What do you mean, 'disappear'? I'm pretty sure taxes charged on income doesn't just flow into government and then suddenly vanish without a trace.
> The 24-year-old Mr. Kjellberg, who created PewDiePie five years ago, has parlayed his persona into a brand name that pulls in the equivalent of $4 million in ad sales a year, most of it pure profit.
And I'm pretty sure the title isn't misleading - it's $4 million after YouTube's cut, which seems to check out, having cross-correlated other sources.
'disappear' was probably a wrongly used word. It's money that will never be his, the income tax is paid to the government and they use it like any other tax money.
There are different levels taxation in Sweden if I recall correctly the upper level takes out 70% of the income, that is income earned after $200.000. So if I understand it correctly that would mean he needs to pay $2.660.000 in taxes on those $4 million.
I could be wrong though, but that is my understanding of it. If he's got a corporation where the money goes, that's an entirely different thing. My assumptions are it's a sole proprietorship or equal to that.
Right, so there's a 57% income tax. But if it's a sole proprietorship he also has to pay the "employer tax" or whatever it is called.
I know nothing about taxation in UK, but I guess it also depends on where he has his company (if any) registered. Either way, it's a lot of money even if a lot of it is tax.
> The 24-year-old Mr. Kjellberg, who created PewDiePie five years ago, has parlayed his persona into a brand name that pulls in the equivalent of $4 million in ad sales a year, most of it pure profit.
And I'm pretty sure the title isn't misleading - it's $4 million after YouTube's cut, which seems to check out, having cross-correlated other sources.