Living on $100k After Taxes in Germany

[@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! 👍

[@paulpaintshop103]

And don't forget they have VAT @20% on the remaining money.

[@brianfox340]

@@paulpaintshop103 this is what I came to mention, and that VAT applies to services as well, unlike sales tax

[@Maxemann600]

Defenitly not correct

[@ceciliaayala3923]

@@paulpaintshop103that is a lot of taxes

[@jacobfischer8385]

Here I thought some states had too high of taxes lol

[@ryanmathew5883]

Yeah but they also get a lot of services for their taxes

[@C-64]

That’s why England has free health insurance
Their taxes are insane

[@seanmoody50]

@@ryanmathew5883 not to mention a lot of states you will pay a tax similar to this or even more for next to no public services because the government gives all the money to the military and their billionaire buddies

[@memorimusic420]

42% is a rookie number

[@fayadbozan3321]

Germany is the highest country in terms of taxes, 45 percent of your salary

[@peraltaisrael2598]

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

[@michelbruns]

Finally someone who doesnt compare californias tax rate on 1.5 million dollars to germanies on 100k dollars

[@mjnoir1]

Does Germany have universal Healthcare and free college?

[@Shortshorts122]

Yes
You only pay very very little fees

[@somesomesomesomereason5055]

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

[@flyingtube9985]

FL is lame

[@xemtuvi-nhiettinh-az]

😂where isfl bro

[@TruckieLooks4Aliens]

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.

[@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

[@reallifeengineer7214]

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.

[@raihahuq1826]

Me who thought taxes in Ontario Canada were high enough.

[@campbell107]

Do Dubai and Romania

[@MR-cm1jg]

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

[@fayadbozan3321]

If you go to any country, you don't come to Germany, the tax is 50, but the highest tax you pay is 100.000

[@thenextgenbusiness]

What country or state do you want to see next?

[@naturalslayer8803]

Italy

[@goomerdoctor9479]

Romania

[@jakes5530]

Virginia 100k

[@redneck4200000]

Alberta!

[@Generalmurphy-px1ud]

South Dakota

[@franchesobanderas5425]

DAMN thought California was high

[@michelbruns]

Its always like that with americans..
And germanies tax rate gets high real quick not as in the us where you can earn 300k and still not pay the highest tax rate

[@Tilyrtravis]

But in California you don't have guaranteed retirement and medical insurance

[@tylerclayton6081]

@@Tilyrtravis everybody has health insurance in the US. You just have to buy it or get it from your workplace. If you buy it, it’s about $500 per month. So $6000 per year

[@JakGruen]

@@tylerclayton6081 that's stupid high. I pay around 50$ a month and it covers everything.

[@janee7995]

@@tylerclayton6081 ok so you pay 500 a month .. now you get a cancer and get treatment . How much do you need to pay now ? Btw you are so sick you cant go to work for 3 weeks.

[@hancockev]

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

[@chadarmstrong5617]

Yeah, that's what I came up with also, maybe he left something out.

[@juketreks2192]

Not to mention annual property taxes.

[@thenextgenbusiness]

Apologies! We forgot to add health insurance at the start for $5,674 🫡 (Check pinned comment)

[@ozymandias8523]

@@thenextgenbusiness I think you shoulf re-do the video

[@Creeezzz777]

@@ozymandias8523 cry

[@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.

[@fayadbozan3321]

Germany is the highest country in terms of taxes, 45 percent of your salary

[@BeginnerBites]

Missouri over here just waiting.

[@icarusfx]

I spent some time in Missouri. Y’all should raise your taxes and start some repairs, it needs it.

[@bisonbro7]

Taxes in Germany vary wildly depending upon where you live,

[@DerVersteherPlus]

No, taxes are almost everywhere the same. The only taxes that vary are property and business taxes.

