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:
“It seems certain, that though a man, in a flush of humour, after intense reflection on the many contradictions and imperfections of human reason, may entirely renounce all belief and opinion, it is impossible for him to persevere in this total scepticism, or make it appear in his conduct for a few hours.”
—David Hume (1711–1776)
“If you tax too high, the revenue will yield nothing.”
—Ralph Waldo Emerson (1803–1882)