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My experience in Germany may not be typical. But with the EU's higher taxes, 80% indeed goes down to 50%. However if you have kids, the numbers climb up again b
by javajosh 6y ago
My experience in Germany may not be typical. But with the EU's higher taxes, 80% indeed goes down to 50%. However if you have kids, the numbers climb up again because, at least in Germany, you get "Kindergeld" and "Elterngeld" and state-sponsored day-care (Kita) for your kid(s). Plus, 30-days a year vacation standard, you get walkable cities, very good public transportation (so, no car costs) AND you get to take inexpensive weekend trips to Greece, London, Prague, or wherever you want to go. It's up to you to compute that value.
- vidarh 6y agoYou really can't just make blanket statements about EU taxation effect on take home salary. There are massive differences in rates, and you also need to consider specific income levels as the profile of taxation by income band and dependents varies greatly. Germany and (especially) Belgium tends to top the OECD lists over taxation, so for Germany you may well be right, while e.g. Denmark, Ireland and Poland (may be true for others too, but those are the ones I happened to be aware of) has tax rates that in several of the categories the OECD tracks are below US tax levels. (Source: OECD Taxing Wages 2020)
- deleted 6y ago[deleted]
- mewpmewp2 6y agoAs someone from Europe, I work in a company with US presence and my counterparts do get 3x salary, according to levels.fyi at least.
- superbcarrot 6y ago> That's an exaggeration. At worst its 50%, but usually its ~80%. That's too high. In London getting 80% of equivalent pre-tax salaries in a big US city is virtually impossible. And then 1/3 of it goes to taxes and national insurance deductions.