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Dethon OP t1_j2r7zvv wrote

Reply to comment by MrBietola in [OC] Personal financial sankey graph for 2022 in Spain by Dethon

Because it's not 15%.

Income tax alone is 20% on my gross income (different from full compensation). Other than that 30% of the total compensation goes to social contributions. These two concepts are mandatory and both go to the state, they are just organized this way because Spain.

Together they are around 45% of my total compensation. That's what most people would call taxes

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MrBietola t1_j2r8qjn wrote

it's still very low, in italy on 40k gross you pay 27.5% of taxes plus the social contribution

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Dethon OP t1_j2rebn3 wrote

Effective income tax in Spain for 40k gross is ~20% (it varies a bit depending on where you live within the country, bit it's around that number).

No special deductibles for me at all last year.

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