4 ms·

what do you mean by wrong bracket? According to wiki Sweden has progress tax income.

• tored 5y ago
  Yes, but depending on your yearly income there is another tax separate from the normal income tax (inkomskatt), if you earn more than 523 300 SEK you also need to pay "statlig inkomstskatt" at 20% for everything above that rate. And previous year 2020 was the first tax year without värnskatt, an extra 5%, ie 25% total, for everything above 703 000 SEK. It was abolished 2019.
  • mnouquet 5y ago
    Oh my god, a $100k salary would be taxes at 42%, plus a 25% VAT on general spending, that's just insane...
    • mmarq 5y ago
      In the UK you pay 60% on anything between 100K and 125K, then it goes back to 40%. Above 150K it goes to 45%. This is only the income tax. National insurance would be 2% at those income levels.
      • mr_gibbins 5y ago
        Not to be a dick but what's your source on that? I understood it to be 40% up to 150k, not 60% as per https://www.gov.uk/guidance/rates-and-thresholds-for-employers-2021-to-2022 https://www.gov.uk/guidance/rates-and-thresholds-for-employe...
        • mmarq 5y ago
          In the UK you don’t pay taxes on the first 12500£ you earn in a tax year. This is the income tax allowance. For each 2£ you earn above 100K, your income tax allowance is reduced by 1£. At 125K, your allowance reaches 0. The result is that between 100K and 125K your marginal tax rate is 60%. At 125K it goes back to 40%.
          • mr_gibbins 5y ago
            Wow - thank you for this, TIL.
    • chupy 5y ago
      In Belgium, you can get to 50% tax on that 100K + 21% VAT on normal goods (6% on food).
    • originalvichy 5y ago
      The only "good" part is that even managers in the Nordics have the same work-life expectations as the workers. Of course there are some managers who take work home more than others but unless you are in the C-level you can tell anyone who tries to make you work more than the usual 37,5-40h a week to kindly fuck off.