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That's true of most countries, and it's much lower than it used to be, mid Cold War UK and US top tax rates were 85 and 90 just for income tax. Now top tax rate
by tobylane 15y ago
That's true of most countries, and it's much lower than it used to be, mid Cold War UK and US top tax rates were 85 and 90 just for income tax. Now top tax rate is 50, but then you have National Insurance (NHS) and so on. If you buy something pre-tax you can save over 60%.
- StavrosK 15y agoThat's for top tax rate, though (over 100k, in Greece). I'm talking about the more average salaries, about 45k gross, which comes out to about 1700 EUR/mo net (after just income tax and insurance payments). Taxes on cigarettes, gas, etc are still absurdly high (something like 80% of the price of cigarettes is tax, if I remember correctly).