Re:My second year without a job
by throwaway2037 on Tuesday December 10, 2024 @08:25AM
(#42376593)
VAT 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+?
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.