May 7, 2021

rates

Top Personal Income Tax Rates in Europe

Most countries’ personal income taxes have a progressive structure, meaning that the tax rate paid by individuals increases as they earn higher wages. The highest tax rate individuals pay differs significantly across European OECD countries—as shown in today’s map.

The top statutory personal income tax rate applies to the share of income that falls into the highest tax bracket. For instance, if a country has five tax brackets, and the top income tax rate of 50 percent has a threshold of €1 million, each additional euro of income over €1 million would be taxed at 50 percent.

Denmark (55.9 percent),

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No-fault repeal will raise insurance rates. Period.

As the debate over repeal of Personal Injury Protection (PIP) insurance continues inside the Capitol, legislators are on the precipice of making a costly error, resulting in higher rates and more litigation, and benefiting the state’s trial lawyers at the expense of Florida drivers.

The fact is that PIP repeal will raise insurance rates for consumers. Period.

Why? Because auto related litigation will increase, the size of awards will increase, and because the coverage that would replace PIP will cost more. These are not speculative statements; they are the facts based on what has happened in other states where PIP

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Eating a sloppy burger while driving can mean higher insurance rates

Q: We all know how bad distracted driving is, from talking on cell phones to having pets sit on our laps to eating a sloppy burger while behind the wheel. Shouldn’t the penalties be more severe?

Frank Reyes, Hayward

A: Yes, and soon they will be. Beginning July 1 in California, using a handheld phone or texting will also add a point to the driver’s record for each violation within 36 months of a prior conviction. That could increase one’s insurance rates.

The National Highway Traffic Safety Administration reports that nationwide in 2019, 3,142 people were killed in motor vehicle

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In-Depth: Unemployment Insurance rates skyrocket for small businesses

“We were told over and over last year don’t worry that you can’t argue unemployment, you’re not going to get your rate changed next year, we understand it’s a pandemic just go with the flow,” said Kelly Metras, who owns both Salena’s Mexican Restaurant and Nox Restaurant, in Rochester.

Businesses went with the flow as the fund was depleted but now, it’s time to re-fill it and they’re finding out the state isn’t quite keeping its promise. While employers aren’t being dinged more for the number of claims against them last year, in many cases, their minimum base rates are

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New flood insurance rates coming your way | News

The federal government says it has a new way to calculate flood insurance, and you should be able to find out how much you will pay.

Last week, the Federal Emergency Management Agency, after years of behind-the-scenes negotiations, announced a phased-in start for new flood insurance rates. They are calling it Risk Rating 2.0, Equity in Action. It was supposed to take effect last year, but got postponed to this year, and existing policies are postponed until April 2022.

“This new rating system is fiscally sound, fixes longstanding inequities in flood insurance pricing, and improves resilience to climate change,” the

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Florida home insurance rates set to skyrocket

Florida is headed into an insurance crisis. Rates for home insurance are rising, and hundreds of thousands of homeowners may not be able to get a policy at all.

Mandy Wells could be one of them. The Lee County resident is sick of living with a leaky roof.

“[The contractor] said we can get all this all covered for free,” Wells said.

The insurance company didn’t agree.

Experts say contractors like that are part of the reason insurance companies can’t afford to do business here. Two years

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