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Usurname
Joined: 21 Oct 2011
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 Posted: Tue Sep 10, 2013 9:30 am Post subject: What is your gross salary and net salary after deductions? |
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| And what country are you a citizen of? |
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Lucas
Joined: 11 Sep 2012
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| Posted: Tue Sep 10, 2013 2:18 pm Post subject: |
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| Why? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Tue Sep 10, 2013 2:38 pm Post subject: Re: What is your gross salary and net salary after deduction |
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| Usurname wrote: |
| And what country are you a citizen of? |
Citizenship makes no difference other than Saffers NOT being required (legally) to pay into the NPS (Pension).
NHIC 3%
NPS 4.5%
Income (withholding) Tax (if you are an employee) about 1.7% on a gross salary of 2.1 million.
The tax rate varies depending on income and the percentage rises with gross income as per the NPS tables.
Those are the ONLY legal deductions they are allowed to make from your salary.
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Usurname
Joined: 21 Oct 2011
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| Posted: Tue Sep 10, 2013 2:39 pm Post subject: |
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| Just to see how much tax would be taken for an American. |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Tue Sep 10, 2013 2:41 pm Post subject: |
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| Usurname wrote: |
| Just to see how much tax would be taken for an American. |
The same as anybody else.
If you have a dodgy employer (you work for a typical hagwon) then tax is probably at 3.3% (independent contractor rate) and you don't pay into or receive NPS or NHIC.
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Usurname
Joined: 21 Oct 2011
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| Posted: Tue Sep 10, 2013 2:43 pm Post subject: |
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| ttompatz wrote: |
| Usurname wrote: |
| Just to see how much tax would be taken for an American. |
The same as anybody else.
If you have a dodgy employer (you work for a typical hagwon) then tax is probably at 3.3% (independent contractor rate) and you don't pay into or receive NPS or NHIC.
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So Korean tax is much lower than american tax. For example in America 32k salary actually 24k after tax. I guess in Korea it's 24k and then barely any tax so American 32k = Korean 24k? |
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EZE
Joined: 05 May 2012
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| Posted: Thu Sep 12, 2013 5:23 am Post subject: |
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Nationality: USA
Gross Pay: 2.2
Net Pay: around 2.0 (deductions include internet) |
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