[quote=“tmwc”][quote=“j99l88e77”]In Kimchi Hell, it depends on your salary. I’m paying a little under 2.145%. I don’t pay any on my OT . I’ll admit, 6% is definitely low, but isn’t it more like 13% there? Is it a fixed rate? That’s strange.
Anyway, I re-signed for march with a raise. It goes up to 2.45% then.
Those figures are witholding numbers. It’s actually 9%, but with a lot of deductibles like pension, health, almost half your salary, etc. They don’t take out 9%. Many go with 3.3% figure, but the bulk of employers more than likely pocket the money. Some teachers get jerked around for more than that. Like 4 or 5%.[/quote]
So you obviously don’t know what the situation is here. My advice to you is to find out the truth before you go mouthing off and making yourself look like a dick.
I pay 6% withholding on my main job. Other work is paid in full or with 10% withholding. Who cares? My cashflow is fine and at the end of the year I do my taxes and get a refund. I get a wopping allowance and owe 6% on the rest. That’s less than 9%, by the way. I usually get a refund, so obviously nobody’s pocketing my money.
If, for some unaccountable reason, my income was higher - like if I had done some work that I forgot about and the tax office happened to remind me of, which can only happen if the employer has filed a proper tax return - then I might find myself paying 13% on part of my income. Even so, the total amount of tax paid would still be only a small percentage of total income.
The tax rate in Taiwan is minimal, so little that bitching about it is a sign of immaturity. Sure, some people have employers that screw them around. But that happens in every country. It happened to me more in the UK than it did in Taiwan, and if you’re so desperate to prove your point that you’ll latch on to the one time it did happen to me here then that just shows the inadequacy of your argument. I usually have ten or more jobs to declare in any given year, and I’ve been here five years. Fifty employers, one minor problem. That does not constitute an industry of rip-off merchants.
Now maybe the mod could remove all your childish tantrums and the necessary responses from this thread and we could go back to posting useful information instead of uninformed rubbish?[/quote]
Bark, bark, bark,
That’s too bad. My taxes are only 2% and change. I have health and pension, too. Oh yeah, guess what? Pension is 9%. My boss pays half. So, 4.5% each. I get my and his contributions back when I leave Korea. So, I make an extra 4.5%. So, not only are my taxes small, but I come out about 2.3% on top with the pension benefit. Health insurance is right aroung that so, I basically take home my gross salary.
Taiwan seems to tax too high in many cases. 20% in the beginning? What the hell is that? Still don’t know why. No matter what salary, the tax rate there is the same. That shouldn’t be. If you make like 150,000/month, are you taxed the same as someone making 50,000?