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Is this 100k gross or net pay?
by kybernetyk 4y ago
Is this 100k gross or net pay?
- orthoxerox 4y ago100% gross
- manmal 4y agoGross. Net depends on various factors (kids, spouse etc) so isn’t usually used for comparison. Personally I‘m living in Austria, where things are quite similar - I‘d say 100k gross should work out to 55k net for a freelancer. That’s after having paid for a deductible company car and hardware etc, so, again, hard to compare to others.
- throwaway908365 4y agoIt is gross, but very hard to compare, because it does not include your employer having to pay halfes on social securities. Actual gross would be something like 120k, but with obligatory expenses, you cannot opt out of. Net would be something like 55k if you are single, but you already paid into a mandatory retirement plan and you, your kids (and laughably also your partner) are health insured.
- f1shy 4y agoGross... and about the 1/2 goes away. Like 45%. Also depending on where you come from, you can be shock by the 19% VAT on almost everything. While food is cheap, some other things are more expensive (tech stuff). The gov. has good health service, and also education. But the education system has some interesting limitations, that may surprise you.
- fxtentacle 4y agoFYI you only pay 45% on the income that exceeds 277826€ annually. A typical rate for 100k€ income for a family of 4 would be 15%.
- single_identity 4y agoI'll say again. Please stop spreading this nonsense information around the thread. Either you're very much misinformed or motivated by something else. Just stop.