For a country that already refuses to pay taxes this should work great…
Greeks earning 42,000 Euros to be taxed at top rate under plan – New York News | NYC Breaking News.
Greeks earning more than €42,000 ($55,000) per year will now be taxed at a new top rate of 42 percent, under a major new tax reform bill submitted to the country’s parliament late Thursday.
Under the new guidelines, the 42 percent top tax rate and earnings threshold replaces the previous level of 45 percent for incomes above €100,000 ($130,770). The new rate is part of a simplification of the country’s tax rules. There are currently eight tax bands ranging from 18 percent to 45 percent. These will be replaced by three tax rates: 22 percent, 32 percent and 42 percent.