[@fayadbozan3321]

Germany is the highest country in terms of taxes, 45 percent of your salary

[@HalduBouyaNono2]

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

[@fslolo6622]

True

[@focusmissy7500]

Wrong, look at Munich apartment rents

[@beumler1406]

@@focusmissy7500 Checking right now, and lowest one I could find (with 2 minutes of research) which is available for new renters is about 1k (heating included) for 75m2 in Obermenzing, 81247 Munich. According to kununu the average salary (in 2021) of someone living in Munich is 55.763 Euro (before taxes). So, if you earn above average in Munich, you can live pretty comfortable. So take you arrogant pos reply and shove it up your bum.

[@fayadbozan3321]

Germany is the highest country in terms of taxes, 45 percent of your salary

[@deathcore_666]

​@@fayadbozan3321you only pay 45 % if you make over 250k, and the video is also false btw :)

[@JohnAC4]

“Autobahn”👀

[@noone-um4hk]

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

[@samm9017]

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

[@Elias171]

But hey you get "free" Healthcare 😀

[@sairamr6886]

*Laughs in South Asia

[@mmmd3429]

"Free" is a myth pushed by the media. No free lunch!

[@aarongalindo2835]

And almost get tax 50%

[@Preetzole]

Healthcare costs about $6k in germany, whereas it cost around $11k in the USA. That extra 5k doesn't result in better care (US consistently has the worst health outcomes of all developed countries), all it does is go straight into the pockets of middlemen.
Oh and that doesn't include the cost of medical procedures and prescription drugs which is marked up tens or hundreds of times in the US.

[@desertisland7747]

It's free at the point of contact, no after treatment bills regardless of the cost with government investment in the lastetst medical technologies.

[@analogdistortion]

43% round up

[@B.A.B.G.]

The Soli as we call it here is being abolished.

Don't forget the Steuerklassen, which are based on your current life situation

[@karlbarnett5863]

Wow that's high.

[@HandOfTyrr]

Considering they actually get to use benefits associated from their taxes, not really.

[@karlbarnett5863]

@@HandOfTyrr yeah but so do we here in New Zealand. And our taxes are nothing like that.

[@paulpaintshop103]

Plus 20% on everything they purchase.

[@karlbarnett5863]

@@paulpaintshop103 woah. We have a goods and services tax of 12.5% here. (G.S.T) but it means we don't tip at all.
You can though if you thought the service was really good, but it's entirely up to you.

[@coopsnz1]

@@paulpaintshop103 excise taxes & duties = 70% tax

[@joshuacarpenter8451]

Were still lucky here in the USA🇺🇲

[@alexaw.3602]

Yeah so true. I would die for no public healthcare, no infrastructure, no support from the government and almost no freedom. 😍

[@MAUSAM98766]

​@@alexaw.3602😂😂

[@Normal-gl8lv]

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.

[@ktm4042]

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

[@RR-qf9re]

You can do this yourself by googling tax brackets and apply percentages

[@ibrokhimshukrullaev7164]

Do Canada next

[@pankunikarn8947]

A lot less than the Us and they get a lot more in services than America

[@Fallout3ProHunter]

It’s crazy how it’s a similar amount to what we get taxed in California and the public services we get compared to them are absolutely nothing

[@peraltaisrael2598]

If you make 100k in California you’ll be taxed 30K in taxes. What the hell are you talking about?

[@Fallout3ProHunter]

@@peraltaisrael2598 the question is more so what the hell are you talking about? The taxes in both compared places are not significantly far off so what point are you attempting to make bud?

[@michelbruns]

But this is for 100k income, americas taxes only get as high as in his ca video, after you earn like 350k a year, which almost no one does, most people have a tiny tax rate in america and california compared to this

[@tonydanis1480]

@@Fallout3ProHunter Don't you know how to use deductions? You should be able to halve your Ca state and Federal tax rate.
Make $250,000 p.a. and have mortgage and several tax deductions, you shouldn't pay more than 12% taxes.

[@ulrichkristensen4087]

Two words Universal healthcare and free education

[@SteveRood1]

@@moes548 And often proven, Better doctors aswell

[@xandro2445]

Public transportation, history, and close to other travel destinations.

