The Taxberg
$154
Net pay
$15
Tax the employer pays
$46
Tax you pay
Total tax paid
$61
Did you know your employer also pays tax on your salary? It costs the employer $15 to pay you $200. In other words, every time you spend $10 of your hard-earned money, $3.05 goes to the government.
Real tax rate
28.3%
So, with you and the employer both paying tax, what used to be a 23% tax rate now rises to 28.3%, meaning your real tax rate is actually 5.3% higher than what it seemed at first.