Living on $100k After Taxes in Germany #germany #conservative #liberal #taxes #salary

[thenextgenbusiness]

Thank you to everyone who pointed out how the total doesn't add up correctly 🤝 We forgot to add health insurance for approximately $5, 674 at the start! The tax rate remains the same and is 100% correct though! 👍

[jacobfischer]

Here I thought some states had too high of taxes lol

[peraltaisrael]

To the fools here comparing Germany to California… if you make 100k in California you’d be taxed 30k! 13k less

[theanxietynurse]

Any european country and in Japan have high rates of taxes
But if you look at the healthcare system, roadways, structures and anything
It is justifiable to me

No one goes bankrupt here bec you need a treatment or hospitalization

Meanwhile in the USA

No matter how big is your salary and coverage in insurance there is always a limit and ceiling

So.

You choose

[TruckieLooksAliens]

That’s exactly what 100k looks like in NyC. When I had my first check it was 24-26 % fed, 10% of state, nyc tax 3.9% and the other taxes. It’s the same. It’s cut in half by the time all the other BS is taken out.

[somesomesomesomereason]

This is why I love FL. This shit is crazy af

[reallifeengineer]

That and: things sold in Germany carry a 19% VAT. (Sales tax)

Granted, prices marked in stores are with VAT already included.
But still, we’re talking about tax-tapping from every “flow point” that money goes through.

[thenextgenbusiness]

What country or state do you want to see next?

[HalduBouyaNono]

German population is very old, one of the oldest of all Europe. So their public hospitals really need that lot of money.
By the way, having 57.000$ by year allow a very confortable level of life in any western European country

[kinokanadechi]

It is important to consider that 100, 000 annual income is not super common as you generally do not have high salaries in Germany compared to the US. Things like education, health care and everything are things I probably do not have to talk about but the average person will not be placed in such a high tax group and there are many ways to reduce the amount of tax one pays. Couples, families and so on pay substantially less than singles for example and there are quite a few ways for the government to give one special benefits. Also while there is VAT and so on, from my experiences at least, you also generally pay less in housing, groceries and so on compared to the US. That obviously does not go for everywhere and everything; it depends on where you live of course. Also a nice thing to take into it is the import of goods across European countries which is freed of import taxes. That may or may not be a nice benefit for some.

[ktm]

You're leaving out universal healthcare, no tuition college, and other social benefits that we in the US pay for ON TOP of taxes.

[MR-cmjg]

Can you do other countries as well? I am mostly interested in England and The Netherlands. (p.s. love your content!)

[noone-umhk]

Don't forget the Value added tax (VAT) that's 19% on purchases

[samm]

It looks bad on the surface but the benefits make up for it. Remember to not judge a book by its cover page. 😎🇩🇪

[raihahuq]

Me who thought taxes in Ontario Canada were high enough.

[Normal-gllv]

Taxes are higher than in my home country, but I think the high taxes are reasonable considering that university tuition is free in Germany and hospital consultations are also free.

[bisonbro]

Taxes in Germany vary wildly depending upon where you live,

[B.A.B.G.]

The Soli as we call it here is being abolished.

[hancockev]

How did u get 42k should be about 36, 952 as long as you didn't forget anything.

[WillieFungo]

This is disgusting. Keep your "free healthcare" bla bla bla. I would rather have my money.