Re:TSMC eyes Germany as possible location for first Europe c...
by suction on Sunday August 01, 2021 @02:59AM
(#28024364)
Maybe I wasn't being clear enough. What I meant was to simply hide the deductions on the pay slip. Or go one step further, do not deduct them from the salary at the time of payout, but just postpone them and deduct them from the receiver's bank account (and make the bank responsible for making sure he doesn't send the money to Switzerland before it happens).
So the employee sees the huge number being transferred into his account. He can go on the internet and brag about how great salaries in Germany are.
Also, you are wrong here: "Reduced by half because of employer contributions". This only applies to very specific insurances like private pension funds, where there's a split.
Costs for health care aren't split like that, the employer deducts the full amount.
But thanks for the patronising comment. American?
Re:TSMC eyes Germany as possible location for first Europe c...
by slowmotiony on Tuesday July 27, 2021 @08:34AM
(#27971640)
"In the end, the amounts you pay (reduced by half because of employer contributions) are relatively low."
I typed 100k/year into brutto-netto-rechner and it shows that Netto is less than 65k. Basically over 35% of your salary gets confiscated by the state, of course this doesn't include further taxes like 19% VAT you pay every time you buy anything at all.
How is that "relatively low"?
Each of these deductions are clearly shown on your pay slips. They can be calculated in advance from your gross income.
In the end, the amounts you pay (reduced by half because of employer contributions) are relatively low.
In any case, it's impossible to have a balanced view on compensation, because of the huge differences between the countries you compare. I lived 6 years and Germany and the rest of my life in Canada. I still wouldn't venture to compare what a salary means in either country.