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by apexalpha 3217 days ago
Usually European taxes are complicated. I make 44k a year but I get about 33k on my bank account each year. This is because even though we have a 33% and 40% rate there are also numerous tax-cuts in place.

Ie: in NL you can deduct your entire mortgage rate interest from your gross income. This basically means you get a 40% discount on your mortgage. And there are numerous more.

2 comments

If you are single and renting, you don't get deductions and if you are having family then probably it is not worth moving anyway. Even less if you already have mortgage somewhere else than NL. So I do not feel it is useful to compare different countries. Unless for single people renting flats who could move quite easily.
Mortage interest rates are 1% these days so that is not really much.