Taxation is theft, Finland ranks #1 with highest income tax rate in the world. #socialism
(media.communities.win)
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I assume these are the top tax bracket numbers
Bingo, you pay less if you earn less.
The trick is to simply not work all days of the week, 12 hours per day and skip vacation. Do your 8 hour shifts, Monday to Friday and take 6 weeks vacation to enjoy life. You're not gonna earn much more for working more anyway.
Well usually it's tiered so you pay a lower rate on the first $50k or whatever, but then for every dollar between $50k - $75k you pay a slightly higher rate, and so on.
So while it's technically true that earning less = paying less, that doesn't lead to you having more money in your pocket.
Correct, it just means it's not really wort working overtime.
But it is still worth it if you want more money
Then portugal's is way too low. You see the 35% I mentioned earlier doesn't actually include the tax that is actually called income tax (as that tax for minimum wage is 0%) and having gone to look up the tables for it portugal goes up to 43.8% so they would take something like 54.5% from your salary and then tax your boss an extra 23.75% just to really make sure they kill the economy.
And people wonder why the rich spend money to avoid taxes.....
Imagine only getting 45.5% of your work paid while your boss has to pay 123.75% for it.