the party leader, advocated for high-income earners to pay higher social contributions and taxes, including an inheritance tax.
Schaper emphasized that such measures would not impoverish anyone but instead would enrich the nation as a whole. This move, she argued, is essential to create a fairer society, invest in long-term infrastructure, and sustain the commonwealth.
The party leader shed light on the contribution assessment limits, stating that taxes for pension and unemployment insurance are levied only on annual incomes up to €96,600, while health and long-term care insurance levies apply to incomes of up to €66,150.
In 2022, Saxony reported 499 income millionaires, according to a minor parliamentary inquiry. In comparison, the number of such millionaires in the state was less than half in 2014. The highest-earning individual brought in almost €24 million that year, with an overall gross income of approximately €1.2 billion.
The Left also called for increased tax audits, claiming that only a fraction of multi-million-dollar incomes have been checked, with the rate never surpassing 30% since 2014. With such enormous incomes, the party asserted, it is crucial to ensure that everything is taxed correctly.
Although data on the increase of top earners in Saxony compared to other German states is less direct, Saxony's average monthly gross salary for pharmacists ranks 13th among the German states, indicating moderately lower income levels when compared to regions like Bavaria and Baden-Württemberg.
The Left, historically, advocates for higher taxes on top earners and increased audits to combat tax evasion and ensure fair contributions. These demands often include calls for more progressive taxation, closing tax loopholes, and more rigorous auditing by tax authorities to increase social contributions, which fund public services and social welfare.
- The Left, in Saxony, has proposed an employment policy change that aims to increase social contributions from high-income earners, aligning with their policy-and-legislation stance for wealth-management and finance.
- In the context of politics, Susanne Schaper, party leader of The Left, advocates that this policy change would not only create a fairer society, but also generate revenue for long-term infrastructure and the commonwealth, thus enriching the nation as a whole.
- Furthermore, The Left has called for stricter audits, particularly on multi-million-dollar incomes, as they believe a significant portion of these incomes remain under-taxed, thereby affecting the accuracy of general-news reporting on employment policy, business, and policy-and-legislation.
