I just did the math from all my work last year and even only paying myself €1000/month and adding everything up (VAT + Social Security, Salary Tax and other business taxes) for every €1 of profit, I have to pay €0,50 to the government. This is in a small scale business without any employees (just me) and pretty much at break even after all taxes and my small salary.
It's pretty crazy that at this scale 50% of all the money I make goes to taxes.


@hugo wow, that's unbelievable. At 1k/month I'd expect you'd still be at a reasonable tax bracket, but 50% is bonkers.

@meqif from the salary part, I am at a reasonable tax bracket from an employee stand point but has I am my own boss all other taxes (social security, etc) are a cost to me. Adding my personal tax to my company tax is what makes it go that high. For a single person company is crazy.

@hugo for sure, it really is! Thanks for clarifying

Sign in to participate in the conversation

The social network of the future: No ads, no corporate surveillance, ethical design, and decentralization! Own your data with Mastodon!