The Spanish government has decided to increase the income tax for the highest earning workers.
For earnings above 120.000 euros annually, the new tax percentage will be 44 %, up one percentage point. For incomes higher that 175.000, the new tax is going to be 45 %, raised by two percentage points.
The government also approved a raise in the minimum pensions by 1 % in 2011. Other pensions remains freezed in order to save money, as economy ministry Elena Salgado explained these past days.
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