4 ms·
You need to subtract the tax rate, not add it.
by weberer 2y ago
You need to subtract the tax rate, not add it.
- impossiblefork 2y agoNo. In order to compare a wage to GDP one should calculate the amount of money that the employee actually costs the employer. So tax is in. I need to compare the same kinds of things. The American numbers are also pre-tax. Here in Sweden though, the fully pre-tax numbers are rarely reported. Rather, what is reported is the wage minus a 1-1/1.3 tax, so I have to reverse that tax by multiplying by 1.3.