Report Says Greece’s Middle Class Pays 51% of State Revenues

February 22, 2020

ATHENS – Greece’s middle class – which the former ruling Radical Left SYRIZA admitted deliberately over-taxing to benefit the more vulnerable – pays 51 percent of all the money collected by the state.

That was based on figures released by the Hellenic Federation of Employers (SEV), based on data from the national statistical authority ELSTAT said the business newspaper Naftemporiki, showing a pattern of deliberately going after the middle class to put the burden on them during a near decade-long economic and austerity crisis.

Successive Greek governments, including a former New Democracy-PASOK coalition, pounded the middle class with an avalanche of tax hikes, as well as pay and pension cuts, as part of terms to get three bailouts of 326 billion euros ($352.53 billion.)

The middle class pays just over one of every two euros the state collects, compared toi 39.3 percent before the crisis began late in 2009 with governments shying away from taxing the country’s billionaire-class shipping tycoons.

Former premier and SYRIZA leader Alexis Tsipras swore he would put a 75 percent tax on the rich, tax the shipping owners and “crush the oligarchy,” but – like other prime ministers before him, also backed down, putting the burden on workers, pensioners and the poor.

At the same time, the higher-income classes reportedly shrunk over the same period, both in terms of numbers and reported income, down to at 38.1 percent, down from 50 percent before the crisis.

According to the report, even higher tax rates were enacted in 2016, while tax-free ceiling left annual reported incomes below 10,000 euros ($10,814) untouched,d leading many self-employed and even professionals, such as doctors, saying they made less than that so they could avoid being taxed.

Many of Greece’s wealthy also hide their income in secret foreign bank accounts driving up the total due to state as high as 80 billion euros ($86.51 billion,) most of it deemed uncollectible and no government yet able to rein in tax cheats.


With the COVID-19 pandemic all but forgotten - despite still hospitalizing and killing people - tourists in 2023 returned to Greece in such numbers the sector is on a path to break records set in 2019 before the Coronavirus struck.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.


Lebanon’s Christians Feel the Heat of Climate Change in Its Sacred Forest and Valley (Vid)

BCHARRE, Lebanon (AP) — Majestic cedar trees towered over dozens of Lebanese Christians gathered outside a small mid-19th century chapel hidden in a mountain forest to celebrate the Feast of the Transfiguration, the miracle where Jesus Christ, on a mountaintop, shined with light before his disciples.

MANCHESTER, England (AP) — Pep Guardiola's confidence in Manchester City remains unshaken even after a three-game winless run.

MANCHESTER, England (AP) — After reports of player unrest, Manchester United barred journalists from a pre-game news conference with Erik ten Hag on Tuesday as the Dutchman spoke ahead of a latest crunch match for his troubled team.

NICOSIA - Cypriot President Nicos Christodoulides, during a visit to Egypt and Jordan, was expected to seek support for the idea of his island country being a conduit for humanitarian aid to Gaza during Israel’s hunt there for Hamas terrorists.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.