Total tax paid
₱ 967
Did you know your employer also pays tax on your salary? It costs the employer ₱ 524 to pay you ₱ 750. In other words, every time you spend ₱ 10 of your hard-earned money, ₱ 12.90 goes to the government.
Real tax rate
75.9%
So, with you and the employer both paying tax, what used to be a 59.1% tax rate now rises to 75.9%, meaning your real tax rate is actually 16.8% higher than what it seemed at first.