[@tawansrithrachaikul4573]

@@xandro2445 public transportation is not free in Germany as far as I'm concerned. History is priceless. And travel destinations, to enjoy them, you need more money after taxes.

[@beumler1406]

@@moes548 America number 1 lol

[@ashlynmusic8165]

​@@tawansrithrachaikul4573 public transportation is just 29€ for a month now and free healthcare the states don't have that mate one big flaw . Plus this countries poverty rate is much much lower that the states also to mention it's much safer in Germany than in the states lmao.

[@brianfox340]

Don't forget, Germany has a 19% VAT, which is like sales tax but included services as well, which makes it much higher than anywhere on America.

[@alexaw.3602]

It's 7 percent for most things

[@coopsnz1]

Excise taxes & duties

[@coopsnz1]

House in Germany €800000 in usa $300000 why only 47% people own homes in Germany

[@TheMap1997]

Holy with free healthcare and education, that's actually not a bad deal

[@GT-xw7qy]

If you make 100k in the US you probably have employer sponsored health insurance too.

[@melinda67]

Only that not a single person makes 100k. You could be department head at BMW corporate and make about 75k.

[@TheMap1997]

@@GT-xw7qy lol i meant it's a better deal because the tax rate is lower then usa but you got more social benefits

[@GT-xw7qy]

It may be a better deal for others but unlikely for the person making 100k.

[@Preetzole]

@@GT-xw7qy Nope, you are completely wrong. The average American pays about $11k for the literal worst healthcare system (in almost every metric) out of all developed nations, whereas other countries pay between $4k-7k per person. That's also not to mention the fact that the US healthcare industry marks up the cost of procedures and medicine by tens to hundreds of times that of other countries. And a lot of the time, you don't even pay at all in other developed nations. In Germany, an MRI is covered by insurance if you are in need of one, whereas Americans pay $1,300 on average.
Tldr is that Americans pay more per year, more per procedure, and more per prescription drug for the worst care and inaccessibility, yet we still have dumbasses like you trying to defend healthcare CEOs wanting to buy a new yacht every year.
This isnt something I'm just pulling out of my ass. This is publically available information. You can look at the numbers yourself and I encourage you to do so.

[@alwizardus]

42% ???? That's alot

[@Preetzole]

Yeah but things like healthcare are paid for by taxes at half the cost of a place like the US so they end up saving more money comparatively. It's misleading to compare numbers like this without context.

[@anjaschneider532]

At the end it's 71/72% taxes. He didn't tell everything...it's horrible!!! No normal living possible in Germany.

[@easterlake]

@@anjaschneider532 you can say anything you want. Show the numbers.

[@anjaschneider532]

@@easterlake 🤣🤣🤣 you are lost, my friend!

[@Preetzole]

@@anjaschneider532 Don't listen to this comment everyone. They're just a troll.

[@No4Or4Sec1]

Usa have more taxes,about 60%thay paying even for the grass outside at their yards...

[@spenglershane2]

Property taxes are different in every county in a state.

[@Faisall7]

The math ain't mathing

[@breiterbytheday4513]

Health care money is missing.... Who makes this stuff?

[@Cooliealot]

i am not living in germany, but i truly think that is where their so called free healthcare come from. It is okay if it was implemented this way, also german really doesn't do war anymore. The weird part is that USA have nearly the same amount of tax rate and yet you'll have to pay 50k for a ct scan.

[@robertellis8670]

Value Added Tax 19% for the money that remains

[@CaptivaLP]

You forgot that we also pay for health insurance

[@rlicon1970]

Does not for VAT whenever you buy something. That tax is high.

[@kevinlanning2291]

That only adds up to 36,952

[@aalewisiii]

This is far worse than California.

[@brydenofboise3783]

The benefits of free healthcare, free higher education (that sometimes pays you as a student), and affordable housing and food even in Berlin. Sounds worth it to me.

[@meelo89]

Nice fairytale, unfortunately not true.

