Total tax paid
€ 40 034
Did you know your employer also pays tax on your salary? It costs the employer € 7 063 to pay you € 63 920. In other words, every time you spend € 10 of your hard-earned money, € 6.26 goes to the government.
Real tax rate
56.4%
So, with you and the employer both paying tax, what used to be a 51.6% tax rate now rises to 56.4%, meaning your real tax rate is actually 4.8% higher than what it seemed at first.