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by AdrianB1
2708 days ago
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In most countries in Europe there are hidden taxes that don't appear in your payroll, but the company pays for you. It is called the "company contribution" that comes from the money you earn for the company. If you do $100,000, for example, and the company does not want any profit, the company will give you 75,000 and pay 25,000 as company part, then from your 75,000 you pay 30,000 (heavily rounded), so in total the government gets 55,000 in taxes and you get 45,000 home, but you thing the taxes are lower than in reality.
In Romania one year ago the taxes were united in a single set, so now you see on the payroll that you pay double the taxes than a year before, but you take the same money home. The company part is just visible in the payroll, nothing else changed. |
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