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A comment on TSMC eyes Germany as possible location for first Europe chip plant. Parent comment

Re:TSMC eyes Germany as possible location for first Europe c... by raverbashing on Monday July 26, 2021 @08:08AM (#27958430)
Do you think they're not paying any tax in the US? That 600k gross is at most 500k net (probably less)

Also you assume they are a) happy to stay in the US b) have no immigration issues to deal with c) don't have a crazy CoL on SV that eats most of that 500k...

Yes, it's not a clear-cut move, but not too bad neither. Salary is not everything.

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Re:TSMC eyes Germany as possible location for first Europe c... by stackbutterflow on Monday July 26, 2021 @09:41AM (#27959230)
For reference: 600k USD is 508k euros. 500k USD is 423k euros.

We're already down a notch. People tend to assume $1 = 1€ in this thread.

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Re:TSMC eyes Germany as possible location for first Europe c... by volta83 on Monday July 26, 2021 @11:05AM (#27960288)
When you are making 600k$ a big part of your compensation is stocks.

There are lots of ways to pay fewer taxes in the US when holding stocks. Plus you have 401k, backdoor Roth, etc. retirement saving plans that are non-existent in Germany.

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Re:TSMC eyes Germany as possible location for first Europe c... by GoOnThenDoTell on Monday July 26, 2021 @11:30AM (#27960659)
Backdoor Roth?
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Re:TSMC eyes Germany as possible location for first Europe c... by mercutio2 on Monday July 26, 2021 @02:39PM (#27963407)
It’s a thing.

Mega backdoor Roth is an even bigger thing:

https://www.bogleheads.org/wiki/Mega-backdoor_Roth

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