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by zavandor
3544 days ago
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You forgot municipal tax, which is 119% of cantonal in Zürich. 40% tax rate that I was talking is marginal tax rate, i.e. from a certain and fairly low point the state will pocket 400 Fr in taxes out of every additional 1000 Fr of your income. And then there's 5.1% AHV and other social things on top... |
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That is a lot below any other European country. Maybe you included VAT to come up with your 40% marginal tax rate? But then you should count VAT for other countries as well when you are comparing them. And apart from that, the VAT in Switzerland is also very low.