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.

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

Oh God no! 🤣

Air conditioning is not common in the northern half of Spain, but summers are getting hotter and hotter lately. It became a necessity for us.

Posting this again since I forgot about the Monday rule last week. I was using SankeyMATIC to generate it, but since I had to wait some days I went through the rabbit hole of coding my own tool just for fun. So now it's generated using Python, Plotly and Dash. Here is the repository if someone is interested: https://github.com/Dethon/show-the-flow

Last year I saw a lot of these and decided to start tracking my expenses to make one. 2022 was a bit tighter than usual since we decided that we NEEDED to install an air conditioning system before the next potentially scorching summer (last one was hell). Hopefully next year we'll have some extra saving capacity.

The graph is personal, the "shared expenses" node shows my partner's contribution, but other than that our finances are kept separate. We don't share all expenses though, for example most non utility expenses related to the house are paid by me alone (mortgage, insurance...)

There aren't any car expenses because we live in a medium sized city in Spain and don't need it at all on a daily basis (We live close to the city center and within 15min walking distance of almost anything we need). My girlfriend has a car though, but that's a personal expense of hers and it's not depicted in this graph.

The generic "shopping" expense should be better labeled, but it was quite hard to separate bills into specific items after the fact. Something to improve for the next year.