Total tax paid
23,046 元
Did you know your employer also pays tax on your salary? It costs the employer 11,545 元 to pay you 40,000 元. In other words, every time you spend 10 元 of your hard-earned money, 5.76 元 goes to the government.
Real tax rate
44.7%
So, with you and the employer both paying tax, what used to be a 28.8% tax rate now rises to 44.7%, meaning your real tax rate is actually 15.9% higher than what it seemed at first.