[@DaikiNeko1996]

Affordable housing? Where I saw houses for 700k 1m euro and they were not even big ones

[@niamorzinha]

Very standart rate for most of western europe, with either a few % more or less. The americans will still probably have their mouth drop

[@plainlogic]

Don't forget the 19٪ sales tax

[@exploringgreeks]

So much better than Greece ! In greece 70% goes to taxes ! Germany is paradise

[@REVIVALISTMOMMY]

Cape Verde 🇨🇻

[@MrJoelouis24]

Can you do Alabama

[@juanvaldez7279]

It's the same as all the other states minus state tax. All the other taxes are federal taxes and the same in all 50 states.

[@joecraskki3175]

@@juanvaldez7279 one thing though, we have some of the lowest income tax in the country. also alaba taxes are wacky because of the fact all local taxes or anything for that matter have to be passed as a constitutional amendment in the Alabama state constitution. Which is kind of why we have the longest constitution or any legal document for a organized state in the world, by a long shot.

[@naturalslayer8803]

Do Italy next.

[@ak205]

You mean euros right...

[@laniegrace9358]

100,000 dollars in Mississippi

[@sick911]

Is this a general tax or does Germany have tax brackets like in the US?

[@niamorzinha]

Income tax is in brackets in like 90% of countries, including germany.

[@focusmissy7500]

You forgot to substract health insurance

[@Militarywidow]

I wonder what the cost of living is, salary per profession, and the retirement benefits. Does the benefits outweigh the cost of paying all these fees

[@niamorzinha]

Cost of living depends on where in germany, on average quite high. Salary per profession and retirement benefits are wayyy to long to describe in detail but compared to the rest of the region they are anything from similar to above average. Now as far it being worth it goes that really depends on view point. Lots of this stuff goes to helping people who arent making a 100k although many would argue that this makes Germany beter overall making it worth it. Often people will not even think of their gross income as what they really earn, just what their employer pays total.

[@Militarywidow]

Thank you!

[@Gowidafloman]

That's literally what I net in the US WITHOUT universal healthcare

[@DerVersteherPlus]

This is without healthcare as well. Healthcare will be about 8000€ (public) or about 6000€ (private).

[@DerVersteherPlus]

@RYUGA PLAYS If I have a look on the list in the video it isn’t deducted. Where do you find it in the list? By the way: I am German citizen residing in Germany and are quite well informed about the taxes and duties you have to pay.

[@DerVersteherPlus]

@RYUGA PLAYS The health insurance isn’t included in the tax category. The income tax is 27% without health insurance. Health insurance is an extra 16% tax that is paid half by the employer, and half by the employee.

[@DerVersteherPlus]

@RYUGA PLAYS Form the salary paid out by the employee it is 27+8=35. Like I said: The health insurance is split in two.

[@michelbruns]

For those that say "its lower than in california mimimi", this is for 100k income, americas taxes only get as high as in his ca video, after you earn like 350k a year, which almost no one does, most people have a tiny tax rate in america and california compared to this

[@albertverhei6140]

How much is sales and VAT tax? When u buy anything?

[@niamorzinha]

19%, average for western Europe. Note however that product prices must show prices including sales taxes

[@michelbruns]

The way it should be, why would i exclude taxes from a price when i have to pay them anyway

[@Cymru1987]

And America is close to 67% when you count sales, tax, gas tax, eating-out tax, inflation (legal theft/tax)

[@lorenzovonmatterhorn7402]

Gross is before taxes...net is after jeeeez.

[@CastielMichael88]

What about vat tax in every product plus other taxes in alcohol, cigarettes and fuels

[@ErickStoner]

Oh damm it's like east Berlin got everything

[@tarcisdevos600]

Can you do Belgium ?

[@philip5117]

Do Switzerland and Spain

[@espinoza7166]

Don’t mention California please

[@arjnarersn01]

Robbery

[@DanielGarcia-dk9vz]

Can you do of indiana

[@mingrui1862]

Do Alaska please

[@cawiltu]

Same as Ireland

[@PowerSax911]

That's nuts. So glad I live in the US. Mine is right around 19% after everything

[@williamhuey3205]

How much do you pay for health insurance?
If you have a family do you get time off with pay?
If your wife becomes pregnant do you have guaranteed income?

