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:
“I have often thought that if photography were difficult in the true sense of the term—meaning that the creation of a simple photograph would entail as much time and effort as the production of a good watercolor or etching—there would be a vast improvement in total output. The sheer ease with which we can produce a superficial image often leads to creative disaster.”
—Ansel Adams (1902–1984)
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—Bible: New Testament, Luke 18:13.