Total tax paid
E£ 0.51
Did you know your employer also pays tax on your salary? It costs the employer E£ 0.31 to pay you E£ 1,005. In other words, every time you spend E£ 10 of your hard-earned money, E£ 0.01 goes to the government.
Real tax rate
0.1%
So, with you and the employer both paying tax, what used to be a 0% tax rate now rises to 0.1%, meaning your real tax rate is actually 0.1% higher than what it seemed at first.