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In Germany, the total taxes on 100K is 34%. The marginal rate is 44%. That's before deductions, which in Germany will be plentiful. At that level you will pay
by ant6n 4y ago
In Germany, the total taxes on 100K is 34%. The marginal rate is 44%. That's before deductions, which in Germany will be plentiful.
At that level you will pay 800€ per month for public health insurance (it's a percentage up to about 65K income, then capped). Public health insurance allows you to cover children and non-working spouses for free.
https://www.bmf-steuerrechner.de/ekst/eingabeformekst.xhtml https://www.bmf-steuerrechner.de/ekst/eingabeformekst.xhtml
- pkaye 4y agoIs the 800€ the maximum paid per month since it already reached the cap? Does the company subsidize any of that?
- ant6n 4y agoYes (15%, cap at 65k income). Yes (for the company it’s like a payroll tax, they also pay 15%, capped at 65k).
- pkaye 4y agoSo the premiums are not too different between US and Germany. The two advantages I see with Germany is the premiums are proportional to income and likely costs of procedures and medications are better negotiated by the government. Do you have to deal with copay (a small amount you pay per procedure)? If you are curious about US insurance plans, here is California website for estimating insurance costs. Basically the costs scale with income, number of individuals and their age and their desired level of coverage. https://apply.coveredca.com/lw-shopandcompare/ https://apply.coveredca.com/lw-shopandcompare/