The Taxberg
$147
Net pay
$14
Tax the employer pays
$53
Tax you pay
Total tax paid
$67
Did you know your employer also pays tax on your salary? It costs the employer $14 to pay you $200. In other words, every time you spend $10 of your hard-earned money, $3.35 goes to the government.
Real tax rate
31.3%
So, with you and the employer both paying tax, what used to be a 26.6% tax rate now rises to 31.3%, meaning your real tax rate is actually 4.7% higher than what it seemed at first.