Here in India we pay 30% tax on salaries and above thatis 40% also.
We are paying the tax on salaries and then road tax, service tax, entertainment tax, GST etc etc...
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Here in India we pay 30% tax on salaries and above thatis 40% also.
We are paying the tax on salaries and then road tax, service tax, entertainment tax, GST etc etc...
If you're paying all that tax, what is left over for the people to use for the rest of the month? here its 26% but if you earn a lot it can go up to 45%. We also have roadtax but thats added inot the petorl price and then VAT on all purchases.
Can't say I am a fan considering not much of it goes to helping the country but hey its their money, they must do with it what they want, my money is Bitcoin
Here for low income earner its starts from 5% then next slab 20% and third is 30% but its not flat.. means if you are in 30% slab that means for some portion you will pay 5% then for some portion 20% and for rest of portion 30%
And if you are in high earner then it can increase upto 40%...
That's still a pretty big percentage once you start earning a lot, here if you earn less than $430 a month you don't have to pay income tax though, not that you can really live off that