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๐Ÿ‡ฎ๐Ÿ‡น Italy vs ๐Ÿ‡ฌ๐Ÿ‡ท Greece

Tax comparison for a $50,000 salary (USD)

๐Ÿ‡ฎ๐Ÿ‡น

Italy

Gross Salary $50,400
Income Tax −$12,369
Social Security −$4,489
Net Annual Pay
$33,542
$2,795/month
Effective Rate 33.5%
Employer Cost $66,316
PPP Value $53,630
๐Ÿ‡ฌ๐Ÿ‡ท

Greece

Gross Salary $50,400
Income Tax −$12,436
Social Security −$953
Net Annual Pay
$37,011
$3,084/month
Effective Rate 26.6%
Employer Cost $51,928
PPP Value $69,235

You would take home $3,468 more per year in Greece compared to Italy.

That's $289 more per month.

Detailed Comparison

Metric ๐Ÿ‡ฎ๐Ÿ‡น Italy ๐Ÿ‡ฌ๐Ÿ‡ท Greece
Gross Salary $50,400 $50,400
Income Tax $12,369 $12,436
Employee SS $4,489 $953
Net Income $33,542 $37,011
Employer SS $15,916 $1,528
Cost to Employer $66,316 $51,928
Effective Rate 33.5% 26.6%
Total Tax Take 49.4% 28.7%
Monthly Net $2,795 $3,084
Daily Net $129 $142
Hourly Net $16 $18
PPP-Adjusted $53,630 $69,235

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๐Ÿ‡ฎ๐Ÿ‡น Italy

๐Ÿ‡ฌ๐Ÿ‡ท Greece

Italy vs Greece Tax Comparison: Key Insights

On a USD 50,000 salary, Greece offers the higher take-home pay at $37,011 per year (26.6% effective rate), compared to Italy where you'd take home $33,542 (33.5% effective rate).

That's a difference of $3,468 per year ($289/month). However, take-home pay is only part of the picture โ€” cost of living, public services, healthcare quality, and quality of life all vary significantly. Use our Disposable Income Calculator for a PPP-adjusted comparison.

Comparison based on OECD data for 2026, calculated for a single employed individual with no dependants. Actual tax obligations may vary based on deductions, credits, and personal circumstances.

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