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His company (Mojang Specifications) is a sole proprietorship, so the tax situation is interesting (i.e. most of it is taxed as personal income, and Sweden has a
by studer 16y ago
His company (Mojang Specifications) is a sole proprietorship, so the tax situation is interesting (i.e. most of it is taxed as personal income, and Sweden has a progressive tax system, and he has to pay insurance contributions as well). I can understand why he's scrambling to establish a real company :)
- barrkel 16y agoIndeed, a quick glance at online calculators indicates it's pretty horrific, i.e. that he'd be lucky to see more than 35% of gross, assuming that sole props get whacked for employer taxes too, which I'd expect to avoid a simple loophole.