4 ms·

Taking a 90% less salary (than the US) to lower your tax rate to 10% seems ill-advised. Salaries in Europe are horrendous for developers, they get screwed.

by 0xy 4y ago

AstralStorm 4y ago
By horrendous you mean we can actually afford owning a house sometimes, not living in a trailer, and do not risk going bankrupt when a big medical bill comes up. Oh and get most of the typical middle and some upper class luxuries, instead of get a yacht or get nothing.
- dunefox 4y ago
  > afford owning a house sometimes Good one. Maybe somewhere in rural Saxony, but not close to a larger city where I work.
- 0xy 4y ago
  The big medical bill is a lie concocted by those with a political agenda. Nobody ever pays the $100,000+ sticker prices of medical bills. Never. Doesn't happen. Firstly, if you have no insurance (very rare), you can negotiate very steep discounts with hospital and medical providers, as much as 90%+ off. Secondly, tech companies give out either free or highly subsidized health plans, of which none would require you to pay $100,000 out of pocket. Thirdly, out-of-pocket health expenses in the UK for example recently matched expenses in the US, so acting like Europe is a utopian health paradise seems exaggerated at best. Especially with 2 year long waiting lists for essential procedures like hip replacements.
dunefox 4y ago
I'm not even in the US and I earn much less and pay more taxes. I'm a Data Scientist/Software Developer and I can barely afford to live in the city I work in.
otagekki 4y ago
Ill-advised indeed. I'm paid €46k before taxes and social security (ie. very average income) with at take home of €27k after taxes. Most of my (frugal) living expenses for the year can be paid are on my first €16k. Which leaves me with approximately €10k for savings and leisure. If I were in the U.S. (Chicago), with a $104k before taxes and living expenses at $35k, I'm still left with $34k or €32k. A 3X increase in saving. YMMV. I went to university for 5 years but fortunately have no exorbitant student loan to pay back. And even if I did with full tuition I'd still be better off

Taking a 90% less salary (than the US) to lower your tax rate to 10% seems ill-advised. Salaries in Europe are horrendous for developers, they get screwed.

by 0xy 4y ago

Taking a 90% less salary (than the US) to lower your tax rate to 10% seems ill-advised. Salaries in Europe are horrendous for developers, they get screwed.

AstralStorm 4y ago

By horrendous you mean we can actually afford owning a house sometimes, not living in a trailer, and do not risk going bankrupt when a big medical bill comes up. Oh and get most of the typical middle and some upper class luxuries, instead of get a yacht or get nothing.

dunefox 4y ago
> afford owning a house sometimes Good one. Maybe somewhere in rural Saxony, but not close to a larger city where I work.
0xy 4y ago
The big medical bill is a lie concocted by those with a political agenda. Nobody ever pays the $100,000+ sticker prices of medical bills. Never. Doesn't happen. Firstly, if you have no insurance (very rare), you can negotiate very steep discounts with hospital and medical providers, as much as 90%+ off. Secondly, tech companies give out either free or highly subsidized health plans, of which none would require you to pay $100,000 out of pocket. Thirdly, out-of-pocket health expenses in the UK for example recently matched expenses in the US, so acting like Europe is a utopian health paradise seems exaggerated at best. Especially with 2 year long waiting lists for essential procedures like hip replacements.

dunefox 4y ago

I'm not even in the US and I earn much less and pay more taxes. I'm a Data Scientist/Software Developer and I can barely afford to live in the city I work in.

otagekki 4y ago

Ill-advised indeed. I'm paid €46k before taxes and social security (ie. very average income) with at take home of €27k after taxes. Most of my (frugal) living expenses for the year can be paid are on my first €16k. Which leaves me with approximately €10k for savings and leisure. If I were in the U.S. (Chicago), with a $104k before taxes and living expenses at $35k, I'm still left with $34k or €32k. A 3X increase in saving. YMMV. I went to university for 5 years but fortunately have no exorbitant student loan to pay back. And even if I did with full tuition I'd still be better off