Total tax paid
22,446 元
Did you know your employer also pays tax on your salary? It costs the employer 11,545 元 to pay you 37,600 元. In other words, every time you spend 10 元 of your hard-earned money, 5.97 元 goes to the government.
Real tax rate
45.7%
So, with you and the employer both paying tax, what used to be a 29% tax rate now rises to 45.7%, meaning your real tax rate is actually 16.7% higher than what it seemed at first.