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I’m not sure which part I’m missing here, but I’m living in Zürich and I pay about 40% taxes, not merely 11%…?
by secure 10y ago
I’m not sure which part I’m missing here, but I’m living in Zürich and I pay about 40% taxes, not merely 11%…?
- misja111 10y agoI'm amazed by this 40% which you and zavandor are paying. I'm living in Zurich as well and I'm not paying even half of that (and no I'm not working as a cashier). If I'm looking at the tax rates of the canton Zurich then the maximum you can be charged for, cantonal and federal taxes combined, is 26.2%: http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/Switzerland-Individual-Taxes-on-personal-income http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/Swit...
- zavandor 10y agoYou forgot municipal tax, which is 119% of cantonal in Zürich. 40% tax rate that I was talking is marginal tax rate, i.e. from a certain and fairly low point the state will pocket 400 Fr in taxes out of every additional 1000 Fr of your income. And then there's 5.1% AHV and other social things on top...
- misja111 10y agoLet's take somebody with an annual income of 200,000 CHF, a well above average income. According to https://en.comparis.ch/steuern/steuervergleich/steuern-im-vergleich.aspx https://en.comparis.ch/steuern/steuervergleich/steuern-im-ve..., the total federal, cantonal and municipal taxes together would be 51,410 CHF per annum, about 25%. That is a lot below any other European country. Maybe you included VAT to come up with your 40% marginal tax rate? But then you should count VAT for other countries as well when you are comparing them. And apart from that, the VAT in Switzerland is also very low.
- zavandor 10y agoWhen that somebody earns 10k more, he'll pay 3948 CHF of taxes on those 10k => 39.48% marginal tax rate.