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by vhgyu75e6u
1470 days ago
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> In Europe you will be low middle class for at least 10 years and then middle class for the rest. Considering US standards. > There is no mobility in Europe and even if you are promoted taxes will take care of that. This is nonsense to the highest level considering we are talking about a family of a PM and a SDE. OP disregard the parent comment because he is clearly out of his depth talking about life in Europe. Good SDEs can pick good compensations in Europe to be able to afford a house and more. |
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Then taxes[1].
"As shown in the figure, the overall tax burden on wages is roughly 17% higher in Germany than in the U.S. While social security contributions (employer and employee) account for less than half of the U.S. wage tax burden, they account for more than two-thirds in Germany."
[1] - https://www.chicagofed.org/publications/chicago-fed-letter/2...