Hot damn I had no idea Japan was that bad. I knew it was really high but not that high. Their salaries are already so damn low how the hell do they get by.
Edit: I should have realized quicker, but realistically the median worker probably pays significantly less than that. Like in the US I probably pay around 20%, not the 37% stated.
It got even worse in the last decade, when they implemented a first-ever nationwide sales tax (9% I believe) to pay down the debt and rising pension costs. That's never going away. If the Japanese government does anything well its Keynesianism.
Yeah this could be an average figure or something. My first year working i Japan I was taxed 20% on all income. The from the 2nd year onwards it went down to like 1%
Granted I was making about $15-$20k a year back then
Hot damn I had no idea Japan was that bad. I knew it was really high but not that high. Their salaries are already so damn low how the hell do they get by.
Edit: I should have realized quicker, but realistically the median worker probably pays significantly less than that. Like in the US I probably pay around 20%, not the 37% stated.
It got even worse in the last decade, when they implemented a first-ever nationwide sales tax (9% I believe) to pay down the debt and rising pension costs. That's never going away. If the Japanese government does anything well its Keynesianism.
I thought it was "yield-curve control" a.k.a. central banks buying all the government bonds a.k.a. totally not money printing.
Yeah this could be an average figure or something. My first year working i Japan I was taxed 20% on all income. The from the 2nd year onwards it went down to like 1%
Granted I was making about $15-$20k a year back then