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Jul 14, 2010, 2:33 pm
[quote name='Panathinaikos' date='13 July 2010 - 10:53 PM' timestamp='1279050783' post='23769']
Well technically, it is 80% of the net. Like a 1 million euros salary = 800K euros tax.
Anyway, compared to the ACB for example........in the ACB the tax is 20% on all players that make under 600K euros a year. At 600K euros or more the tax is 40%. It does not increase for salaries higher than 1 million or 2 million.
So compared to the ACB the Greek A1 has way higher taxes to pay.
[/quote]
Technically or not in economic theory (and economic reality) taxes are always counted from the gross sum and are deducted from it. They are never added to the net sum. Thus the tax is 45%. If I ask as a freelancer for say 1500 euro, 20% are autimatically deducted from the amount so I get 1300 for example. Now if the Greek market is twisted (which it is) and everybody wants to count their taxes as added to the net amount that's another thing... Doesn't change the fact that the government passed a law that clearly states that the taxes on professional athletes are 45%.
and by definition
Net income after taxes. Gross before taxes. Taxes come first, are deducted, and then the net is calculated. Not the other way around.
In the ACB taxes vary from region to region. Remember the Mickeal case? He was paying like 15% in Pais Vasco and 45% in Catalonia. The 600k rule though may very well be true, i have no idea.
About Kaimakoglou, one can say he's an SF in a PF's body. In offense he plays as a clear SF imo, but in defense he is better at marking pfs.
Well technically, it is 80% of the net. Like a 1 million euros salary = 800K euros tax.
Anyway, compared to the ACB for example........in the ACB the tax is 20% on all players that make under 600K euros a year. At 600K euros or more the tax is 40%. It does not increase for salaries higher than 1 million or 2 million.
So compared to the ACB the Greek A1 has way higher taxes to pay.
[/quote]
Technically or not in economic theory (and economic reality) taxes are always counted from the gross sum and are deducted from it. They are never added to the net sum. Thus the tax is 45%. If I ask as a freelancer for say 1500 euro, 20% are autimatically deducted from the amount so I get 1300 for example. Now if the Greek market is twisted (which it is) and everybody wants to count their taxes as added to the net amount that's another thing... Doesn't change the fact that the government passed a law that clearly states that the taxes on professional athletes are 45%.
and by definition
Quote:Gross income is commonly defined as the amount of a company's or a person's income before all deductions or any taxpayerâs income
Quote:Net income is the residual income of a firm after adding total revenue and gains and subtracting all expenses and losses for the reporting period
Net income after taxes. Gross before taxes. Taxes come first, are deducted, and then the net is calculated. Not the other way around.
In the ACB taxes vary from region to region. Remember the Mickeal case? He was paying like 15% in Pais Vasco and 45% in Catalonia. The 600k rule though may very well be true, i have no idea.
About Kaimakoglou, one can say he's an SF in a PF's body. In offense he plays as a clear SF imo, but in defense he is better at marking pfs.
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