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That's marginal tax rate. Many people pay an effective marginal tax rate of more than 100% if you include government programs like social housing. In fact, when
by jules 7y ago
That's marginal tax rate. Many people pay an effective marginal tax rate of more than 100% if you include government programs like social housing. In fact, when you earn around €2200/month here, it is possible to end up with net less than if you don't work at all, due to various programs.