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I plugged £120k ($166,400) into a UK and California tax calculator. UK after tax came to £74,244 ($102,885), California came to $108,070. I don't know how acc
by cameronh90 6y ago
I plugged £120k ($166,400) into a UK and California tax calculator.
UK after tax came to £74,244 ($102,885), California came to $108,070.
I don't know how accurate those numbers are, but they don't seem all that different to me. And compared to the rest of Europe, UK tax is on the low side.
Of course I don't particularly _enjoy _paying high taxes, but I feel like living in London, earning within the ballpark of that amount, my life is pretty good.
- Nextgrid 6y agoThe thing with California (and US in general) is that 120k is the lower end of tech salaries, where as in the UK it's the top-end. So while tax rates might be similar, US salaries significantly offset it.
- cameronh90 6y agoGlassdoor says that the average in USA is $77k and high is $107k. For California, the numbers are $92k and $134k respectively. Indeed says $136k is average for California. £120k/$166k is clearly on the upper end by their measures. FAANGs, start-ups, unicorns, fintech etc. are much higher, but the same is true in the UK. I know mid tier software engineers working in FB/Google in London clearing over £300k in total comp. I work in a fintech start-up and my TC is close to £200k. But sure. London pure tech salaries are not the quite as high as the global tech hub. Fintech salaries are competitive with NYC though (but slightly worse after tax).