Row 53009
Content Data
This page contains data entry 53009 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.
> They pay a myriad of other taxes.
They don’t. Their corporations do, and those are far lower than what people pay. Let’s say I am in ireland, and I have a corporation, working as a consultant in B2B kind of settings making 160k eur per annum. My corporation’s tax rate is < 12%. I can very much write lots of stuff as “business expenses”, and further reduce my personal costs. I can pay myself a small salary for stuff I can’t write off as business expenses. Let’s say under 40k, which is taxed at something like 18%. My effective tax rate is 16.25%.
Now, if I am a salaried employee, my equivalent gross income would be 100k (1.6x is a good factor for how much an employee costs a company as a factor of the employee’s gross income). My effective tax rate on this salary is 36%.
“My” net income in the second option is 63k eur, in the first option is about 130k…
| Field | Value |
|---|---|
| text | > They pay a myriad of other taxes. They don’t. Their corporations do, and those are far lower than what people pay. Let’s say I am in ireland, and I have a corporation, working as a consultant in B2B kind of settings making 160k eur per annum. My corporation’s tax rate is < 12%. I can very much write lots of stuff as “business expenses”, and further reduce my personal costs. I can pay myself a small salary for stuff I can’t write off as business expenses. Let’s say under 40k, which is taxed at… |
| label | r/economics |
| dataType | comment |
| communityName | r/Economics |
| datetime | 2024-05-22 |
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Raw Record
{
"text": "> They pay a myriad of other taxes.\n\nThey don’t. Their corporations do, and those are far lower than what people pay. Let’s say I am in ireland, and I have a corporation, working as a consultant in B2B kind of settings making 160k eur per annum. My corporation’s tax rate is < 12%. I can very much write lots of stuff as “business expenses”, and further reduce my personal costs. I can pay myself a small salary for stuff I can’t write off as business expenses. Let’s say under 40k, which is taxed at something like 18%. My effective tax rate is 16.25%.\n\nNow, if I am a salaried employee, my equivalent gross income would be 100k (1.6x is a good factor for how much an employee costs a company as a factor of the employee’s gross income). My effective tax rate on this salary is 36%.\n\n“My” net income in the second option is 63k eur, in the first option is about 130k…",
"label": "r/economics",
"dataType": "comment",
"communityName": "r/Economics",
"datetime": "2024-05-22",
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}
Entry Information
- Entry ID: 53009
- Repository: Axioma AXP
- Dataset: arrmlet/reddit_dataset_36
- Total Entries: 100,000