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| || |So you are new then you have PAYE. This is called Quellensteuer in Switzerland. For this you can forget all the nice calculators. You are taxed from a table. So lets assume you earn 65000, are a declared Catholic, single, without children and live in Zürich. Then your tax rate is 7.21% and your tax bill will be CHF 392. This is based on a monthly salary of CHF 5402. If you are not religious have children are married then the rates vary accordingly. You can find the tables here:
If you are in another canton then they too will have their tables and you can usually(if not always) find them in the website of the cantonal tax office.
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Oh lordy. Now I have three different calculations to compare! There's also the new Credit Suisse calculator at https://calculators.credit-suisse.co...calculator=tax
as well as the FTA's at http://www.estv.admin.ch/e/dienstlei...uerrechner.htm
. Hilariously, they all give different results.
Let's say I'm earning CHF120,000 a year, married, no kids, no church and live in 8002. So federal taxes are CHF294/month.
If you use the tables published by the Kanton this means my cantonal tax is 825/month for a total of 825 + 825*1.22 + 294 = CHF2125.50/month.
If you use the Credit Suisse calculator the total number is 18609/yr i.e. CHF1550.75/month.
If you use the FTA's the number is 14550 i.e. CHF1212.50/month! They seem to invent a pile of deductions. If you fake a higher salary to offset this (turns out the right number to give it is 136,000) the result is 18305 i.e. CHF1525/month which validates Credit Suisse's result.
Being a pessimist and going on Richard's advice I would do initial financial planning on the worst-case number.
Incidentally, being an Australian currently earning the same figure in AUD i.e. AU$120,000/yr, my current tax burden is AUD2774/month. Divide this by the OECD's current CPL* ratio for AUD:CHF (1.23) and you get CHF2255. Which is pretty close - and that's surely no surprise to the economists in the audience.
This suggests that my quality of life would be roughly the same as a result, at least it should be for the indicators that economists care about!
I'd appreciate it if someone numerate could run their eyes over my numbers to validate them.
* Dec '07 OECD PPP Comparative Price Levels are at http://www.oecd.org/dataoecd/48/18/18598721.pdf