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:
“Throughout human history, the apostles of purity, those who have claimed to possess a total explanation, have wrought havoc among mere mixed-up human beings.”
—Salman Rushdie (b. 1948)
“People buy their necessities in shops and have to pay dearly for them because they have to assist in paying for what is also on sale there but only rarely finds purchasers: the luxury and amusement goods. So it is that luxury continually imposes a tax on the simple people who have to do without it.”
—Friedrich Nietzsche (1844–1900)