Effective tax bill set to rise to 59% of salary for higher earners

Within three years, taxes will take up 59% of the income of people earning twice and three times the national average, the Financieele Dagblad reports on Friday.

This is up from the current 52% and is due to changes in tax reductions for the better off announced in this week’s budget. The FD bases its claims on calculations by tax experts and Christian Democrat MP Pieter Omtzigt.

In total over two million people earning more than €56,000 will start paying more tax from next year. 

By 2016, people earning more than €100,000 a year will have to pay an extra €3,500 a year in tax, the paper said.

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