superfluent
Well-Known Member
- Joined
- Jan 3, 2008
- Messages
- 422
- Reaction score
- 2
I just did my tax calculation for 2007 today (or rather, my accountant strapped me tight into the share and gave me a damage report after he had poored me a huge single malt).
Let's just make this clear; If you havn't lived in Sweden, you don't know what taxes are (I'm on my 7:th pint by the way and I still don't feel good at all...)!
I is ***INSANE***. I have my own company and just to visualize my sufferings I'll explain how taxation in Sweden works:
Let's say my company earned 1000 bucks that I want to transfer to me as the owner and as an employee (or to give any employee a paycheck for that matter):
First, because my company is transferring money as a paycheck (salary to an employee) the company has to pay sales tax(!) on the earnings transferred to the paycheck. This would be a minor issue if it wasn't for the fact that in Sweden the sales tax is 25 f****ing percent!!!!
OK, so there's still $750 left, right. Not! Since it is sallary, the company has to pay "labour tax", a tax that the company has to pay, "hidden" to the employee.
The labour tax is a bone chilling 31,68%... OK, fine you think, the employee (me) gets atleast some $500 (now 50% of the earnings).
Yeah, you wish... You have $500 left, but then you have to pay income tax...at the very least 31-32 percent, but anything above $40000 a year and you'll get hit with a mindboggling 50%-55% income tax for everything above that. left to spend is about $250-$300 bucks to buy food, beer (that's food, isn't it?) or whatever you need to buy for your hard earned cach.
Getting $300 (I like to be optimistic) out of a 1000 bucks to buy food (beer) might not soud totally devestating (I'm still pretending I'm a glass half full kind of guy).
If it just stopped there! As I said, the sales tax here in Sweden is a friggin 25%, what ever you purchase the government will rip you off another 25%, leaving you with about $240 for every $1000 bucks earned... THAT sucks *ss (i'll leave it to you guys to calculate the total tax)!
H (ninth pint and still unhappy...)
Let's just make this clear; If you havn't lived in Sweden, you don't know what taxes are (I'm on my 7:th pint by the way and I still don't feel good at all...)!
I is ***INSANE***. I have my own company and just to visualize my sufferings I'll explain how taxation in Sweden works:
Let's say my company earned 1000 bucks that I want to transfer to me as the owner and as an employee (or to give any employee a paycheck for that matter):
First, because my company is transferring money as a paycheck (salary to an employee) the company has to pay sales tax(!) on the earnings transferred to the paycheck. This would be a minor issue if it wasn't for the fact that in Sweden the sales tax is 25 f****ing percent!!!!
OK, so there's still $750 left, right. Not! Since it is sallary, the company has to pay "labour tax", a tax that the company has to pay, "hidden" to the employee.
The labour tax is a bone chilling 31,68%... OK, fine you think, the employee (me) gets atleast some $500 (now 50% of the earnings).
Yeah, you wish... You have $500 left, but then you have to pay income tax...at the very least 31-32 percent, but anything above $40000 a year and you'll get hit with a mindboggling 50%-55% income tax for everything above that. left to spend is about $250-$300 bucks to buy food, beer (that's food, isn't it?) or whatever you need to buy for your hard earned cach.
Getting $300 (I like to be optimistic) out of a 1000 bucks to buy food (beer) might not soud totally devestating (I'm still pretending I'm a glass half full kind of guy).
If it just stopped there! As I said, the sales tax here in Sweden is a friggin 25%, what ever you purchase the government will rip you off another 25%, leaving you with about $240 for every $1000 bucks earned... THAT sucks *ss (i'll leave it to you guys to calculate the total tax)!
H (ninth pint and still unhappy...)