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Re:Ask HN: Software Engineer hitting 40: what's next? by rsj_hn on Sunday November 28, 2021 @07:44AM (#29368499)
Yes, I agree that the tax burden is heavy in Sweden. I'm pointing out that with a 25% VAT and a top bracket of $60K, that burden is not nearly as progressive as, say, the U.S., where brackets go from 10% for $10K to 37% for 523K (after deductions). Whereas in Sweden, you pay 32% at $1800 and then 52% at $60K and you stay at 52% (again, after deductions).
Re:Ask HN: Software Engineer hitting 40: what's next? by huckr on Sunday November 28, 2021 @09:00AM (#29368944)
Just so that we are clear, the 52% income tax is after 30% has already been paid in withholding tax.
Re:Ask HN: Software Engineer hitting 40: what's next? by rsj_hn on Sunday November 28, 2021 @11:30AM (#29370211)
Yes!