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And if go eg. Germany. Ridiculously, without kids, it's nearly more beneficial to go on unemployment support there. Since, when working, you blow like 50%+ on t
by Fokamul 2y ago
And if go eg. Germany. Ridiculously, without kids, it's nearly more beneficial to go on unemployment support there. Since, when working, you blow like 50%+ on taxes.
- throwaway2037 2y ago50% effective or marginal? During discussions, only effective is useful. According to the PWC page: https://taxsummaries.pwc.com/germany/individual/taxes-on-personal-income https://taxsummaries.pwc.com/germany/individual/taxes-on-per... Marginal tax rate is 42% on the first EUR after 278K. That would astonishingly high total income in Germany. There might be some remaining solidarity tax from the reunification, but I cannot see how you get to an effective tax rate of 50% on 100K income, which is considered excellent in Germany. Can you share a worked example how effective tax rate can be above 50%?
- ongy 2y agoKinda useless to reply to a throwaway after 5h but let's see 1. Minor mistake. 42% marginal is at 60k~ish, the 278k number is 45% 2. The effective income tax rate around 100k is in the area of 25%. When there's numbers thrown around above 40% they usually include the 19% sales tax, CO2 tax etc. it's a slightly odd number including government induced cost.
- throwaway2037 2y agoVAT is never included in income tax comparisons. So, please tell me: How do you get to 50% effective tax rate in Germany with anything less than a ridiculously high income, like 250K EUR+?