Short calculation of income tax on GbR profit.
May 9, 2019 | 50,00 EUR | answered by Steuerberater Bernd Thomas
The question is, on whom it is best to allocate the profits from a GbR and who should be taxed on it. For this, we need to calculate the income tax for 2 persons.
Profit of the GbR: 40,000 EUR
Person A) Tax class 1, employed with a gross salary of 121,000/year, no children, no church tax
Person B) Tax class 3, self-employed with 1 child, no church tax, gross salary of 14,000/year
The question is: Please calculate how much the income tax would be if the profit of 40,000 EUR is allocated to Person A). And also calculate how much the income tax would be if the profit of 40,000 EUR is allocated to Person B).
Dear inquirer,
I am happy to answer your inquiry based on the information provided in the initial consultation on frag-einen.com. The response is based on the facts you have provided. Missing or incorrect information can affect the legal outcome.
Since the exact tax circumstances, especially deductions and extraordinary expenses, are not known, only an approximate estimate can be given. The effects of trade tax are not taken into account as there is no information regarding whether trade tax is applicable and, if so, at what rate. However, the trade tax is partially offset by tax relief, so the impact is minimal.
Person A would be taxed on their income at a rate of 42% plus a 5.5% solidarity surcharge. Therefore, the approximate tax burden would be €17,500 calculated as €40,000 x 42% x 1.055.
For Person B, deductions and other factors would come into play, so I estimate the taxable income including the GbR profit to be €48,000. Since tax class III is specified, I assume a married sole earner who can benefit from splitting the income with their spouse. This would result in an average tax burden of around 15% plus solidarity surcharge. Therefore, the tax burden would be approximately €6,500 calculated as €40,000 x 15% x 1.055. If the wife has her own income, the tax burden would increase accordingly.
Best regards,
Bernd Thomas
Tax advisor
Dipl.-Kaufmann (FH) Bernd Thomas, Tax advisor, Neustadtswall 85, 28199 Bremen, Email bernd.thomas@yahoo.de, VAT ID No. DE316948369, Member of the Hanseatic Chamber of Tax Advisors Bremen, Registration number 111705, Professional liability insurance with R+V General Insurance AG, Mittlerer Pfad 24, 70499 Stuttgart, Insurance amount: €250,000 for each individual claim; Annual maximum amount: €1,000,000 (for all claims in an insurance year)
