4 ms·

net or gross? and what about specify state? USA is not the same as France or India

icode 15y ago
From the numbers people seem to put in their gross income. I would find it interestin to see how much is taken away by the goverment for different salaries and locations. In Germany, the government takes away roughly 50% of your income.
- dangrossman 15y ago
  It's not that different for some situations in the US. When you add federal, state, county and township personal & business taxes for me (self-employed), it comes out to around 40% of my income... and once I spend any of it, the sales tax is 7% here.
- deleted 15y ago
  [deleted]
  - nknight 15y ago
    Where do you get those numbers from? If you're taking the top tax bracket, don't, that tells you absolutely nothing about an individual's effective tax rate.
    - dev_jim 15y ago
      In NYC you will pay about 50% of your gross income if you are just barely qualify for the marginal top tax bracket. Of course these numbers mean squat for your own personal situation: Federal - ~25% effective, not marginal State - 8% Local - 4% Payroll - 13% on the first 100k or so. 2.5% on the rest. Sales Tax - 9%
  - rsynnott 15y ago
    Where are you getting these? They look like the marginal tax rates, which don't really tell you all that much.
- yaix 15y ago
  Last line is bs. Its not "the government". Taxes are much less. It includes all kinds of insurances included (medical, unemployment, retirement, etc.)
  - icode 15y ago
    Normaly I would not answer someone who calls my writing "bs". But since its a public discussion, I want to get the facts straight: I pay 42% taxes on income. I pay medical insurance on my own. I dont have unemployment or retirement insurance.
    - ckuehne 15y ago
      Are you sure? You need an income of over 300k Euro to reach 42% taxes in Germany. Not saying, that you are not making that much. But sometimes people get confused between marginal and average tax rate.
    - yaix 15y ago
      The highest step is 42%, but overall you pay much less. On the first 8k you pay nothing for instance, then you pay some 20% on the next 20k or so, and so on. The last step is 42% for everything above 200k or so.
rickmb 15y ago
These numbers are meaningless outside the US. And I don't just mean taxes. Cost of living, housing, healthcare, insurances, transportation, social security, all of these things are so vastly different outside the US. It's pointless to compare US salaries to those in France or India.
- gst 15y ago
  It's even different inside the US. For example, my company currently pays all health care costs for me (in addition to the salary). But as I understand with many other (small?) companies you have to pay for the insurance yourself.
  - nknight 15y ago
    The correlation between company size and amount of insurance premium paid by the company isn't very strong in my experience, at least for tech companies. The smallest percentage I paid was at the smallest company, actually. It's got more to do with the attitude of management, but oddly, even the companies that pay all or almost all of the premiums don't seem to discuss that.

icode 15y ago

From the numbers people seem to put in their gross income. I would find it interestin to see how much is taken away by the goverment for different salaries and locations. In Germany, the government takes away roughly 50% of your income.

dangrossman 15y ago
It's not that different for some situations in the US. When you add federal, state, county and township personal & business taxes for me (self-employed), it comes out to around 40% of my income... and once I spend any of it, the sales tax is 7% here.
deleted 15y ago
[deleted]
- nknight 15y ago
  Where do you get those numbers from? If you're taking the top tax bracket, don't, that tells you absolutely nothing about an individual's effective tax rate.
  - dev_jim 15y ago
    In NYC you will pay about 50% of your gross income if you are just barely qualify for the marginal top tax bracket. Of course these numbers mean squat for your own personal situation: Federal - ~25% effective, not marginal State - 8% Local - 4% Payroll - 13% on the first 100k or so. 2.5% on the rest. Sales Tax - 9%
- rsynnott 15y ago
  Where are you getting these? They look like the marginal tax rates, which don't really tell you all that much.
yaix 15y ago
Last line is bs. Its not "the government". Taxes are much less. It includes all kinds of insurances included (medical, unemployment, retirement, etc.)
- icode 15y ago
  Normaly I would not answer someone who calls my writing "bs". But since its a public discussion, I want to get the facts straight: I pay 42% taxes on income. I pay medical insurance on my own. I dont have unemployment or retirement insurance.
  - ckuehne 15y ago
    Are you sure? You need an income of over 300k Euro to reach 42% taxes in Germany. Not saying, that you are not making that much. But sometimes people get confused between marginal and average tax rate.
  - yaix 15y ago
    The highest step is 42%, but overall you pay much less. On the first 8k you pay nothing for instance, then you pay some 20% on the next 20k or so, and so on. The last step is 42% for everything above 200k or so.

rickmb 15y ago

These numbers are meaningless outside the US. And I don't just mean taxes. Cost of living, housing, healthcare, insurances, transportation, social security, all of these things are so vastly different outside the US. It's pointless to compare US salaries to those in France or India.

gst 15y ago
It's even different inside the US. For example, my company currently pays all health care costs for me (in addition to the salary). But as I understand with many other (small?) companies you have to pay for the insurance yourself.
- nknight 15y ago
  The correlation between company size and amount of insurance premium paid by the company isn't very strong in my experience, at least for tech companies. The smallest percentage I paid was at the smallest company, actually. It's got more to do with the attitude of management, but oddly, even the companies that pay all or almost all of the premiums don't seem to discuss that.