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Portuguese IRS: https://github.com/galfarragem/learning-notes/blob/master/notes-portuguese%20tax%20system.md#irs-imposto-sobre-o-rendimento-das-pessoas-singular

Portuguese IRS: https://github.com/galfarragem/learning-notes/blob/master/notes-portuguese%20tax%20system.md#irs-imposto-sobre-o-rendimento-das-pessoas-singulares https://github.com/galfarragem/learning-notes/blob/master/no...

ur-whale 8y ago
So basically, if you make more thank 50k euros per year, you start working for your own benefit around mid-june. Yeah ... pass.
- eclat 8y ago
  Yup.
- andrepd 8y ago
  Yes. Unless you live alone in the woods drawing no benefit from the democratic, rule of law, first-world country you live in, paga e não bufes, which translates roughly to "cough up".
  - ur-whale 8y ago
    There are democratic, rule of law, first world countries that work way better than Portugal in pretty mcuh all areas you care to look at and where the top income tax bracket is less than 30%. This is not about paying taxes, it's when those taxes are essentially wasted by the giant administrative leeches that runs countries like Portugal.
    - andrepd 8y ago
      If you're saying that mismanagement and corruption are issues, then yes, of course you're right. But then again, remind me how much is the top bracket in Belgium? Austria? Germany? Denmark? Sweden? Much better run countries (in superficial evaluation at least), yet all have 50%+ tax rates at the top.
      - Tharkun 8y ago
        Top income tax bracket in Belgium is 50%, but this is after the employer has paid ~30% of that in social security contributions. So your 35K EUR net salary costs your employer roughly 100K (I rounded up, so this is an exaggeration). And you get a whopping 21% VAT rate, a dividend tax of 30%, several other taxes which are seemingly aimed at dissuading people from investing. Oh and there's a corporate profit tax of ~33%. Long story short: run for the hills, don't come to Belgium.
        andrepd 8y ago
        FTFY >Long story short: it's one of the best countries in the world to live in, by almost any metric. Yeah, I'd take that deal.

ur-whale 8y ago

So basically, if you make more thank 50k euros per year, you start working for your own benefit around mid-june. Yeah ... pass.

eclat 8y ago
Yup.
andrepd 8y ago
Yes. Unless you live alone in the woods drawing no benefit from the democratic, rule of law, first-world country you live in, paga e não bufes, which translates roughly to "cough up".
- ur-whale 8y ago
  There are democratic, rule of law, first world countries that work way better than Portugal in pretty mcuh all areas you care to look at and where the top income tax bracket is less than 30%. This is not about paying taxes, it's when those taxes are essentially wasted by the giant administrative leeches that runs countries like Portugal.
  - andrepd 8y ago
    If you're saying that mismanagement and corruption are issues, then yes, of course you're right. But then again, remind me how much is the top bracket in Belgium? Austria? Germany? Denmark? Sweden? Much better run countries (in superficial evaluation at least), yet all have 50%+ tax rates at the top.
    - Tharkun 8y ago
      Top income tax bracket in Belgium is 50%, but this is after the employer has paid ~30% of that in social security contributions. So your 35K EUR net salary costs your employer roughly 100K (I rounded up, so this is an exaggeration). And you get a whopping 21% VAT rate, a dividend tax of 30%, several other taxes which are seemingly aimed at dissuading people from investing. Oh and there's a corporate profit tax of ~33%. Long story short: run for the hills, don't come to Belgium.
      - andrepd 8y ago
        FTFY >Long story short: it's one of the best countries in the world to live in, by almost any metric. Yeah, I'd take that deal.