The inflation wave in combination with the record inflation of the last no less than 11.1 percent affects everyone. The government is countering this with aid packages to remove wage and income tax payers from the “line of fire”. We tested how the Treasury Department’s aid calculator, which has just been updated, calculates your “personal savings” and which bonuses will get you the most.
The federal government is providing the help that is needed, explains Finance Minister Magnus Brunner (ÖVP). Because: “Maintaining purchasing power is now a top priority.” It is all too easy to lose sight of the multitude of measures such as family premiums, eco-social tax reform, regional climate premiums, anti-inflation premiums and the like Yes, take advantage of the abolition of cold progression that has already taken place.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
