Or comparing European vs US wages
At least we don’t have to deduct 45% of our wages for the eventuality of needing a doctor and also walking 10km with a broken leg to avoid an ambulance ride.
In Germany we get deducted around 40% directly, before the money even reaches us q.q
Tbf that includes health care as well as taxes already and also we are a smidge farther away from fascism.
I know right. It’s so weird here. People should just negotiate after tax salary and calculate everything after tax. But I guess everyone likes saying big numbers and then get angry government is taking a portion.
Honestly you should just have business pay tax like: x% for profits + y% (less than x) for employees’ salaries. That way they’ve incentives to pay salary over keeping profits (growing company is better long term). And employees don’t have to pay any tax themselves. And they negotiate amd work for after tax salary, no need to feel like gov is taking their money.
So here in Italy it’s advisable to use “RAL” when discussing employment contracts, which is yearly GROSS pay, but it’s also rather easy to translate that amount to net pay, and it’s what people usually do
Okay so a lot of people are telling you incorrectly, most people do get paid with their taxes taken out already and there are penalties for not doing so but technically it is optional.
Yes, we still get taxed and then we have to pay out of pocket for health insurance. Luckily my company has some good, cheap insurance. I also take advantage of the high deductible program so I can save tax free money in my health savings account.
The high deductible is the insurance company taking advantage of you. The fact that you can save for that tax free does not offset that you shouldn’t have to pay for it in the first place.
Or comparing European vs US wages
At least we don’t have to deduct 45% of our wages for the eventuality of needing a doctor and also walking 10km with a broken leg to avoid an ambulance ride.
As an American, I take offense to this. We would never use kilometers
In Germany we get deducted around 40% directly, before the money even reaches us q.q Tbf that includes health care as well as taxes already and also we are a smidge farther away from fascism.
Yeah don’t Americans get paid taxes included? Here in Italy I get my wage with income tax, welfare costs etc already deducted.
I know right. It’s so weird here. People should just negotiate after tax salary and calculate everything after tax. But I guess everyone likes saying big numbers and then get angry government is taking a portion.
Honestly you should just have business pay tax like: x% for profits + y% (less than x) for employees’ salaries. That way they’ve incentives to pay salary over keeping profits (growing company is better long term). And employees don’t have to pay any tax themselves. And they negotiate amd work for after tax salary, no need to feel like gov is taking their money.
So here in Italy it’s advisable to use “RAL” when discussing employment contracts, which is yearly GROSS pay, but it’s also rather easy to translate that amount to net pay, and it’s what people usually do
I am.in the US, taxes come out of the paycheck before its paid.
On my check, before Inget it it pays
Taxes
Social security
401k
Health insurance premium
Dental insurance premium
Union dues
I think a few other small misc things.
Okay so a lot of people are telling you incorrectly, most people do get paid with their taxes taken out already and there are penalties for not doing so but technically it is optional.
Yes, we still get taxed and then we have to pay out of pocket for health insurance. Luckily my company has some good, cheap insurance. I also take advantage of the high deductible program so I can save tax free money in my health savings account.
The high deductible is the insurance company taking advantage of you. The fact that you can save for that tax free does not offset that you shouldn’t have to pay for it in the first place.
I’m not saying it does, but that it does have a silver lining at least.
Apples and oranges.
Contractors get paid directly with no taxes taken out. They must deduct it from their pay themselves.
Employees get taxes deducted before they are paid.
Ok but the meme doesn’t mention the type of employment
It was mentioned in other comments.
Can’t assume I’ve read anything but the comments upstream to me