Is the us vs EU wage distinction exaggerated? : eupersonalfinance

by akoloy


People usually complain in regards to the excessive taxes and low salaries in europe. I did a comparability between the Netherlands and US and the online salaries are virtually the identical.

Netherlands

100k euros = 5k monthly

150k euros = 7k monthly

Source: https://thetax.nl/?year=2021&startFrom=Year&salary=100000&allowance=0&socialSecurity=1&retired=0&ruling=0&rulingChoice=normal

Us(utilizing ny as taxes differ per state)

100k usd =5800 {dollars} monthly

150k usd= 8400 {dollars} monthly

When changing usd to euro the salaries are virtually similar. The taxes are virtually the identical(until the websites are fallacious or I made some mistake)

Excluding faang salaries, most job postings I’ve seen for ny are 120-160k per 12 months. It is not a lot completely different while you do forex conversion.

Note: I’m solely speaking in regards to the tech salaries right here, not the typical wage



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