Total Tax
The total tax is the sum of the taxes in the three boxes, minus EUR 2,043 (less for 65+), a tax credit not to be confused with a tax deduction; see also Heffingskorting (in Dutch)http://nl.wikipedia.org/wiki/Heffingskorting. The resulting amount of tax may be less than zero, in which case the amount is paid out, provided that one has a spouse and the tax of both together is not less than zero.
Read more about this topic: Income Tax In The Netherlands
Famous quotes containing the words total and/or tax:
“Unlike Descartes, we own and use our beliefs of the moment, even in the midst of philosophizing, until by what is vaguely called scientific method we change them here and there for the better. Within our own total evolving doctrine, we can judge truth as earnestly and absolutely as can be, subject to correction, but that goes without saying.”
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“To tax and to please, no more than to love and to be wise, is not given to men.”
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