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German Tax Cuts Fail to Offset Increased Social Security Contributions, Leading to Income Losses
A Datev analysis reveals that despite recent tax cuts in Germany, most employees will face income reductions in 2025 due to increased social security contributions and higher contribution assessment ceilings, outweighing the tax benefits.
German Tax Cuts Fail to Offset Increased Social Security Contributions, Leading to Income Losses
A Datev analysis reveals that despite recent tax cuts in Germany, most employees will face income reductions in 2025 due to increased social security contributions and higher contribution assessment ceilings, outweighing the tax benefits.
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