Posted by: 2970174?
Posting time: 1.9 years ago on
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Archived on: 4/14/2019 10:00:00 AM
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[–] 16095909? 0 points 1 point 1 point (+1|-0) ago (edited ago)
X is your salary. Employer pays X/3 to government, thus employer is paying X * 4/3. You receive X, and pay X/3 as taxes; thus, you take home X * 2/3.
Your take-home pay is one half what the employer spends.
Then you get taxed on the rest.
Mad yet? I sure am!
[–] 16143802? 0 points 1 point 1 point (+1|-0) ago
Yup it's a mess!