Salary rate
Annual
Month
Semimonthly
Weekly
Day
Hour
Withholding
Salary
70 000 kr
Municipal tax
- 23 661 kr
Income Tax
- 5 590 kr
Other tax
- 290 kr
Total tax
- 29 541 kr
Net pay
* 40 459 kr
Marginal tax rate
54.6%
Average tax rate
42.2%
57.8%
Net pay
42.2%
Total tax
Total tax
Net pay
The Taxberg
40 459 kr
Net pay
21 994 kr
Tax the employer pays
29 541 kr
Tax you pay
Total tax paid
51 535 kr
Did you know your employer also pays tax on your salary? It costs the employer 21 994 kr to pay you 70 000 kr. In other words, every time you spend 10 kr of your hard-earned money, 7.36 kr goes to the government.
Real tax rate
56.0%
So, with you and the employer both paying tax, what used to be a 42.2% tax rate now rises to 56.0%, meaning your real tax rate is actually 13.8% higher than what it seemed at first.
Summary
If you make 840 000 kr a year living in the region of Blekinge, Sweden, you will be taxed 354 496 kr. That means that your net pay will be 485 504 kr per year, or 40 459 kr per month. Your average tax rate is 42.2% and your marginal tax rate is 54.6%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of 100 kr in your salary will be taxed 54.62 kr, hence, your net pay will only increase by 45.38 kr.
Bonus Example
A 1 000 kr bonus will generate an extra 454 kr of net incomes. A 5 000 kr bonus will generate an extra 2 269 kr of net incomes.
NOTE* Withholding is calculated based on the Blekinge tables of Sweden, income tax. For simplification purposes some variables (such as marital status and others) have been assumed. This document does not represent legal authority and shall be used for approximation purposes only.