Posted on 01/12/2017 12:31:29 PM PST by Berlin_Freeper
Germany's federal government posted a budget surplus of 6.2 billion euros ($6.60 billion) last year, helped by a strong economy and low borrowing costs, senior government sources said on Thursday, adding they wanted to use the windfall to amortize debt.
It is the third consecutive year Europe's biggest economy has not needed net new borrowing. The 2015 federal surplus was 12.1 billion euros, said the sources.
"We want to suggest to the lower house of parliament that this money is used for amortizing debt," said one senior government source.
(Excerpt) Read more at reuters.com ...
Give it back.................
Man! What’s wrong with this picture?
Also, “helped” by shirking their NATO dues. Lovely.
Wow—what’s that like?
The USA federal government under Balanced Budget Barack has done as follows:
On 12/31/2015 the national debt was 18,922,179,009,420.89 and on 12/30/2016 the national debt was 19,976,826,951,047.80 or 1,054,647,941,626.91 higher than a year earlier. See https://www.treasurydirect.gov/NP/debt/search?startMonth=12&startDay=27&startYear=2016&endMonth=01&endDay=03&endYear=2017 and https://www.treasurydirect.gov/NP/debt/search?startMonth=12&startDay=27&startYear=2015&endMonth=01&endDay=03&endYear=2016 for direct links to the government data on this.
They should spend it on more refugees. /s
Hmmm...lemme see...Gasoline is 6 bucks a gallon, electronics cost double what they do in the US, tax on car stereos, tax on TV usage, kindergeld to all children, 50% income tax, 17% VAT mehrwertsteuer on everything except supermarket food. Hmmmm...
“use the windfall to amortize debt”
That’s why their cost of borrowing is about 1/10th of ours.
Yes, we pay about ten times the interest for money the US borrows- and we borrow a lot.
I forgot...7 bucks for a pack of cigarettes. Cigars are double what they should be, and no one can afford private health insurance so you have to wait 2 to 4 hours or more to see a doctor!
Germany will need that and then some to support the million migrants
they have allowed in their country.
A surplus means they’re not giving enough to the invaders.
Income tax rate in 2015
No income tax is charged on the basic allowance, which is €8,354 for unmarried persons and €16,708 for jointly assessed married couples. Beyond this threshold, the marginal tax rate increases linearly from 14% to 24% for a taxable income of €13,469 (€26,938 for married couples). In the subsequent interval up to a taxable income of €52,881 (€105,762 for married couples), the marginal tax rate increases linearly from 24% to 42%. The last change of rates occurs at a taxable income of €250,730 (€501,460 for married couples) when the marginal tax rate jumps from 42% to 45%.Deductions
German income tax law allows a considerable number of taxpayer’s costs to be deducted from income when computing taxable income. This applies in particular to costs immediately related to earnings. Apart from this, other costs are also deductible, e.g., certain insurance payments, costs incurred by sickness, costs for home help, and maintenance payments. In addition to the possibility of deducting costs, there are also numerous allowances and lump-sum amounts which reduce taxable income, e.g., an allowance for capital earnings currently at €801 (€1,602 for married couples) and a lump sum of €1000 (earnings in 2011 or onwards) is deducted from income from employed work.
Make an appointment. Quit smoking and see the doctor less.
Now they should contribute 2.2% to NATO as required, right now its 1.2%
I know you put the /s on your post, but they probably will.
did anyone else’s bs radar just come on?
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