Recently on Twitter, some tech people openly shared how much they make.
It's good, but only rich workers are sharing. It doesn't help to feel good nor reflect anything about life quality, happiness, perspectives…
Let's try to make it more useful.
🏫 self-taught
🏷 front-end web developer
🌎 Brussels (Belgium)
⏳ 4 years
⏱️ 30 h./week
🎉 unhappy (noise, solo dev, uninteresting projects)
🤝 freelance
💸 25k € (44k inc. taxes)
🍨 no perks
📉 0 € savings/month
🔭 no perspective
👀 open to next gig
So you are effectively taxed at 43% of the income? 😮 That sounds excessive, especially with such level of income.
As I’m a freelancer, taxes includes gross salary with all charges/taxes normally payed by an employer. Not only the personal income charges/taxes.
My gross salary before taxes is more like 30k €.
Otherwise in Belgium, taxes are crazy. You enter the 40-45% income tax rate so quickly: https://en.wikipedia.org/wiki/Taxation_in_Belgium (That’s why we have one of the highest company car rate by worker: those cars aren’t taxed at all, all good for the commuters even when they don’t need a car.)
@meduz It is indeed very high taxation for very low income levels. In the UK you'd pay 20% up to 50k GBP, only beyond that it becomes much more progressive https://www.gov.uk/income-tax-rates
@kravietz Yes I know, and I’m sick of this. Once you’re a bit above the minimal legal threshold, you’re a bit doomed. :(