8 ms·
You can expect something from 50k to 70k€ (gross salary) dependending on the company and your experience. Remove 25% of that to have an idea of your net salary
by jchampem 10y ago
You can expect something from 50k to 70k€ (gross salary) dependending on the company and your experience.
Remove 25% of that to have an idea of your net salary. (Those 25% are mostly for your retirement plan, social security and unemployment insurance. All of those are mandatory)
Expect to pay between 1 and 2 months net salary in yearly incomes taxes.
- jjawssd 10y agoThat sounds like double or triple the amount of tax Americans in a similar role have to pay at home
- rfrey 10y agoThat works out to 37.5% tax. I paid considerably more than that working in California when you include health insurance.
- adventured 10y agoConsiderably more - that's surprising. Would you mind breaking out more exact numbers?
- fancy_pantser 10y agoJust to use round numbers, here is a breakdown for a single person making $120k/yr in California at a typical tech company. Monthly gross income: $10000 Federal tax $1494 Medicare $144 Social Security $616 CA Income Tax $751 CA Disability $89 Pretax deductions: Medical $56 Dental $5 Vision $2 Monthly take-home amount: $6843 (68.4% of gross)
- dmode 10y agoThis sounds right
- balfirevic 10y ago> Just to use round numbers, here is a breakdown for a single person making $120k/yr in California at a typical tech company. Is that total cost to employer for that employee? Or are there additional expenses that are not considered part of employee gross income but instead fall under "employer pays for them" category?
- e28eta 10y agoYes, there are taxes paid by the employer. I dislike infographics, but the text at the bottom breaks it down also: https://framework.gusto.com/the-true-cost-to-hire-an-employee-in-california-infographic/ https://framework.gusto.com/the-true-cost-to-hire-an-employe...
- inanutshellus 10y agoCalifornia is consistently at the top of polls ranking by taxes paid. Sooo... it's not entirely fair to extrapolate to the USA from California, despite its size. Two random results pulled from a search: http://www.cnsnews.com/news/article/michael-w-chapman/california-tops-list-10-states-highest-taxes http://www.cnsnews.com/news/article/michael-w-chapman/califo... http://www.nytimes.com/2013/02/07/us/millionaires-consider-leaving-california-over-taxes.html http://www.nytimes.com/2013/02/07/us/millionaires-consider-l...
- ddebernardy 10y agoAnd high rents, but then they're also among the highest earners. It's not like you can easily find a $200k+/year software dev job in Montana. edit: s/mo/year :D
- woobar 10y agoYou pay more than 37.5% on a $50K salary?
- Joky 10y agoDid you miss the fact that he added "you have to pay 1 or 2 months in income taxes" at the end?
- bru 10y agoIndeed! But then you get great health insurance, good public infrastructure and services, free top-notch education, etc. Basically if you're without any dependent, you may not see it as worth it, but once you have a family it really starts paying off.
- adventured 10y agoPeople making the kind of money being discussed here, such that you trigger higher bracket income taxes, have great health insurance in the US as well. Further, decent jobs in the US almost always include health insurance compensation above the salary. I have a brother that works in a pretty normal job earning $42,000 per year (not an outsized salary in the US), he pays $27 per month for his health insurance through his employer, and it's a nice plan. That isn't unusual in the US, health insurance compensation is almost universally ignored in salary comparisons (while the inverse isn't true, the tax based health coverage in other nations is always noted as a perk that should be considered with salaries). The education system you're referring to is not free at all. The very substantial income taxes in France pay for it.
- esw 10y ago>he pays $27 per month for his health insurance through his employer, and it's a nice plan. This is really an outlier. The US average for employee premiums is $104/month for individuals and $392/month for families.
- umanwizard 10y agoThat might be an outlier relative to the whole population, but is it one relative to good tech jobs? I pay $0 for health insurance, for example, and what I get is perfectly good.
- esw 10y agoThe context seems to have been lost in the shuffle. Here's what I was responding to: >I have a brother that works in a pretty normal job earning $42,000 per year (not an outsized salary in the US), he pays $27 per month for his health insurance through his employer, and it's a nice plan. That isn't unusual in the US My point is that most people in 'pretty normal jobs' pay considerably more for healthcare.
- Ftuuky 10y agoWelcome to Europe.
- dmuneka 10y agoI think it depends on where in the US. In NYC, I pay around 32% of my gross income in federal and local taxes, social security, medicare, etc. That's almost 4 months of my salary. On top of that, I have to pay for health insurance, deductibles, and retirement savings, which I assume my French counterpart wouldn't have to separately pay for.
- jchampem 10y agoExactly. The first 25% I mentioned includes health insurance for your whole family with close to 0 deductibles (usually a few euros here and there), retirement plan and unemployment insurance (if you get fired, you can expect to get ~60% of your previous gross salary the first year, slowly decreasing after that) and at the very least 5 weeks of paid annual leave.
- taway_1212 10y agoChrist, the top end of those numbers (both for gross salary and income taxes) is 3600 euros net per month, which is only 20-40% more than you get in Warsaw. Meanwhile, Paris real estate is (from what I'm hearing) extremely expensive.
- user5994461 10y agoFYI: Paris has the same estate than London, considering £1 = €1