4 ms·
An important point is that a distorted picture is produced through a straight salary comparison between an EU position and a US one. There are a number of reaso
by Communitivity 4y ago
An important point is that a distorted picture is produced through a straight salary comparison between an EU position and a US one. There are a number of reasons, but the two biggest are taxes and healthcare. The EU will likely have higher taxes, but much (much) lower healthcare.
I make $170k a year after 20 years, in the US, and I barely consider myself a success (sometimes I don't - had I not messed up I'd likely be a millionaire today). I messed up early on with college and won't have a B.S. in C.S until next year. I pay roughly 30% a year in taxes, and have around a $10k total deductible for self/family, though a lot is covered with only a minimal co-pay of $10-$50 per visit (figure 2 visits per month, $1000 per year).
Look at the whole compensation package:
- Salary
- Taxes
- Employer 401k contribution
- Vacation
- Healthcare
- Profit sharing
- Etc.