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Old 16th Mar 2020, 07:56
  #39 (permalink)  
SpGo
 
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Originally Posted by marchino61
You need to brush up your understanding of tax a bit! Income tax is graduated - you don't pay the top rate on your whole income. Tax rates in Norway start at 22%.

I have no idea how much pilots earn at Norwegian, so I can't make the calculation. But the net cut will definitely be less than 10% because of the graduated tax rate.

For example. If someone earns 200k, and 100k is taxed at 25% and 100K at 50%, post-tax income is 125k. Reduce this by 10% to 180K and post-tax income is 115K, a reduction of 8%.
Exactly 8% and not 5% as OP wrote, they were claiming a 10% pay cut becomes 5% due to 50% tax.
Your example for Dutch tax, talking about KLM after all, would be:
200k equals 101,7 net and 180k becomes 91,6 a loss of 10,1k or 9,9%...
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