Spain Does Not Take 48 Percent of Your Pension: What a $40,000 Retirement Actually Pays in Madrid, Valencia, and Andalusia
Somewhere in the research every American does before dreaming seriously about Spain, they run into a number that stops them cold: Spain’s top income tax rate, depending on the region, runs from around 45 percent to a frankly terrifying 54 percent. And a reasonable person reads that and thinks, well, that is the end of …










