A global ledger of salary, tax & the price of living
Plain-language definitions of the terms used across WorthOf.
A payment structure in Portugal and Spain where annual salary is paid in 14 instalments.
A number comparing living costs between cities, with New York = 100 as baseline.
When the same income is taxed in two countries — relevant for remote workers and expats.
The actual percentage of your income paid in tax — always lower than the top marginal rate.
The total amount an employer pays for your employment — higher than gross salary.
Total compensation before any deductions — the number on your job offer.
Non-cash compensation provided by an employer — sometimes taxable.
The tax rate applied to the next euro you earn — not your average rate.
Your take-home pay after all deductions — what actually reaches your bank account.
A former Portuguese tax incentive offering flat 20% income tax for qualifying newcomers.
A standardised benchmark for comparing wages across member countries.
A tax system where higher earners pay higher rates on each additional euro earned.
A method to compare real incomes across countries by adjusting for local prices.
The share of net income spent on rent — above 30% is considered financially stressful.
Exchanging part of gross salary for non-cash benefits, reducing taxable income.
Mandatory payroll deductions funding pensions, healthcare, and unemployment insurance.
Synonymous with net salary — the amount deposited in your account each pay period.
An income band with its own tax rate in a progressive system.
The country where you are legally required to file and pay income tax.
Tax deducted by the employer before you receive your salary.