Damn, you are actually right. Just did a deep dive into Wikipedia and it turns out that I misinterpreted the curves showing the tax percentage depending on the income completely wrong during my whole life. It doesn't show the tax percentage to be applied to your earnings, but you have to integrate over the curve from 0 to your income...
Damn, you are actually right. Just did a deep dive into Wikipedia and it turns out that I misinterpreted the curves showing the tax percentage depending on the income completely wrong during my whole life. It doesn't show the tax percentage to be applied to your earnings, but you have to integrate over the curve from 0 to your income...
TIL...