Is it progressive taxation? If it is, then total rate is more ch lower. Still sucks though πΆπΎπ«
Discussion
Itβs higher than average for most tax brackets but top earners are getting rekted. I know many businesses and talented people my age leaving the country for better opportunities.
It's progressive. Different parts of your income get taxes differently so effective tax rate is closer to 43-49%.
Oh did we mention our lovely health insurance tax which is an additional 10%?
It's never called tax but it has been reported it is being mixed in with the general government budget.
But hey, it's not a tax!
