3 ms·
Yes, the situation is bad. Anyway, comparing earning 175k USD to 162.37k EUR: Germany, married with 2 children, Stay At Home Mom Scenario, Tax Category 3, Ber
by greenavocado 3y ago
Yes, the situation is bad.
Anyway, comparing earning 175k USD to 162.37k EUR:
Germany, married with 2 children, Stay At Home Mom Scenario, Tax Category 3, Berlin Region:
Solidarity + Salary Tax is EUR 40.428,00
Pension Insurance: 8.314,20 €
Unemployment Insurance: 1.162,20 €
Care Insurance: 900,45 €
Total: 50.805 € = $54,706 before health insurance
Virginia, USA, same scenario as above, incl. 2 child tax credit of $4000, four state exemptions: FICA + Federal + State Tax - Child Care Credit: $44,162-$4,000 = $40,162 before health insurance
Germany costs $14,544 a year more for a family with two kids before health insurance. To be fair though, the differences are lesser for most Germans, as almost no common jobs pay over 120k EUR gross.