Comment

Comment by woodpanel

(fictional, simplified) Example for a Software Engineer based in Germany [1]:

Gross income: 100.000 EUR / year [2]

-------------------------

TAXES

- Income tax (28.600 EUR)

- "solidarity premium" (2.300 EUR)

- church tax (1.600 € - cumpolsory until you leave the curch)

SOCIAL SECURITY (compulsory)

- unemployed insurance (1.200 EUR)

- pension insurance (7.300 EUR)

- health insurance (4.500 EUR)

- long term care (800 EUR)

-------------------------

Net income: 53.700 EUR

Add to that what is often called gross-gross-income: Hidden from your paycheck is that social security has to be paid by your employer as well (so in this case amounts to 113.080 EUR which makes for a combined rate of 53%) [3]

[1] Hypothetical young graduate from Italy/Spain/France: Unmarried, no children and catholic

[2] 100k is not the typical pay for freshly graduated-from-school devs in Germany, but an attainable income goal after some working years nonetheless

[3] some exemptions in that employer-part, its a bit less than the employee-part

parent woodpanel 8 years ago

Discussion

Live from the official Hacker News API

A modern reader for Hacker News · SvelteKit + Skeleton