Quote from: Sorcerer on March 20, 2022, 07:31:46 AMI think taxes in America are also much too? But European countries are not heightism as USA is as I heard LOL. Maybe that can offset the detriments of being at your height there.
Not quite, but you will be paying a lot for car insurance and medical insurance which would probably result to similar amounts if you just paid taxes in Europe.
I pay $125 a month total for car and medical insurance.
Actually, regarding taxes you're both correct as neither side is strictly better. If you're a highly skilled professional then it's way better to live in the US, but if you're not then it's way better to live in (north or west) Europe. If you're a business owner or wealthy individual then this comparison doesn't really matter.
Unskilled Workers
Working in the restaurant or hospitality industry, factory workers, etc.
Minimum Wage: Much higher in Europe than the US.
Taxes: Low in both US and Europe.
Benefits: Europeans have healthcare, paid leave, free public uni, etc. covered by taxpayers. US workers get nothing unless they qualify for welfare/Medicaid.
Skilled Workers
Electricians, plumbers, other trades.
In the US these make a decent income and have job security and good benefits.
I don't know anything about this kind of work in Europe though, so someone else can fill in.
Average Professional
This includes non-CS engineers, accountants, teachers, etc.
Salary: Similar in the US and Europe
Taxes: Slightly higher in Europe
Benefits: As mentioned above, it's better in Europe. US companies provide partial medical coverage for these workers and some basic retirement benefits, but that's about it. People under age 65 at this income level get no benefits from taxes paid either.
Highly-skilled Professional
This includes SDE, IB, traders, doctors, consultants.. basically tech/finance careers in T1 cities with bonus-driven comp.
Total compensation: 3-5x higher in the US
Taxes: Higher in the US, but net income is still much higher than in Europe
Benefits: Better in the US. Europeans get health coverage, pension, paid leave, parental leave, etc. through taxpayers, but Americans get even more through their employer like free top tier health/disability/life coverage, much better retirement benefits, tuition at top business schools covered, RSUs/profit sharing, ESPPs, plenty of vacation time, etc.
The smart move is to get a high paying remote job in the US and live somewhere else. Geo-arbitrage and digital nomading is the way to go!
Oh, I completely forgot to mention height. I've visited both the Netherlands and Germany before LL and did not feel short in either place. I might have physically been shorter, but never felt like it was an issue like I do in the US. Of course, I've never tried to date in Europe so that might be why lol.
Quote from: BelowTheMean on March 23, 2022, 04:22:04 PMActually, regarding taxes you're both correct as neither side is strictly better. If you're a highly skilled professional then it's way better to live in the US, but if you're not then it's way better to live in (north or west) Europe. If you're a business owner or wealthy individual then this comparison doesn't really matter.
Unskilled Workers
Working in the restaurant or hospitality industry, factory workers, etc.
Minimum Wage: Much higher in Europe than the US.
Taxes: Low in both US and Europe.
Benefits: Europeans have healthcare, paid leave, free public uni, etc. covered by taxpayers. US workers get nothing unless they qualify for welfare/Medicaid.
Skilled Workers
Electricians, plumbers, other trades.
In the US these make a decent income and have job security and good benefits.
I don't know anything about this kind of work in Europe though, so someone else can fill in.
Average Professional
This includes non-CS engineers, accountants, teachers, etc.
Salary: Similar in the US and Europe
Taxes: Slightly higher in Europe
Benefits: As mentioned above, it's better in Europe. US companies provide partial medical coverage for these workers and some basic retirement benefits, but that's about it. People under age 65 at this income level get no benefits from taxes paid either.
Highly-skilled Professional
This includes SDE, IB, traders, doctors, consultants.. basically tech/finance careers in T1 cities with bonus-driven comp.
Total compensation: 3-5x higher in the US
Taxes: Higher in the US, but net income is still much higher than in Europe
Benefits: Better in the US. Europeans get health coverage, pension, paid leave, parental leave, etc. through taxpayers, but Americans get even more through their employer like free top tier health/disability/life coverage, much better retirement benefits, tuition at top business schools covered, RSUs/profit sharing, ESPPs, plenty of vacation time, etc.
The smart move is to get a high paying remote job in the US and live somewhere else. Geo-arbitrage and digital nomading is the way to go!
Taxes higher in America than Europe for Highly-Skilled individuals? I thought it was the opposite, some states have much lower taxes like Florida and Washington since they don't pay the state government tax not to mention the Seattle area is a hotspot for the CS field. Do you know the range for vacation time received for those that work CS roles in the US?
Quote from: Audous on March 24, 2022, 02:33:49 AMTaxes higher in America than Europe for Highly-Skilled individuals? I thought it was the opposite, some states have much lower taxes like Florida and Washington since they don't pay the state government tax not to mention the Seattle area is a hotspot for the CS field. Do you know the range for vacation time received for those that work CS roles in the US?
Speaking of which, though European average heights are taller than the US, but US's heightism, as I heard, is obviously more severe than that in Europe for some reasons that I don't know.
I think that's bc US's society is filled with competitions(not involutions. They are essentially 2 different things)so I think that's the real reason.
I am very new to the American economy but I am planning to work as a CS programmer in the US so I am curious about tax topic.
For the range of vacation time, I think in the US it's also common for programmers to work over time?
Quote from: Sorcerer on March 24, 2022, 02:40:27 AMSpeaking of which, though European average heights are taller than the US, but US's heightism, as I heard, is obviously more severe than that in Europe for some reasons that I don't know.
I think that's bc US's society is filled with competitions(not involutions. They are essentially 2 different things)so I think that's the real reason.
I am very new to the American economy but I am planning to work as a CS programmer in the US so I am curious about tax topic.
For the range of vacation time, I think in the US it's also common for programmers to work over time?
The competition part causing heightism in US makes sense. US is the most innovative country on earth and the reason being is the large amount of competition in every aspect of life (and this includes height).
Quote from: Audous on March 24, 2022, 02:47:16 AMThe competition part causing heightism in US makes sense. US is the most innovative country on earth and the reason being is the large amount of competition in every aspect of life (and this includes height).
I think the reason why they can maintain innovative is their excellent education(although with some problems), atmosphere of scientific discussions and institution of patent?
America excels in innovation because of lack of regulations. To get an idea and then start a business to provide a product or service is far easier in the US than anywhere else. A lot of the great american innovators are foreign-born.
Quote from: Medium Drink Of Water on March 24, 2022, 03:02:10 AMAmerica excels in innovation because of lack of regulations. To get an idea and then start a business to provide a product or service is far easier in the US than anywhere else. A lot of the great american innovators are foreign-born.
I think that will also cause fake and low-quality products? But as I heard the situation is not that bad, instead I heard only a few bad news about Americans creating fake/low-quality products, generally speaking.
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