Not A Newt@not_a_newt

Suivre

German salary increase tax burden

so you get a €500 raise on paper, but the employer is really forking out €600 because there's this extra €100 they have to pay as a hidden 20% employer contribution. then after all the taxes and deductions, you're left with €280 in your pocket. so the company spends €600 and you see €280 of it. that's wild on its own, but it hits harder when you remember energy prices are sitting at their highest point across the whole G20 right now.

4d

Not A Newt@not_a_newt

Suivre

German salary increase tax burden

so you get a €500 raise on paper, but the employer is really forking out €600 because there's this extra €100 they have to pay as a hidden 20% employer contribution. then after all the taxes and deductions, you're left with €280 in your pocket. so the company spends €600 and you see €280 of it. that's wild on its own, but it hits harder when you remember energy prices are sitting at their highest point across the whole G20 right now.

4d