[@Aquarius003]

@@williamhuey3205 I still have 23% of my income to pay for that. And if it's not needed, goes right back into my pocket.

[@jean-lucpierre8636]

​@williamhuey3205 no unfortunately we don't have any of that here

[@mezza001]

42%!!!!!

[@chadwilliams6150]

Consider free health care and free education.

[@tawansrithrachaikul4573]

@@chadwilliams6150 You get free education in the US as well. Free healthcare in the US if you are poor or old.

[@patgraeme775]

Add 19% sales tax, you're looking at 66%.. fuck that

[@TOXICxGLITCHINGx]

Please do my home state Pennsylvania?

[@christofferzaren6884]

Sweden next please

[@WillieFungo]

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

[@abrahamlincoln9758]

Okay somebody needs to tell me WTF a solidarity surcharge is. RIGHT F*CKING NOW.

[@timon240]

It's used to support former East German states

[@googleuser1006]

Toronto Canada still higher

[@user-ty2uz4gb7v]

What about sales tax

[@justcuz7477]

But what do you get down the road

[@jaredjenson9569]

Man, I thought we had it bad here.

[@Omerkosar]

Well they use it on healthcare and education. United States uses their taxpayers money on funding wars.

[@alexander15551]

Wth is a solidarity surcharge?

[@stopyappin123]

switzerland is like 9%

[@davidparacka]

That's with socialized medicine

[@michelbruns]

That costs less and has FAR better results lol

[@juketreks2192]

Sorry but there is also annual property tax too. Don’t think about hiding the TV.

[@caesar2575]

wow, n they take this legally?

[@misosoup127]

It’s quite arbitrary since you get back much of that in benefits.

[@1mindatatime83]

And they don’t get their taxes back lol😊

[@TheMrSlinkman]

What tax group? Is the guy earning 100k married? better or worst earner of the pair? single? separated with a kid? These will determine your tax class and accordingly taxes vary drastically depending on which class. Also, at 100k the person is probably privately insured, which makes the public insurance (in the description) less relevant to the conversation (private insurance is a flat rate as opposed to public insurance, you can opt out of public insurance if you earn over 60k which also saves a lot of money for the consumer but is a reason why public insurance is so expensive since better earners don‘t pay in the public system). If the guy is married and earns more than his partner, has private insurance, and no kids, he should net 68k a year, much more than this video suggests, (and btw much less percentage-wise than single low earners!!) If he‘s single, that‘s 10k more in taxes!!!! I hate that sht!

[@mikestroman353]

Sales tax 27%

[@cennylund505]

Its 60%im sweden

[@mirko5707]

you forgot a lot of things, please do further research. For example you forgot the soladary tax of 5,85% which comes on top of everything and the unemployment is 2,6% (2600 Euro and not 900). Search for "Brutto Netto Rechner Deutschland". Out of 100 000 you get out 49 000

[@lucasdurham6830]

Yes! Do Sweden!

[@tapantera]

Time for a change...

[@jfredknobloch]

And you still don’t have to pay for healthcare or vehicle insurance or a lot of other shit that they make you pay for in Texas

[@tawansrithrachaikul4573]

You do still have to pay for most medications tho. If the doctor prescribes you sth, most likely it's co-pay. Dental care is usually not included as well. And you definitely have to pay for vehicle insurance in Germany. So yes Americans have it better than Germans in every possible way when it comes to standard of living.

[@udh1]

The average income in Germany is 40-55K Euro. Above 65K salary is considered as top paying jobs. What you say is not what it is in Reality.

[@steveallan5761]

Don’t they get paid in Euro?

[@Omerkosar]

Yep

[@laughingvampire7555]

so you pay less taxes in Germany than California and you get better life.

[@michelbruns]

But this is for 100k income, americas taxes only get as high as in his ca video, after you earn like 350k a year, which almost no one does, most people have a tiny tax rate in america and california compared to this