That's for a 35.7k salary. I'm talking 6 figure salaries. To get to a 150k NET salary if you factor in income tax, payroll tax, state pension system/insurance, union contributions, and a bunch of other things it becomes 80% of the GROSS cost for the employer.
Income tax alone gets to 55% for higher bands in many countries.
And due to looming pension crisis they are planing to RAISE all these taxes and contributions.
> Income tax alone gets to 55% for higher bands in many countries.
Do you have a list of these countries? The highest I know is 42% for the highest tax bracket, which makes the effective tax rate around 35-38% for most salaries, including the very high ones.
I should've said personal income taxes and contributions not just "Income Tax". There is a nightmare of other things you can see there but effectively it's taxes on personal income.
Employers pay a lot too before this. For example in Spain they pay almost 30%.
Income tax alone gets to 55% for higher bands in many countries.
And due to looming pension crisis they are planing to RAISE all these taxes and contributions.