What Are You Doing Right Now? (1,893 Viewers)

[Seven]

When Zach says that his employer pays 4.6k/month for him to get 1.9k that doesn't mean his gross salary is 4.6k though, the taxes that employer pays are never included in gross salary. I'm no Belgium tax expert, but I'd guess that his gross salary is probably somewhere between 3-3.5k, which is surprisingly low for a country like Belgium.

But I agree that's a heavy heavy tax burden for the people who're working, might be one of the highest in the world

No. They are included in gross salary in Belgium. Well, depending on you look at it at least.

1.9K would be his net salary.

Btw, I think we are effectively no. 1 when it comes to income tax.

 

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[Maddy]

Belgium have had primarily center - center/right governments in the last 40 years, yet Zach claims Belgium is a Socialist mess.

Belgium is a liberal democracy with an open market economy, yet Zach claims Belgium is a Socialist state.

Belgium have an overall healthy economy; high productivity, highly efficient, highly trained and educated population, yet Zach claims it's sluggish and unefficient [inefficient red.]. http://www.oecd.org/belgium/economic-survey-belgium.htm

 

[pitbull]

No. They are included in gross salary in Belgium. Well, depending on you look at it at least.

1.9K would be his net salary.

Btw, I think we are effectively no. 1 when it comes to income tax.

Really? So when I see that minimum wage in Belgium is 1,562.59 EUR per month gross, it means that both the employees taxes and the employers taxes get deducted from that? Poor people

That's strange, I always thought that gross wage is what the employer owes you for a period of time and from that you pay your taxes to the government.

 

[Seven]

Belgium have had primarily center - center/right governments in the last 40 years, yet Zach claims Belgium is a Socialist mess.

Belgium is a liberal democracy with an open market economy, yet Zach claims Belgium is a Socialist state.

Belgium have an overall healthy economy; high productivity, highly efficient, highly trained and educated population, yet Zach claims it's sluggish and unefficient [inefficient red.]. http://www.oecd.org/belgium/economic-survey-belgium.htm

We have an inefficient and sluggish bureaucracy. I assume that's what he meant.

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Really? So when I see that minimum wage in Belgium is 1,562.59 EUR per month gross, it means that both the employees taxes and the employers taxes get deducted from that? Poor people

That's strange, I always thought that gross wage is what the employer owes you for a period of time and from that you pay your taxes to the government.

Well, honestly I am not really that up to date, because I am self employed. I do know however that if I were to take home gross wages of 1,500 Euros a month, my taxes would be close to 0. I would still have to pay social contributions though. Take home pay would probably be around 1,100, though I think it is likely to be a lot higher if you're an employee.

 

[Maddy]

We have an inefficient and sluggish bureaucracy. I assume that's what he meant.

Bureaucracy will always be inefficient and sluggish compared to non at all. Without knowing the Belgian system (different between Flanders and Wallonie?), I suspect it might be closer to the French than the Nordic; I'd say a couple of reforms would probably do you well.

But in general Belgium is miles ahead of Greece, Italy, Spain. And only the most efficient countries in the World does better than Belgium in this regard. Belgium is 4th in the World in productivity (GDP per hour worked), if your bureaucracy was as bad as Zach claim, you wouldn't have that position.

But Zach's opinionated and endless babbling is suited to confirms his own narrative as the confused conservative/libertarian/populist he is.

 

[pitbull]

Btw, I think we are effectively no. 1 when it comes to income tax.

that's a bad thing to be first at in future when contemplating a move to Belgium I will take into account that you have crazy high taxes and that the salary offer likely includes the employers taxes as well

 

[ALC]

How is it possible that as an engineer you make so "little" before taxes? They make ridiculous amounts of money here. But you risk being stabbed on the train on the way to work by a crazed homeless man, so there are some tradeoffs

I’m an engineer in jersey and I’m making chump change. Entry level positions are really not that well paying.

