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A comment on Portugal seeks to become low-tax haven for young people. Parent comment

Re:Portugal seeks to become low-tax haven for young people by johngladtj on Thursday October 10, 2024 @06:45PM (#41804343)
If you're counting that you should add the +30% for social security in Portugal as well.

Straight up if you actually do the math and count every tax paid directly a d indirectly someone making minimum wage has a effective tax rate above 60%

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Re:Portugal seeks to become low-tax haven for young people by Aerroon on Thursday October 10, 2024 @07:44PM (#41804718)
That's only true if you take into account VAT as well though.

But you're right, the big taxation items in Europe are not the income tax, but the "social tax" and VAT. The first is added as a payroll tax (>30% in some places) and the second is basically a sales tax on every purchase (>20%). These two tax items alone add up to a crazy percentage of your income.

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