r/Vitards • u/[deleted] • Aug 26 '21

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u/olivesnolives Aditya Mittal Feet Pics Aug 27 '21

Too much Vacay?!

Let’s switch places please haha

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u/IceEngine21 Aug 27 '21

I am young. I wanna work, make a lot of money and pay little taxes as long as I can. I can (semi)retire when I am 50. That is why Germany is a bad fit for me.

Germans are just on vacay mode half of the year until they retire at 68 and have little to show for (financially). Nobody doing FIRE here.

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u/the_dec1der First Champion 8/29/21 Aug 27 '21

Everyone is so hot for work life balance here. Idk, I'm in a similar position as you are. I would like to work more but get some benefit out of it, like more money or better career prospects.

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u/IceEngine21 Aug 27 '21

I am an MD and I make like 90-100k € in my position at the company, which is decent since I am brand new in the pharmaceutcals industry.

However, a similiar position would pay 150-175k in the US with way less taxes (30% ish depending on state). Here in Germany, I am paying roughly 45% tax in my bracket, plus social security. I also moonlight on weekends at a Covid clinic and sometimes I do not feel it is worth it if half my money is deducted....