4 ms·
'disappear' was probably a wrongly used word. It's money that will never be his, the income tax is paid to the government and they use it like any other tax mon
by fekberg 12y ago
'disappear' was probably a wrongly used word. It's money that will never be his, the income tax is paid to the government and they use it like any other tax money.
There are different levels taxation in Sweden if I recall correctly the upper level takes out 70% of the income, that is income earned after $200.000. So if I understand it correctly that would mean he needs to pay $2.660.000 in taxes on those $4 million.
I could be wrong though, but that is my understanding of it. If he's got a corporation where the money goes, that's an entirely different thing. My assumptions are it's a sole proprietorship or equal to that.
- quink 12y agoWikipedia says 57%. And apparently he lives in the UK these days.
- fekberg 12y agoRight, so there's a 57% income tax. But if it's a sole proprietorship he also has to pay the "employer tax" or whatever it is called. I know nothing about taxation in UK, but I guess it also depends on where he has his company (if any) registered. Either way, it's a lot of money even if a lot of it is tax.
- BESebastian 12y agoYeah, he's in Hove, East Sussex. The local rag did a thing about him when he moved here.