4 ms·
The net revenue he gets is actually reasonable.
by trollied 3y ago
The net revenue he gets is actually reasonable.
- jurgenkesker 3y agoYes, here in The Netherlands I keep 60% of such income, compared to his 90% after tax.
- isoprophlex 3y agoYeah. Start a BV (privately owned company) here and the tax calculation is similar, if not worse, in complexity and you get to hand over ~40% of your money... in a country with vastly higher CoL
- Jhsto 3y agoIt should be noted that for Europeans other alternatives exist, as you can freely shop any EU country to incorporate a business. Many of my tech friends have set a company in Estonia for tax planning once they have hit a certain revenue (and 0% corporate income tax).
- newaccount74 3y agoYou will still need to pay taxes once you take any money out of that company; whether it's payroll tax or capital gains tax. And there's also health insurance and pensions insurance.
- jeduan 3y agoYeah. Was surprised to see him complain about a 15% business / income tax.
- m_a_g 3y agoAs a person from a country similar to Romania, I can empathize with him. When you lose trust in the state and how they spend your money, even a 1% tax is too much.
- Nextgrid 3y agoI think the countries where you actually get your money's worth when it comes to taxes is very small, and even then, it's not clear whether it's due to good policy or merely luck and riding off previous successes that are being eroded by short-sightedness, stupidity/incompetence or corruption (also known as "lobbying" in the West).
- alin23 3y agoThe problem for me is not having to pay that tax. The problem is that we as Romanian citizens never see anything good done with them. And that's why I feel the need to complain. We're out of communism for more than 30 years but the mentality of officials has barely changed. People are dying in dirty hospitals of infections that they didn't have before getting there (see Colectiv 2015). Analphabetism is higher than in previous years. You will choke and get lung pain if you want to take a walk on the street in most villages because of the coal being burned by poor people. Education and healthcare are in dire need of money, and we're always on a tight budget and raising taxes.
- Andrew_nenakhov 3y agoBtw, Ceausescu was executed on this very day, December 25, thirty-four years ago. I was in the 3rd grade and our very distressed primary school teacher told us that some bad people in Romania have overthrown the Communist Party rule! That was the first political information session I ever was put into, and, luckily, there weren't much more of them later due to the dissolution of the USSR.
- debugnik 3y ago> see Colectiv 2015 > At least 13 of the victims that died in hospitals were killed by bacteria, probably because the disinfectant used was diluted by the manufacturer to save money. (From Wikipedia.) That's so sad to read, considering they had actually survived the fire.
- croemer 3y agoIf the tax rate is so low, it's no surprise there's no money for education and health care - given that Romania isn't Switzerland. Sure there will be corruption but it can't all go to corruption.
- vinni2 3y agoI’ve never worked as a consultant but is it reasonable to assume you always have work (8*21 hours) which pays $120 per hour?
- bdcravens 3y agoNo, but estimating being booked 75%+ isn't unreasonable.
- xenospn 3y agoI do consulting work sometimes - I cap it at 10hr/month and charge $250/hr. That’s a good way of ensuring random jobs don’t take over your life. And yes; there’s always more work.
- alin23 3y agoNot really, that was a wild extrapolation on my part. But I did have at least 2 other companies waiting for me to be available on other projects, so in my specific case it would have been possible to continue working like that for the full year.
- codingcodingboy 3y agoRomania is basically a tax haven in Europe and he complains.
- avtolik 3y agoPoor eastern-European countries cannot compete easily for investments. Bad infrastructure, brain drain, small working population, judicial system, etc. Taxes is one of few things that they can use to attract investors.