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#42501 - 05/31/06 06:00 PM
Re: Taxes net vs gross
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Member
Registered: 10/17/04
Posts: 553
Loc: Desert of Arizona
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Nevado: You are right that was meant to be posted under the thread "dinero Negro" Hopefully MM will move it so that it will make more sence.
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Phantom Man
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#42502 - 05/31/06 06:29 PM
Re: Taxes net vs gross
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Executive Member
Registered: 05/06/00
Posts: 9080
Loc: Madrid, Spain (was Columbus, O...
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desert dweller, I can't move individual postings, only entire threads. Sometimes I'll copy/paste someone's mis-directed posting into a more appropriate thread. Would you please do it? If I do it it carries my name/information and I'd rather it be done from your username account. Thanks.
And let's please try to stay on the original topic of "Taxes net vs gross". Thanks.
Saludos, MadridMan
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Visit BarcelonaMan.com for Barcelona information, Transportation, Lodging, & much MUCH more! Curious about what could POSSIBLY be inside the brain of MadridMan? Visit MadridMan's Madrid Blog
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#42503 - 06/10/06 04:41 PM
Re: Taxes net vs gross
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Junior Member
Registered: 04/01/06
Posts: 13
Loc: Edmonton, Alberta, Canada
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need advice
I'm Canadian but also hold UK citizenship. So I was wondering how does one go about applying for a job in Spain? I am thinking about early retirement in 2 years and maybe going over for a short term and maybe working in a non stressful job :-) Appreciate any advice
Thanks
Ian
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#42504 - 06/10/06 04:56 PM
Re: Taxes net vs gross
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Executive Member
Registered: 05/06/00
Posts: 9080
Loc: Madrid, Spain (was Columbus, O...
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cactusjoe, you may want to conduct a SEARCH for information on this topic or start a new one. This thread, "Taxes net vs. gross" is a bit off-topic for your question. Thanks and good luck!
Saludos, MadridMan
_________________________
Visit BarcelonaMan.com for Barcelona information, Transportation, Lodging, & much MUCH more! Curious about what could POSSIBLY be inside the brain of MadridMan? Visit MadridMan's Madrid Blog
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#42505 - 06/17/06 02:15 PM
Re: Taxes net vs gross
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Executive Member
Registered: 12/07/05
Posts: 270
Loc: Madrid
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Update on Taxes: Being doing a little more research and the news isn't as bad as I thought. When I first calculated the rates I didn't take into account Total Income vs Taxable Income. The former being your total earnings and income, the latter being the amount that is subject to tax AFTER deductions. Your personal exemption and Social Security taxes plus a few other things are deducted from your total income, at that point your tax liability is then calculated.
Redoing the numbers puts the tax burden similar to Germany.
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Be Canadian Eh, that's for all you American out there:)
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#42506 - 06/18/06 05:10 PM
Re: Taxes net vs gross
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Member
Registered: 02/17/01
Posts: 332
Loc: Madrid
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I just found "the ultimate" net salary calculator page http://www.calculatusueldo.com/. In spanish and for explorer only I'm afraid. It does give you the calculations from different points of view, plus numbers are updated to 2006 fiscal regulations..
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#42507 - 06/19/06 02:51 PM
Re: Taxes net vs gross
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Executive Member
Registered: 12/07/05
Posts: 270
Loc: Madrid
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excellent website! I did find out and this is important that your wage is divided over 14 or 15 pays not 12 as expected. This means less each month but 3 to 4 times a year you get double pay cheques. Its like a forced savings, it can be really handy getting extra money just before holidays or Christmas.
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Be Canadian Eh, that's for all you American out there:)
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#42509 - 08/26/06 02:41 PM
Re: Taxes net vs gross
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Member
Registered: 08/24/06
Posts: 67
Loc: Madrid
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Hello all,
A monthly net salary of 2,000 Euros (24,000 a year) in Spain can be considered as excellent if you are single, and fine if you have a wife and 1, 2 children.
In the US with the same money, let's say 2,400 USD a month with a wife and only one child and you would be struggling to survive.
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