2 ms·
Hah! Belgium, world tax champion, can do better than that! You have a salaried job. You set up a side gig after working hours. After business expenses, you pay
by markvdb 7y ago
Hah! Belgium, world tax champion, can do better than that!
You have a salaried job. You set up a side gig after working hours. After business expenses, you pay:
* (depending on the province) ~100€/year of flat rate provincial tax, regardless of income
* 22% of independent contractor "solidary contribution", for which you get _literally_ nothing in return
* if you have a somewhat decent paying main job, ~53.5% federal and local tax
No wonder so many people's side gigs here either go unreported or show zero profit...