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Old 13.10.2020, 10:41
zyxi zyxi is offline
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Re: Tax implications for 250k salary

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I suspect you are putting gross earnings into the calculator, tax is net of Social deductions, Pension & allow a further 15k deductions to get a better idea.

I don't think so. I enter 250k gross, the calculator then subtracts about 25k for social deductions and pensions (225k net), then subtracts about 9k in professional expenses and insurance premiums (219k net), and applies tax on that amount. The tax of 50k itself is about 20% effective rate (although at 35% marginal, squeezing any further upside).
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