>>24814400>>24814541>>24814561You're all forgetting about Austrian social security contributions. If Kiara has a check from Cover for 500K Euros, she has to pay 18% of that into Austrian social insurance, resulting in 410K of taxable contributions at regular income rates. With their tax brackets, she has to pay another 190K in income tax, resulting in a take home of 220K. 50% of the social security deposit is into the national pension program which will give her 80% back after retirement when she's 65.
The effective tax rate if Kiara reports 500K Euros is 56%
>>24814801The LLC would have to pay 21.5% into the social security program
>>24815266Poor Euros still have to shoulder the VAT tax that makes everything more expensive.
