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Most likely, but taking into consideration taxes the decrease could be smaller. Some countries have progressive income tax. So it depends on salary, but it coul
by tukum 11y ago
Most likely, but taking into consideration taxes the decrease could be smaller.
Some countries have progressive income tax. So it depends on salary, but it could be that by working 20% less you receive only 15% less.
- throwaway7767 11y agoHit the nail on the head. We have a progressive income tax here. The 20% comes from the part of my salary that gets the higher tax bracket. So in fact the decrease in amount I get paid is quite a bit less than 20%. I also suggested this change at the yearly salary interview during which I negotiated a 10% raise. So really the amount I get paid each month didn't change all that much.