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Tax going up, salaries going down

Tax going up, salaries going down

November 26, 2007 3:36 PM

From the article entitled "Average salary in the private sector goes down for the nineth consecutive year [jp]":

On September 27th, the National Tax Agency of Japan annouced the results of its "Statistical Survey of Actual Statistics for Salary in the Private Sector". According to the survey, the average annual salary for workers in the private sector has been declining for the nineth consecutive year. Last year's annual salary on average was 4,349,000 yen, down 19,000 yen, or 0.4 percent, from the previous year.

The Japanese economy is said to be recovering, but the average annual salary has been decreasing for the nineth year in a row.

The gap between higher-paid workers and lower-paid workers seems to be widening. We are living in a society marked by a widening disparity between winners and losers, I guess...

People who earn less than 3 million yen per year increased by 1.2 percent while those who earn more than 10 million yen increased by 0.2 percent indicating a tendency towards a widening gap between the two groups.

Well, my guess seems to be right...

On the other hand, due to the partial abolition of temporary tax cuts, the income tax has increased by 10.4 percent from the previous year.

The highest earners were workers in the finance, insurance and real estate inudsties -- paid 5.63 million yen per year. Well, that should tell which industries are thriving now.

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