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Greeks Give Half Their Income To Taxes

taxes1_420_420Forty six percent of Greek citizens’ income will end up in taxes, according to data released by Eurostat. This percentage is one of the highest in the EU list. Sweden tops the list, as the Swedish give tax authorities 56.6 percent of their income.

Greece ranks eleventh following Belgium (53.7 percent), Denmark (55.6 percent), Germany (47.5 percent), Spain (52 percent), Netherlands (52 percent), Austria (50 percent), Portugal (53 percent), Slovenia (50 percent) and Finland (51.1 percent).

Income taxes on natural persons in Greece rose from 45 percent in 2000 to 49 percent in 2012 and, according to data, dropped to 46 percent in 2013.

In the EU-27, the percentages from 44.8 percent in 2000 declined to 38.1 percent in 2012 and rose to 38.3 percent in 2013. In the Eurozone area from 47.1 percent in 2000 dropped to 43.1 percent in 2012 and up to 43.3 percent in 2013.

Meanwhile, the tax revenues expressed in a GDP percentage declined in Greece from 34.6 percent in 2000 to 31.7 percent in 2010 and rose to 32.4 percent in 2011.

On the other side, in EU there is drop from 40.4 percent to 38.3 percent in 2010 and a rise to 38.8 percent in 2011. In the Eurozone, from 40.9 percent in 2000 to 39 percent in 2010 and to 39.5 percent in 2011.

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