Hey all. My friend and I both cost my boss 85,850/yr, but I take home 3,402/month net while he loses over 1,200/month because he doesnt know how to optimize his taxes !
NotSoSure_92Why does Belgium have such high taxes
NotSoSure_92Accepted answer
realist_bxl2Social security stuff like healthcare, pensions and unemployment benefits takes up most of it. The tax wedge on labor is huge for singles, reaching about 52.6% , and since we have a progressive scale up to 50% it adds up fast. I think having so many politicians and public servants compared to the rest of us also makes the bill higher !
Replies
super_belgium2I see what u mean about the pay gap but i think it is more about how some people can use all those tax optimizations to save money while the rest of us just pay full price... it creates such a weird social divide in the city !
vibes_only_beGov has no money so i bet they gonna tax capital more soon (hope not) !
antwerp_sales_proBe careful with that 'optimization' stuff though. I know someone who tried to set up a company without enough 'substance' or real management and the tax office just treated it as a pass-through to tax him personally !
polder_pioneer2The political inefficiency is part of it too.
There are way too many public servants compared to the population.
It makes the whole system much heavier for us.