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/biz/ - Business & Finance

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53513150 No.53513150 [Reply] [Original]

Why Americans talk about salaries BEFORE taxes? What’s the point? All these making 100k per month doesn’t make any sense. I make 4300EUR after taxes and I feel poor reading this bullshit. Please explain.

>> No.53513160

>>53513150
>per year
Obviously

>> No.53513248

>>53513150
Because taxes are different from state to state, so it's easier to compare your wealth (worth to society) beforehand

>> No.53513269
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53513269

>>53513150

Salary shouldn't even matter. What truly matters is your happiness and connection to the universe.

>> No.53513304

>>53513269
Gay

>> No.53513330

>>53513150
Americans pay a lot less tax (but they have no infrastructure, child care, social housing or health care)

>> No.53513336
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53513336

>>53513304

>> No.53513340
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53513340

>>53513330
We pay more taxes but they have no infrastructure, child care, social housing or health care.

>> No.53513351

>>53513150
taxes vary from state to state, county to county. even within the same state or county your taxes can vary depending on your pre-tax deductions (401k, health insurance, HSA savings, etc.), your marriage status, how many kids you have, and how many other deductions you have or may not have.

>> No.53513364

>>53513150
Holy ESL

>> No.53513368
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53513368

>>53513150
>EUR

>> No.53513378

>>53513351
Still a bit confusing for me, because I don’t even know how much taxes I’m paying, but it makes sense, thanks

>> No.53513416 [DELETED] 

>>53513378
In Germany it's progressive.
Roughly, per month

gross = €500 + net / 2

So if you make 5000 per month, you really get 3000.
If you make 3000 per month, you really get 2000.

>> No.53513435

>>53513378
In Germany it's progressive.
Roughly, per month

net = €500 + gross / 2

So if you make 5000 per month, you really get 3000.
If you make 3000 per month, you really get 2000.

>> No.53513440
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53513440

>>53513150
>>53513368