Swiss taxes vary hugely between cantons (equivalent of a state in the US) and you pay even less than 16% depending where you live. An example based on the official Swiss Federal Tax Administration online calculator [0]. Single no children living in canton Zug Switzerland (one of the Swiss tax havens):
Gross income CHF 120'000 minus deductions you end up with 100K taxable income and the total tax burden (federal, cantonal and communal) is about 11K.
Edit: the same example for a canton with higher taxes (Bern) gives a total tax burden of 22K
Gross income CHF 120'000 minus deductions you end up with 100K taxable income and the total tax burden (federal, cantonal and communal) is about 11K.
Edit: the same example for a canton with higher taxes (Bern) gives a total tax burden of 22K
[0] http://www.estv2.admin.ch/e/dienstleistungen/steuerrechner/s...