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The income tax on such income must had been like 80%. Assuming CxO's pay income tax in Germany.
by lifestyleguru 2y ago
The income tax on such income must had been like 80%. Assuming CxO's pay income tax in Germany.
- maverwa 2y agoShould be closer to 50%. You hit a lot of limits way before that (sadly). A simple run of napkin math gives 3.7M net from 7M gross. 70k gross nets 43k, 700k gross nets 380k. I would assume 7M gives you more motivation to invest into reducing taxes than 70k do, though.