Earlier quoted context omitted.
Exactly on point, Europe is feudal and always have been. It is actually the reason why USA was "invented", when people who were fed up with the system left to start anew. I studied, lived and worked in high demand field all my adult life in Europe, am in my mid 30s and have nothing really to show for it. Salaries are lower than USA, the taxes are ridiculous, (progressive up to 50%), reasonably new house prices in rea…
> Salaries are lower than USA, the taxes are ridiculous, (progressive up to 50%), reasonably new house prices in reasonable locations are in millions. Marginal tax rates in California are also around 50% as well (above or below, depending on income). Houses are certainly in the millions. But on top of this you get to pay separately for extremely expensive health insurance and education, things that in most countries…
$35,000-$80,000 [25%] $80,000-$170,000 [28%]
I'm just going to let you know that in Europe (Austria) personal income of 32,076 to 62,080 is taxed at 42% rate above 60k is taxed with 50%. And this does not include social and health insurance that is mandatory...
To give you TLDR of the European experience, you look at the gross salary, multiply by 0.45 and this is the real money you would see landing in your account, .. enjoy .. :)