Germany's Tax Structure and System

However, Germany’s healthcare system seems to be different when compared to the United States healthcare system because of their universal health coverage for all residents who qualify. The fact that remains similar to the U.S. is the conception of by law all residents have to carry health coverage either by a public or private insurance provider.

In 2010 Germany became the 3rd most important countries in exporting goods in the world. some of their most famous are automobiles. germany produces 5.2 million cars a year. These companies consist of companies like Mercedes-Benz and Porsche. Germany make over $1.337 trillion a year. Over 80 percent of Germany’s land is used for agriculture and forestry. In the western, the number of farms decreased dramatically between 1949 and 1997 because of machinery and economic jobs opened up and offered more money. sence Germany's has a very diverse landscape types of produce agriculture will change from region to region. Like in the east of germany, where normally s is flat, plants such as Cereals and Sugar Beets are grown.Fruit orchards and vegetable farms surround almost all large cities. In the south and western part river valleys make great places to grow Rhine.Germany is probably most known for its beer industry. Though it isn't only made in Bavaria it is where most of all the beer is made. Germany is one of the world's biggest producer of agricultural

A medical expense does not have to relate to a particular ailment to be deductible.

There shall be allowed as a deduction the expenses paid during the taxable year, not compensated for by insurance or otherwise, for medical care of the taxpayer, his spouse, or a dependent (as defined in section 152 , determined without regard to subsections (b)(1) , (b)(2), and (d)(1)(B) thereof), to the extent that such expenses exceed 7.5 percent of adjusted gross income.

Since the end of the second world war, Germany has had undeniable economic performances. Unlike its european counterparts, It has extremely low unemployment, record trade surpluses and a healthy public accounts. However, the fact remains that the long term outlook of its population is less positive as its population continues to decline while the portion of the its aging population surpases the younger part. Demographic trends in Germany and France appear to be divergent. The two countries seem to be in a radically different situations. Germany has a population of 82,175,684 inhabitants. (statistik-portal.de).

Only the part of medical expenses that exceed 7.5% of the amount on Form 1040, line 38 is deductible. To the extent you were not reimbursed, you can deduct the amount you paid for:

Germany has a market based health system. They have universal health care that covers medical, dental, mental health and even homeopathy. Insurance companies cannot make a profit from insured customers. Therefore, the price for insurance is negotiated between the government and the Insurance provider. Like any other healthcare system there are

IRC Sec. 213(a) states that “there shall be allowed as a deduction the expenses paid

1.Social: Germany and the United States have vastly different social structures that affect their respective citizens immensely. From analysing the various social differences presented in the documentary “Where to Invade Next,” by Michael Moore, one can deduce the differences in the quality of life between Germans and Americans.

There are numerous tax deductibles in the USA. When filing tax returns, it is advisable to take advantage of these tax deductions because they will save you a lot of money. For instance, most of the medical expenses are tax deductible. If the expenditure on your health and other activities involving health exceeds the standard deduction of the year, you should itemize them in your tax returns.

First, the payment must be paid in connection with creating a business. Within the past year you have incurred several expenses in connection with starting the business: (1) $1,000 of your own money as a down payment on the truck; (2) a $49,000 loan for the truck; (3) $750 for the lemonade maker; and (4) $1,500 on lemons, sugar, and boba tea.

There are a lot of of differences when it comes to comparing two nations together, there is a lot to think about. For example what could we compare? You could compare money intake for each household, you could just compare two nations just using something as simple as culture or maybe race. When comparing Germany to America you still have a lot of differences like the fact that in Germany you are legally allowed to drink and gamble anywhere in Germany at the age of 18. Germany has very small families, most families in Germany only have one kid, a big family would be considered at around maybe 2-3 people.

Germany’s health care system pays for not only healthcare basics but also dental, optical, mental health. They will also pay for alternative therapies like homeopathy, to go to a spa, and more. The healthcare system is highly accepted by the German population. Pregnant women pay nothing for their care, while most Germans have a co-pay of $15 dollars once every 3 months for their doctor visits (Saul, 2014).

Tax system is a legal system of imposing and collecting taxes from the citizens of the country. As it has been stated by Albert Einstein, the hardest task in the world is to understand the tax system of a country. The United States’ tax system is so complicated that its tax code contains almost 3 million words and 6,000 pages. Moreover, the taxes implied by city and state governments add more complexity to the federal taxation system. In this case, we do not need to understand the complexity of tax code system in order to get acquainted with the significant role of taxes in American society.

“Benefits available through payroll deductions are classified as two types (mandatory or voluntary” (Personnel Handbook, 2008). Mandatory deductions are required by law. The mandatory reductions are federal income tax withholding and state income tax withholding, teacher’s retirement, public school employees retirement, social security/old age, survivors death insurance tax, and Medicare tax. “All full time employees have the opportunity to elect to participate in voluntary deductions” (Personnel Handbook, 2008). Some of the voluntary deductions include dental insurance, credit union, disability insurance, life insurance, medical/hospitalization, and etc.