707CMF
Topic Author
Posts: 4698
Joined: Thu Mar 14, 2002 5:39 pm

How Many Months Of Your Salary Disappear In Taxes?

Fri Feb 11, 2005 7:42 pm

I have tried to calculate it, and gosh, it is a lot.

The difference between my gross and net salary is about 20%, which means my net salary is 80% of the gross.

Of those 80%, I pay about 16% of taxes, so what I get to 'keep' is about 67% of my gross salary.

Basically said, I work 12 months of the year, and the State gets back four of these months (and let us not talk about the VAT, fuel taxes, council taxes...)

So. For those of you who are working, how many months of your salary go back to the state ?

Cheers,

707
 
UTA_flyinghigh
Posts: 6304
Joined: Wed Oct 03, 2001 8:46 pm

RE: How Many Months Of Your Salary Disappear In Taxes?

Fri Feb 11, 2005 8:47 pm

Four months ! Bwahahahahahaha !
The state is lucky if it gets one month out of me  Big grin

UTA, with offshore bank accounts
Fly to live, live to fly - Air France/KLM Flying Blue Platinum, BMI Diamond Club Gold, Emirates Skywards
 
levent
Posts: 1589
Joined: Sat Sep 04, 2004 8:11 pm

RE: How Many Months Of Your Salary Disappear In Taxes?

Fri Feb 11, 2005 9:02 pm

Officially, the Kingdom of Spain would get about 24% (or 3 months) of my salary... that´s officially though  Smile/happy/getting dizzy
 
Kay
Posts: 1797
Joined: Fri Mar 01, 2002 3:41 pm

RE: How Many Months Of Your Salary Disappear In Taxes?

Fri Feb 11, 2005 9:34 pm

In Austria, slightly less than 40% of the price of a new car is taxes.

The socialist origins of these countries partially explain the taxes...
In the US, salaries are taxed, but I remember the progressive tax system still being slightly better.
 
air2gxs
Posts: 1443
Joined: Mon Jun 18, 2001 1:29 pm

RE: How Many Months Of Your Salary Disappear In Taxes?

Fri Feb 11, 2005 11:06 pm

It takes me until the middle of March to pay my taxes to the federal government. I also pay 8.25% on the purchase price on everything I buy except groceries. That money goes to the state and local governments.
 
UTA_flyinghigh
Posts: 6304
Joined: Wed Oct 03, 2001 8:46 pm

RE: How Many Months Of Your Salary Disappear In Taxes?

Fri Feb 11, 2005 11:43 pm

In Eire VAT is 21.6% !!! Rhaa !

UTA
Fly to live, live to fly - Air France/KLM Flying Blue Platinum, BMI Diamond Club Gold, Emirates Skywards
 
Superfly
Posts: 37735
Joined: Thu May 11, 2000 8:01 am

RE: How Many Months Of Your Salary Disappear In Taxes?

Sat Feb 12, 2005 1:02 am

How many months pays for the war in Iraq alone?
I get punished by my government for not getting another woman pregnant and being trapped in a misirable marriage.
I am also punished by my government because I don't have an extra $700,000 in my bank to buy a house. That's the going price here in San Francisco.
We renters don't get a tax write off. Singles don't either even though we use the least amount of government services and generate the most tax revenue for the government.
It's social engineering through taxes!  Pissed

[Edited 2005-02-11 17:05:33]
Bring back the Concorde
 
Sabena332
Posts: 14938
Joined: Wed May 09, 2001 3:57 am

RE: How Many Months Of Your Salary Disappear In Taxes?

Sat Feb 12, 2005 1:54 am

When I look on my salary statement, I could puke! In Germany you have to pay ridiculous high income taxes, when I would calculate the yearly amount, I would probably get an heart attack.

Patrick
NZ1's mother is a disgusting crack-whore and his father is a worthless alcoholic!
 
aerosol
Posts: 497
Joined: Mon Oct 23, 2000 10:31 pm

RE: How Many Months Of Your Salary Disappear In Taxes?

Sat Feb 12, 2005 3:01 am

Appr. 5 Months of a year I work for the state....
It sucks!!!
 
57AZ
Posts: 2371
Joined: Tue Nov 02, 2004 2:55 pm

RE: How Many Months Of Your Salary Disappear In Taxes?

Sat Feb 12, 2005 5:38 am

I haven't taken the time to calculate it and don't really care. Reason is, I work for the county government but fall under state court regulations, effectively making me a state employee under AZ laws. Thus the state taxes I and others pay goe to paying my salary again.
"When a man runs on railroads over half of his lifetime he is fit for nothing else-and at times he don't know that."
 
saxdiva
Posts: 2329
Joined: Sun Jun 20, 2004 6:51 pm

RE: How Many Months Of Your Salary Disappear In Taxes?

Sat Feb 12, 2005 5:49 am

Looks like most years, my tax bill gets paid off around mid-April.  Sad
 
L410Turbolet
Posts: 5434
Joined: Wed May 05, 2004 9:12 am

RE: How Many Months Of Your Salary Disappear In Taxes?

Sat Feb 12, 2005 5:57 am

Looks like most years, my tax bill gets paid off around mid-April.

Last year, it was June 7th over here. One can either  Pissed  Pissed  Pissed or  Crying  Crying  Crying
 
saxdiva
Posts: 2329
Joined: Sun Jun 20, 2004 6:51 pm

RE: How Many Months Of Your Salary Disappear In Taxes?

Sat Feb 12, 2005 6:02 am

Last year, it was June 7th over here.

Okay, you win.  Smile

(ouch)
 
ANCFlyer
Posts: 21391
Joined: Mon Nov 15, 2004 3:51 pm

RE: How Many Months Of Your Salary Disappear In Taxes?

Sat Feb 12, 2005 6:48 am

I "break even" somewhere near mid-May. Funny, I draw a retirement check from the US Army, every month. The gross amount of annual Army retirement earnings for me is only $5000US (+/- a few $$) more a year than I pay in federal income tax. So therefore, I essentially pay myself my US Army retirement. How wrong is that!
FOR THOSE THAT FOUGHT FOR IT, FREEDOM HAS A FLAVOR THE PROTECTED WILL NEVER KNOW OR UNDERSTAND
 
daedaeg
Posts: 627
Joined: Mon Feb 17, 2003 1:54 am

RE: How Many Months Of Your Salary Disappear In Taxes?

Sat Feb 12, 2005 7:16 am

I don't even wanna think about how much I pay in federal taxes. It's too depressing. But on a brighter note, Washington state has no state income taxes.  Smile
Everyday you're alive is a good day.

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