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Just pure salary comparison isn't enough though. London has crazy living costs, and Berlin's response is the heavy taxation (about 40%-45% including the compuls
by distances 10y ago
Just pure salary comparison isn't enough though. London has crazy living costs, and Berlin's response is the heavy taxation (about 40%-45% including the compulsory health insurance).
- bogomipz 10y ago40-45%? Is this true across Germany? Wouldn't this put it higher than Sweden?
- kuschku 10y agoThat’s after including healthcare and insurances, usually. (Against all rumors, Germany doesn’t have universal nationalized healthcare)
- distances 10y agoAs the other commenter mentioned, this is after including a compulsory health insurance which is about 15% of your salary. And yes, taxation in this income bracket is higher than in the Nordic countries. Can't say if this is true across Germany. You can also choose private insurance if your income is high enough, which can then be cheaper for you than the mentioned 15%. The income limit for that is something like 55-60k/year, if I recall correctly.
- dogma1138 10y agoLondon has a high cost of living only really around rent, and if you are willing to flat share, or live in a non-central location you don't pay that much. Sure it's not the 300 EUR a month you can get in some other major EU cities but it also doesn't have to be 3000 GBP a month for a 2 bedroom either (and it can go much higher than 3000 for a 2 bed/NYC size studio if you were wondering).
- antouank 10y agoHow about contracts? Is there a "company" way of contracting? Or 40-45% tax still applies to freelancers?