The left has raised taxes forty times, the government has cut them eighty times since 2010

A significant difference can be observed based on the data. Supergross, real estate tax, increase in health insurance and pension insurance contributions, VAT increase - these are just a few examples of the more than 40 tax increases of the left-wing government, wrote Finance Minister Mihály Varga in his Facebook post on Wednesday.

On the contrary

Since 2010, Hungary has implemented one of the largest tax cuts in Europe.

The personal income tax rate was reduced from 36 to 15 percent, the tax rate for those under 25 from 36 percent to 0 percent, and the tax rate for mothers with four or more children from 36 percent to 0 percent.

The annual amount of the family tax allowance increased from HUF 12 billion to HUF 980 billion. The public burden deducted from the wages of retired employees was reduced from 49.5 percent to 15 percent - the minister listed the examples. The corporate tax was reduced from 20 percent to 9 percent, the employer tax from 33.5 percent to 13 percent, and the inheritance tax became 0 percent instead of 15-21 percent, added Mihály Varga.

MTI

Featured image: Origo