August 2006 Weddings
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
The Czech Republic has a flat tax
I'm really excited for them. ?It was just implemented this year, before that they had a progressive scale much like that of the U.S.. ?
The tax rate is now 15% of your super-income (which is your income plus the money your employer pays into social security and health insurance for you). ?Next year it is slated to go down to 12.5%. ?
I think the CZ could provide an interesting case study over the next couple years. ?
Re: The Czech Republic has a flat tax
I'm not surprised. They're the ones who realize how much communism sucks.
Wellp that's true. Plus they look favorably on terms like "revolution."
?
I'm not sure, we haven't gotten that far in my Czech tax law class yet. ?
As for the other questions: there are no loopholes anymore but there are still (limited) deductions. ?
I tried to google it. It used to be 47.5% (split unevenly between employer & employee) but that was under the progressive tax structure so it might be a lot less now.
There's this other website that says the employer portion is 28.3% which is less than they paid under the 47.5% (that was 35%). But it doesn't say what the employee portion is and I don't even know if this is up-to-date.
http://www.nationmaster.com/graph/tax_com_of_tax_soc_sec_con_by_emp-components-social-security-contribution-employer
Could you imagine a 47.5% payroll tax? OMG.
Is there any little system so that the takehome isn't greater for someone under the individual deduction than someone slightly over? Like say tax is 10% and the individual deduction is 20k. So a person paid 19.5K would get to take home 19.5K, but a person paid 21K would take home 18.9K. Is there something for those few amounts between to help rectify that?