Total tax paid
E£ 12.67
Did you know your employer also pays tax on your salary? It costs the employer E£ 7.81 to pay you E£ 1,025. In other words, every time you spend E£ 10 of your hard-earned money, E£ 0.12 goes to the government.
Real tax rate
1.2%
So, with you and the employer both paying tax, what used to be a 0.5% tax rate now rises to 1.2%, meaning your real tax rate is actually 0.7% higher than what it seemed at first.