Articles for Financial Advisors

Gross Pay After Taxes

Gross Pay After Taxes

The first table below shows take-home pay; gross pay after taxes. The second table shows Social Security payments as a percentage of pre-tax labor costs (source: OCED data from 2011).

 

Employees: Percentage of Gross Pay After Taxes

 

Country

Approximate Percentage

Germany

~ 60%

Italy

~ 70%

France

~ 71%

U.K.

~ 75%

U.S.

~ 76%

 

Employers: Social Security as a Percentage of Pre-Tax Labor

 

Country

Approximate Percentage

France

~ 40%

Italy

~ 32%

Germany

~ 21%

U.K.

~ 75%

U.S.

~ 76%

 

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