Higher social contribution rates urged for high-income earners by the Left - Advocates seek increased social contribution levies for high-earning individuals
Top Earners in Saxony Face Higher Social Contributions Demand
The political party The Left is advocating for increased social contributions from high-income earners to help finance social systems. In a statement, party and faction leader Susanne Schaper asserted that those earning six- or seven-figure incomes should pay not only their fair share but higher taxes as well. Additionally, an inheritance tax is necessary.
Schaper stressed that not only would this not impoverish anyone but instead make the nation as a whole wealthier. Such measures, she explained, would create a more equitable country, enable long-term investments in infrastructure, and maintain the functionality of the commonwealth.
The contributions for pension, unemployment, health, and long-term care insurance are currently required only for annual incomes up to 96,600 euros and 66,150 euros, respectively. Any income beyond these limits does not incur additional contributions. In 2022, Saxony reportedly had 499 millionaires.
Schaper had previously requested millionaire data from the state parliament, with complete information available only from the finance ministry up to 2022. As the number of millionaires in the state had consistently risen in recent years, The Left is also calling for increased tax audits of these high-income earners.
According to recent data, there are more millionaires in Bavaria (6,801), North Rhine-Westphalia (6,550), and Baden-Württemberg (4,629) compared to Saxony. The latterregion, however, still boasts a comparatively high number of top earners compared to other eastern German states. The analysis also suggests that the increase in top earners and their social contributions may be more pronounced in wealthier western German states.
A comprehensive comparison of top earners and their social contributions across German states since 2014 would require access to income distribution data from the German Federal Statistical Office, social contribution records linked to income brackets, and economic reports tracking income and social security contributions by region. However, the available search results do not contain specific data or detailed analysis regarding this matter.
- The Left political party proposes increasing social contributions from high-income earners in Saxony, including those with six- or seven-figure incomes, to help finance social systems and make long-term investments in infrastructure.
- As ‘business’, ‘politics’, and ‘general-news’ unfold, The Left also calls for increased tax audits of high-income earners, as they believe implementing such measures can create a more equitable country and maintain the functionality of the commonwealth, while making the nation wealthier and not impoverishing anyone.
