German finance minister wants to scrap spousal tax splitting
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German finance minister wants to scrap spousal tax splitting
"One speaker made an extremely dramatic plea against what he called the 'culture of death' that has allegedly taken hold in Germany. He linked this to the government's plan to abolish spousal tax splitting."
"In Germany, married couples can choose to have their income assessed jointly by the tax authorities, which benefits couples where one partner earns significantly more than the other."
"Lars Klingbeil thinks spousal splitting is outdated and costs the state too much, with potential costs of up to 25 billion euros per year."
Thousands gathered in Munich to protest against abortion and assisted suicide, with a speaker condemning the 'culture of death' in Germany. The protest was sparked by the government's proposal to abolish spousal tax splitting, a tax regulation that allows married couples to assess their income jointly. This system benefits couples with significant income disparities, particularly where one partner earns much more. The vice chancellor, Lars Klingbeil, argues that spousal tax splitting is outdated and costly, with potential expenses reaching up to 25 billion euros annually.
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