4 ms·
Yup. But that's marginal tax rate. Average tax rate for e.g. 150k EUR income is 37.8%. See https://www.bmf-steuerrechner.de/ekst/eingabeformekst.xhtml https://
by felixge 4y ago
Yup. But that's marginal tax rate. Average tax rate for e.g. 150k EUR income is 37.8%.
See https://www.bmf-steuerrechner.de/ekst/eingabeformekst.xhtml https://www.bmf-steuerrechner.de/ekst/eingabeformekst.xhtml
- Ar-Curunir 4y agoThat’s surprisingly low, not too different from US tax rates!
- SZJX 4y agoThe employee has to pay a ton of social security contributions and insurance in Germany, which in many other countries are paid by the employer, making the net salary most likely about half of the gross salary.
- felixge 4y agoTrue! But it's also worth noting that those contributions are capped in Germany. This is different from other EU countries such as Portugal. For pension the cap is ~85k. For public health insurance is ~58k EUR, but you can opt out of this and get private health insurance instead as well.