throwAwayGerman
throwAwayGerman on Hacker News
Re:Germany begins 3-year universal-basic-income trial
on Wednesday August 19, 2020 @03:25PM (#24215012)
It's net income.
Re:Germany begins 3-year universal-basic-income trial
on Wednesday August 19, 2020 @03:11PM (#24214802)
Some context: In Germany one would need to earn around €135k (about $160k) annually for a monthly net income of €6.1k. You would have to pay around EUR 45k in income tax (incl. "soli"), 3.4k "church tax", 5.5k in health + care insurance, 7.7k pension insurance, and 1k in unemployment insurance.