I don't know if it's still the case, but bankers used to receive 16 salaries in Austria. The 4 bonus months presumably taxed at the low rate. That said, it's i

I don't know if it's still the case, but bankers used to receive 16 salaries in Austria. The 4 bonus months presumably taxed at the low rate. That said, it's irrelevant if you get paid 14 salaries or 12 salaries that are 1/6th higher and correspondingly adjusted tax/social security rates. It's just a trick to make the "common man" feel better, just like the employer's share of tax & social security. Employees would be outraged if it all came off their (correspondingly higher) paycheck.