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70%? How do you come up with that? It's roughly 40.5% for most middle class people. If your salary is 4,000€ per month, you get wired 2,380€ to your bank accou
by WA 9y ago
70%? How do you come up with that?
It's roughly 40.5% for most middle class people. If your salary is 4,000€ per month, you get wired 2,380€ to your bank account. Income tax, social security contributions, retirement contributions etc. already deducted.
You could add 19% VAT for all purchases on your tax burden, but that's not 70%.
- mrwong 9y agoLike I said its hidden. E.g. my employe pays around 90k for me of which I only see 78k then they apply Tax, pension, healthcare, mandatory unemployment insurance etc, Im left with around 40k. Then i go and spend it and it again gets taxed with 19%. Many products have beeryax, coffetax etc. higest is petrol tax which is 70%. So If i spend 200€ on petrol an month, 70% is tax. I could go on and on. like I said those tax are hidden.