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According to https://smartasset.com/taxes/california-tax-calculator# https://smartasset.com/taxes/california-tax-calculator# and https://listentotaxman.com/?
by ta1243 2y ago
According to
https://smartasset.com/taxes/california-tax-calculator# https://smartasset.com/taxes/california-tax-calculator#
and
https://listentotaxman.com/?ingr=100000 https://listentotaxman.com/?ingr=100000
Someone on £100k a year in the UK will keep £68,561
Someone on £100k a year in California will keep £69,291.73
That doesn't feel a massive difference.
- Insanity 2y agoBut earning 'only' £100k would be on the lower end in Cali.
- ta1243 2y ago"The median salary for full-time workers in California is $66,986" -- https://www.incomebyzipcode.com/california https://www.incomebyzipcode.com/california Salary difference isn't because of tax (employer NI contributions in the UK are high - £12,500 for £100k, but employer healthcare is high in the US) The assertion was that employee taxes were high in europe. Now they may be in mainland, but in the UK that's not particularly true, not at 100k range anyway. On the California median salary of $67k, in the US you keep $51,915, in the UK you keep $51,741, practically the same. At $500k, in California you'd keep $287k, in the UK $279k, so 3% difference there at the 8-times median CA wage, I'll admit that. At that salary though the employer contribution to tax in the UK is significantly higher than healthcare contribution in the US, so sure, probably around 10% difference in total. There's basically no difference in income taxes between the UK and US, that doesn't explain the massive salary difference.
- Insanity 2y agoI thought this discussion was focused on engineering. Median salary of 67k for SDEs sounds .. low? Any Californians want to weigh in? :) EDIT: median salary in SF: https://www.levels.fyi/t/software-engineer/locations/san-francisco-bay-area https://www.levels.fyi/t/software-engineer/locations/san-fra... would be >350k USD.
- ta1243 2y agoThe assertion was there are high taxes. There aren't, even for those on $500k a year.
- Insanity 2y agoGotcha, sorry, missed that that was your point. Agreed, the taxes issue is kind of blown out of proportion. I'd rather pay more taxes and have good (/ cheap) healthcare and education to be honest.
- gpderetta 2y agoIn the UK, taxes are abnormally high in the 100k-125k band.
- Lionga 2y agoIn Germany you'd keep less then 50K of that.
- ta1243 2y agohttps://salaryaftertax.com/de/salary-calculator https://salaryaftertax.com/de/salary-calculator says you'd keep £57,705, £10k less.
- f1shy 2y agoOh oh hold your horses. That is TAX, above TAX in Germany you will have to pay "social loads" for health, pension fonds, church, etc... You get to keep much less than that! Even when in UK is the same, you still have to pay the TV-tax, VAT 19%, fuel prices are high because of gigantic taxes, all of those do not exist in USA. Also in Germany public health is getting more expensive (there was an increase of 1% this year) and worse (although still good). Also education is getting more expensive slowly.
- Lionga 2y agoit is just plain wrong
- syndicatedjelly 2y agoCalifornia has the worst taxation scheme in the US, living and working there is not the way to get ahead financially in America anymore
- ta1243 2y agoAccording to that link, income tax in NYC at $200k is even higher ($69,160 tax rather than $68,504 in San Francisco)