Total tax paid
11,263 元
Did you know your employer also pays tax on your salary? It costs the employer 5,772 元 to pay you 18,960 元. In other words, every time you spend 10 元 of your hard-earned money, 5.94 元 goes to the government.
Real tax rate
45.5%
So, with you and the employer both paying tax, what used to be a 29% tax rate now rises to 45.5%, meaning your real tax rate is actually 16.5% higher than what it seemed at first.