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Ah, the taxman, how could I forget thee! It'll be around ~51.3% in Sweden incl. the VAT.
by ashleyw 16y ago
Ah, the taxman, how could I forget thee! It'll be around ~51.3% in Sweden incl. the VAT.
- jacoblyles 16y agoI'm not sure how Notch has his affairs organized, but the corporate tax rate over there is only 26%. I remembered to check this because all European countries have lower corporate tax rates than America.
- wlievens 16y agoCorporate tax rates are way lower but personal income tax rates are significantly higher. So if he pays all of that money as salary to himself, that 50% number is quite realistic.
- jacoblyles 16y agoI'm assuming he will keep at least part of his money in a corporation to develop his game.