*Actual, is actually going open-source.
Actual is going open-source
301–310 of 332 posts
Re: Actual is going open-source
#302Earlier quoted context omitted.
In Germany you may want to consider that the employer pays another approx. 20% on top of your salary, by law. So if your salary is EUR 100k, your employer actually pays 120k to keep you on board. Money that your employer could otherwise add to your payout as he’s paying all off it anyway _for_ you, right? Now with 42% income tax of a 100k salary, there’s a net of 58k arriving at your bank account over a year. Given t…
> "Now with 42% income tax of a 100k salary, there’s a net of 58k arriving at your bank account over a year." Oh boy, that's one of those misconceptions I'm really sick of. "The tax is so high, I pay almost half of my salary to the greedy state". No, you certainly don't! And if everyone please spent 5 minutes to understand the difference between the effective tax rate and the marginal tax rate , we'd finally get rid…
On the contrary, the OP has got it right (perhaps accidentally), and you're the one confusing things.
You're correct that taxes, insurance, and pensions are different things, but in the context of "what amount of money arrives in your bank account at the end of the month", I find it a distinction without a difference.
Plugging in a 100k brutto salary into https://www.bbx.de/brutto-netto-rechner/, yields 57k of take home pay for the year, which is within spitting distance of the 58k figure quoted by OP.
The _income taxes_ of it add to up to "only" ~29k, sure.
And your example of getting 75k on 100k of income if you're married only applies if your spouse doesn't work; which; while I'm sure is a commonly occurring situation, it feels disingenuous to not specify that when mentioning it.
Don't get me wrong — having immigrated from Poland, I am having exactly the same feelings you do towards paying high taxes in Norway — I'm more than happy to pay those, and I see a _world_ of difference in how that that money is used; but we can make _those_ arguments without downplaying the actual amount of money that goes to the State.
Re: Actual is going open-source
#303Earlier quoted context omitted.
I've been using YNAB since March 2014. I started doing manual entry with YNAB4 and was an early adopter of YNAB5. I manage my own personal budget as well a joint budget for myself and my fiance. Here's my takeaway: * The YNAB model to budgeting is how I want all future budgeting tools I use to work. They call the framework "The Four Rules" ( https://www.youneedabudget.com/the-four-rules/ ) and they are a very pragmat…
The price is where I am finding myself hesitant to switch unless I find something that has a life changing feature (like features for couples). Copilot had a price hike to $9 a month (or $70 a year I believe) but grandfathered everyone who had a subscription for $3 a month "for life" (as long as you have an active subscription). I do keep hearing great things about YNAB and I don't mind paying for it, but if they are…
It's YNAB's first price rise in a long time, of 20%, and by putting legacy customers onto the new price they unlocked a lot more revenue than previous price rises. I don't think it's a sign of more future non-grandfathered price rises.
Re: Actual is going open-source
#304Earlier quoted context omitted.
You were born and raised in the US. That by itself is already a huge privilege.
also most cs people who are smart tend to think they are average because they are surrounded by other very smart people. I hate that mindset of "oh if you work hard, you too can get a FAANG job making 400k"
I think I'm below average, and then I interview CS grads and "7 years experience in X" on the resume who struggle to write a for-loop, or even write a single line of code at all... I feel like I'm constantly being gaslit.
This has been resonating with me recently: https://blog.codinghorror.com/why-cant-programmers-program/
Re: Actual is going open-source
#305No post body was provided.
Re: Actual is going open-source
#306Earlier quoted context omitted.
I've personally worked with people who I know made 6-figures of total comp in Germany. Checking the relatively-new https://techpays.eu/ , there are plenty of 6-figure entries for Germany. I'm not saying this means it's the norm, just that it's achievable for people whose posts make it to the front page of Hacker News. You mentioned taxes. When people talk about comp in the US, we aren't taking out taxes. Effective ta…
30% is just federal. State can add between 0%-10% on top of that. So depending on where you live it may be very close to Germany. Then there's medical insurance, which is usually paid out of a portion of your paycheck. It's optional, but it would be a poor risk/reward tradeoff for even for a young healthy person to not at least have a high deductable plan, which will be another 3-4% of $200k.
I'll mention this not to disagree with your overall point, but because I've seen it be a source of confusion for some people. In the US federal income tax system, the marginal tax rate varies depending on the tax bracket each dollar of your income falls in.
That is, someone making $200k would pay 10% on their first $9,950 of income, 12% on their next $30,575 of income, and so on. They'd only pay a rate above 30% for the last $35,075 of their income.
You can plug in numbers and locations at https://smartasset.com/taxes/income-taxes to get a sense of how this plays out.
Re: Actual is going open-source
#307Earlier quoted context omitted.
That was certainly not the problem.
If that wasn't the problem, sounds like you didn't have the right skills.
Ah yes, the lady at Uber who was being paid 250k who used Edit>Copy/Paste to paste lines of Python from Notepad into a REPL and got confused with extraneous whitespace errors in order to prove to me that some python doesn't work (even though it did) with a position of "Staff Engineer 1" certainly deserved it more than almost literally everyone else I've worked with.
Skillset has nothing to do with this problem.
Re: Actual is going open-source
#308Re: Actual is going open-source
#309Earlier quoted context omitted.
yeah as another tech worker in Berlin, reading these salaries on consistent basis is kinda depressing. The 70-80K is like a starting tech salaries in larger part of US. Here in Berlin you have to toll for multiple years and then before you know you have hit the 90-100K ceiling. Just compare Berlin with any big American US city, Berliner's PPP is still quite low. This is after the salary "boom" in Berlin.
COVID and companies being more open to hire remotely has partially fixed that, I know of multiple people making 130kE+ in Berlin now, working remotely, with full benefits of being an employee of a German GmbH. I can give you some details via DM if you want.
Share them with me too! Thanks.
Re: Actual is going open-source
#310Earlier quoted context omitted.
In Germany you may want to consider that the employer pays another approx. 20% on top of your salary, by law. So if your salary is EUR 100k, your employer actually pays 120k to keep you on board. Money that your employer could otherwise add to your payout as he’s paying all off it anyway _for_ you, right? Now with 42% income tax of a 100k salary, there’s a net of 58k arriving at your bank account over a year. Given t…
> "Now with 42% income tax of a 100k salary, there’s a net of 58k arriving at your bank account over a year." Oh boy, that's one of those misconceptions I'm really sick of. "The tax is so high, I pay almost half of my salary to the greedy state". No, you certainly don't! And if everyone please spent 5 minutes to understand the difference between the effective tax rate and the marginal tax rate , we'd finally get rid…
This is wrong, getting ~58k in your bank account from a 100k salary for a single is certainly what you can expect.
The 75k you mention will only happen if your spouse doesn't work at all, a rather disingenuous framing.
If you're happy paying high taxes, you shouldn't feel the need to hide the real numbers (even if you're hiding by omission).