 

[lgorTudor]

How is it possible that as an engineer you make so "little" before taxes? They make ridiculous amounts of money here. But you risk being stabbed on the train on the way to work by a crazed homeless man, so there are some tradeoffs

That's actally a lot before taxes by German standards (avg engineer entry level is easily 30-40% lower than that) but taxes are lower as well. Zach would have to only pay 27% of his gross salary and end up with 3300€ instead of 1900€

 

[Maddy]

That's actally a lot before taxes by German standards (avg engineer entry level is easily 30-40% lower than that) but taxes are lower as well. Zach would have to only pay 27% of his gross salary and end up with 3300€ instead of 1900€

It's a decent salary; especially if pension (if paid by employer) isn't a part of that number.

According to this calculator: https://www.belgiumtaxcalculator.com/

Zach's salary would on average in Belgium give a monthly net salary of around 2400 euro. In Denmark it wouldn't be much higher.

 

[Enron]

I’m an engineer in jersey and I’m making chump change. Entry level positions are really not that well paying.

Like really. How am I going to make a dollar more than a McDonald's employee?

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It's a decent salary; especially if pension (if paid by employer) isn't a part of that number.

According to this calculator: https://www.belgiumtaxcalculator.com/

Zach's salary would on average in Belgium give a monthly net salary of around 2400 euro. In Denmark it wouldn't be much higher.

Pension is a great concept. In the US we have 401k and you pay that out of your salary.

 

[X Æ A-12]

Came to work early to impress and just now i found boss isnt even coming in today

Already done pretty much 90% of the productive stuff i was gonna do anyway. Only 6 hours to go

 

[Dostoevsky]

I can't believe it's been 2 months since I started working. Time really flies... jeez.

 

[IliveForJuve]

Everything's collapsing at work.

 

[Quetzalcoatl]

I can't believe it's been 2 months since I started working. Time really flies... jeez.

Yeah your life disappears before your eyes when you're working

 

[X Æ A-12]

Everything's collapsing at work.

What happened?

 

[IliveForJuve]

What happened?

The company I work for might not be able to buy massive quantities of Diesel for their projects because of the State's inefficiency to process paperwork.

How the fuck does it take 6 months to 1 year to be able to consume and manipulate more than 20.000 liters of Diesel. Makes no sense.

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Oh and even if we bribe government officials it might take 3 months AT LEAST.

 

[X Æ A-12]

Mexico ::

 

[AFL_ITALIA]

Society is completely different over here. At the end of the day there is more equality and wealth is more spread.

If you want to get rich here, become a doctor. If you want to get really rich, become a dentist.

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I figured. I hope to see it one day.

Doctors make obscene money. My friend is going to be a cardiologist. Sure, he'll owe the equivalent of a house in debt, but he'll be making ridiculous money.

I’m an engineer in jersey and I’m making chump change. Entry level positions are really not that well paying.

What branch, if you don't mind me asking?

That's actally a lot before taxes by German standards (avg engineer entry level is easily 30-40% lower than that) but taxes are lower as well. Zach would have to only pay 27% of his gross salary and end up with 3300€ instead of 1900€

I wonder if this has anything to do with Germany being a more educated society in general. I know you have a really high number of STEM graduates, not sure about engineering fields though. Maybe supply outweighs demand.

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The company I work for might not be able to buy massive quantities of Diesel for their projects because of the State's inefficiency to process paperwork.

How the fuck does it take 6 months to 1 year to be able to consume and manipulate more than 20.000 liters of Diesel. Makes no sense.

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Oh and even if we bribe government officials it might take 3 months AT LEAST.

Don't you work in a law office?

 

[IliveForJuve]

I figured. I hope to see it one day.

Doctors make obscene money. My friend is going to be a cardiologist. Sure, he'll owe the equivalent of a house in debt, but he'll be making ridiculous money.



What branch, if you don't mind me asking?



I wonder if this has anything to do with Germany being a more educated society in general. I know you have a really high number of STEM graduates, not sure about engineering fields though. Maybe supply outweighs demand.

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Don't you work in a law office?

The firm pays my salary but I'm the legal counsel for a construction company in the oil and gas industry.

 

[swag]

I’m gonna be welcomed to the world of Portuguese wages and taxes. Gonna make less than half of what I got paid in my last job, but then I won’t have to pay $4 for San Francisco toast anymore.